Sendas Distribuidora S.A.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Belmiro de Figueiredo Gomes
- Full Time Employees
- 80,000
- Sector
- Consumer Defensive
- Industry
- Grocery Stores
- Address
- Avenida Ayrton Senna, No. 6,000 Rio De Janeiro RJ Brazil 22775-005
- IPO Date
- Mar 9, 2021
- CIK
- 0001834048
- Website
- assai.com.br
- Similar Companies
- Business
- Sendas Distribuidora S.A. Sendas Distribuidora S.A. operates as Brazil's leading cash-and-carry wholesaler under the Assaí Atacadista brand, engaging in the retail and wholesale distribution of food products, bazaar items, and consumer goods through a network of large-format self-service warehouse stores. The company offers a broad portfolio encompassing grocery staples, perishable items, beverages, cleaning and hygiene products, wrapping materials, household goods, automotive and pet supplies; it provides ancillary services including in-store butchery, parking, air-conditioned environments, telesales, delivery options, and the Passaí co-branded credit card in partnership with Banco Itaú, which facilitates wholesale pricing on single-item purchases and represents about 5% of sales. Sendas serves diverse customers such as restaurants, pizzerias, snack bars, schools, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, small businesses, and individual consumers seeking bulk value purchases; it maintains approximately 305 to 306 stores across 24 states plus the Federal District, employing over 90,000 people. Founded in 1974 in São Paulo by Rodolfo Jungi Nagai and headquartered in Rio de Janeiro, the company expanded nationally following its 2007 acquisition by Companhia Brasileira de Distribuição (controlled by Casino Group), a 2016 asset reorganization consolidating cash-and-carry operations, a 2021 spin-off from CBD with IPOs on B3 and NYSE, and the 2021-2023 acquisition and conversion of 70 Extra Hiper stores from GPA, which nearly doubled its footprint to 288 stores by end-2023. Recent developments include surpassing 300 stores in 2024 with 15 new openings and entry into municipalities like Barueri, SP, and Vitória; completing Casino Guichard Perrachon's full divestment of its stake by July 2023, resulting in a 99% public float; announcing in December 2024 its intention to voluntarily delist American Depositary Shares from NYSE; executing a share buyback program closing in 2024 with 3.8 million shares repurchased; and earning recognition as one of Brazil's 25 most valuable brands by Interbrand for the sixth consecutive year in 2024.
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