6-K 1 asai20220419_6k.htm FORM 6-K

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

_____________________

 

FORM 6-K

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or

15d-16 of the Securities Exchange Act of 1934

For the month of April 2022

Commission File Number: 001-39928

_____________________

 

Sendas Distribuidora S.A.

(Exact Name as Specified in its Charter)

Sendas Distributor S.A.

(Translation of registrant’s name into English)

Avenida Ayrton Senna, No. 6,000, Lote 2, Pal 48959, Anexo A

Jacarepaguá

22775-005 Rio de Janeiro, RJ, Brazil

(Address of principal executive offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F:   ý
      Form 40-F:   o

(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)):

Yes:   o
      No:   ý

(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)):

Yes:   o      No:   ý

 
 

São Paulo, April 19, 2022 - Assaí Atacadista [B3: ASAI3; NYSE: ASAI] announces its sales performance for the first quarter of 2022 (1Q22). The information herein is preliminary, unaudited and, thus, subject to review. Variations are calculated in comparison to the same period of the previous year, except where stated otherwise. All comments on the performance of same-store sales are adjusted for calendar effect.

 

·Strong gross sales acceleration, reaching R$ 12.5 billion, up R$ 2.1 billion on 1Q21;
·Net sales amounted to R$ 11.4 billion, expanding +21.1% on 1Q21 (vs. +8.1% on 4Q21), mainly due to:
-High performance of 32 stores opened in the last 12 months: +15.4%; and
-Evolution in same-store sales trend (+6.7%), accelerating throughout the quarter and reaching double-digit growth in the accumulated of February and March, despite the strong comparison base (+11.2%) and persistent trade-down movements from customers;
·From the 10 organic stores planned for 2022, 4 were opened in 1Q22 and 6 are currently under construction;
·Progress in hypermarket conversions process: 60 commercial points already in possession of Assaí, located in central, mature and densely populated areas of large capitals and major cities. Around 40 stores, expected to be opened in the 2nd semester of 2022, are already under construction;
·Strengthening of digital initiatives, available in 55 cities of 17 states: sales via Cornershop more than doubled compared to 4Q21 and partnership with Rappi rollout.

 

STRONG SALES GROWTH AND ACCELERATION IN SAME-STORE SALES

 

 

Net Sales amounted to R$ 11.4 billion in the 1Q22, a record for the first quarter, representing an increase of R$ 2.0 billion when compared to the same period of 2021 and a +21.1% growth, which represents a strong acceleration compared to 4Q21 performance (+8.1%). This result reflects the strong performance of the 32 stores opened in the last 12 months (+15.4%) as well as the robust performance of same-store sales (+6.7%), which evolved during the quarter and reached double-digit growth in the accumulated of February and March.

 

 

 
 

In 1Q22, same-store sales improved significantly, despite the strong double-digit comparison base (+11.2%), supported by the fast adjustments on assortment and the successful commercial strategy, very attentive to market trends and consumer preferences.

 

 

ORGANIC EXPANSION CONTINUATION AND FAST PROGRESS IN HYPERMARKET CONVERSIONS

 

During 1Q22, Assaí opened 4 new stores, of which 2 in the North and 2 in the Northeast, expanding the footprint in regions with high growth potential. In the last 12 months, 32 stores were inaugurated, which represents an expansion of 22% in total sales area and attests the Company’s top-notch execution capacity. Currently, there are 216 Assaí stores in operation with total sales area of 986 thousand sqm.

 

 

Assaí continues to advance in its expansion strategy: 6 organic stores are currently under construction and the conversion process of Extra Hiper stores progress rapidly. At the end of March 2022, 60 commercial points were in Assaí possession. The remaining 10 commercial points are pending fulfillment of the conditions required for concluding the transaction.

 

According to the stores’ list attached, the hypermarket conversions will enable Assaí to consolidate its presence in 16 state capitals and major cities through locations in mature and densely populated areas. The conversion schedule is on track: around 40 stores, which are expected to be opened in the 2nd semester of 2022, are already under construction.

 

The hypermarket conversions to be carried out during 2022 and 2023 have high performance potential, as confirmed by the successful performance of the conversions carried out in recent years. The Extra Hiper stores converted into Assaí throughout the last 12 months achieved an average sales uplift of 3x when compared to the sales under the hypermarket format.

 

 

 

 

 
 

DIGITAL INITIATIVES ADVANCING RAPIDLY

 

Online sales offer greater convenience for Assaí customers. Currently, clients in 55 cities of 17 states can shop using the app Cornershop by Uber or Rappi. The partnership with Cornershop, implemented in August 2021, continues to register rapid growth, with sales improving 6x compared to the project’s initial rollout and more than doubling in relation to 4Q21.

 

 
 

APPENDIX - LIST OF 60 COMMERCIAL POINTS TO BE CONVERTED INTO ASSAÍ:

 

  Store FU City Address Sales Area (‘000 sq. m.)
1 Farol AL Maceió Av. Fernandes Lima, 4000 5,596
2 Maceió AL Maceió Av. Comendador Gustavo Paiva, 3159 7,263
3 Rótula BA Salvador Av. Antonio Carlos Magalhães, 6365 5,720
4 Paralela BA Salvador Av. Gov. Luis Viana Filho, 3056 7,328
5 Vasco Da Gama BA Salvador Av. Vasco da Gama, 828 6,547
6 Parangaba CE Fortaleza Av. Senador Távora, 44 5,643
7 Montese CE Fortaleza Av. Dos Expedicionarios, 4444 7,663
8 Mister Hull CE Fortaleza Av. Mister Hull, 4300 5,646
9 Taguatinga DF Brasília Aguas Claras - Qs-03 - Rua 420 - Lt-04 7,289
10 Brasilia Park DF Brasília Smas, S/N,Trecho 3 Conj 5 Guara            6,551
11 Brasilia Norte DF Brasília Stn S/N Lote Asa Norte                     9,012
12 Brasilia Sul DF Brasília Rua Sia Tr 12 Lt 105 7,281
13 Ceilândia DF Brasília Qnm 11 Lote 06 S/N Loja E Mezanino Ceilandia 5,940
14 Goiânia GO Goiânia Av. Portugal,S/N Qda L22 Setor Maris Setor 6,453
15 Belvedere MG Belo Horizonte Rua Maria Luiza Santiago, 110 7,442
16 BH MG Belo Horizonte Av. Francisco Sales 898 6,425
17 Minas Shopping MG Belo Horizonte Av. Cristiano Machado, 4000 7,655
18 Joaquim Murtinho MS Campo Grande R. Joaquim Murtinho, 3167 4,243
19 Campina Grande PB Campina Grande Av. Prefeito Severino B. Cabral, 1339 4,815
20 J. Pessoa Tambaú PB João Pessoa Av.Epitacio Pessoa, 1277 4,989
21 Boa Viagem PE Recife Av. Eng Domingos Ferreira, 1818   6,653
22 Benfica PE Recife Rua Benfica, 175 7,040
23 Teresina PI Teresina Av. Presidente Kennedy, 501 5,625
24 Curitiba Kennedy PR Curitiba Av. Presidente Kennedy, 1000 5,650
25 Curitiba Alto Da XV PR Curitiba Av. Mal Humb.De Alen. C. Branco, 230 5,990
26 Maracanã RJ Rio de Janeiro R. Jose Higino, 115          6,073
27 Galeão RJ Rio de Janeiro Estr. do Galeao, 2700 7,618
28 São Gonçalo Centro RJ São Gonçalo Av Presidente Kennedy, 429    4,209
29 Carioca RJ Rio de Janeiro Av Vicente de Carvalho, 909 5,080
30 Maria Lacerda RN Parnamirim Av. Maria Lacerda Montenegro  4,475
31 Natal Ponta Negra RN Natal Av Eng Roberto Freire S/N Parte 1 6,287
32 Aracaju SE Aracaju Av. Adélia Franco, 3735 6,718
33 Freguesia Do Ó SP São Paulo Av. Nossa Senhora do O, 1759/2003 6,650
34 Praia Grande Shop SP Praia Grande Av. Ayrton Senna da Silva, 1511 6,130
35 Guarulhos Centro SP Guarulhos Av. Antônio de Souza, 300 5,351
36 Mogi Lar SP Mogi das Cruzes Av. Pref. Carlos F. Lopes, 600 5,688
37 Jaguaré SP São Paulo Av. Corifeu De Azevedo Marques, 4160 7,937
38 Sorocaba Campolim SP Sorocaba Av. Professora Izoraida Marques Peres 5,642
39 Raposo Tavares SP São Paulo Av.Marechal Fiuza de Castro, S/N 5,386
40 Anchieta SP São Bernardo do Campo R. Garcia Lorca, 301        8,449
41 Taboão Da Serra SP Taboão da Serra R. Joao Batista de Oliveira, 47/329 6,847
42 S.J.C. Colinas SP São José dos Campos Av. Jorge Zarur, 100 Jardim Apolo          7,262
43 Interlagos SP São Paulo Av.Sargento Geraldo Santana, 1491 5,811
44 Aeroporto SP São Paulo Av. Washington Luis, 5859 7,613
45 Guarulhos B. Maia SP Guarulhos Av. Salgado Filho, 4000 5,649
46 Guaianazes SP São Paulo Estrada Itaquera Guaianazes, 2671 6,743
47 R. Preto P. Vargas SP Ribeirão Preto Av. Presidente Vargas, 1671 6,026
48 Campinas Abolição SP Campinas R. Abolicao, 2013 8,477
49 Anhanguera SP São Paulo R. Samuel Klabin, 193 9,122
50 Penha SP São Paulo Av. São Miguel, 962/1006 7,443
 
 

 

  Store FU City Address Sales Area (‘000 sq. m.)
51 Mooca SP São Paulo R. Javari, 403                  6,187
52 Caraguá Serramar SP Caraguatatuba Av. José Herculano, 1086 5,606
53 Santos SP Santos Av. Ana Costa, 318/340   8,293
54 Sorocaba SP Sorocaba R. Maria Cinto de Biaggi, 164 7,425
55 Itatiba SP Itatiba Av. Luis Emanuel Bianchi, 120    4,430
56 Araraquara SP Araraquara R. Jose Bonifacio, 483             5,110
57 João Dias SP São Paulo Av. Guido Caloi, 25 7,975
58 São Caetano SP São Caetano do Sul Rua Sen. Vergueiro, 428/498 9,146
59 Campinas Amoreira SP Campinas Av. Ruy Rodrigues, 1400 6,255
60 Palmas TO Palmas Quadra 402 Sul, Avenida Ns 2 S/N 6,012
TOTAL SALES AREA 389,586

 

 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: April 19, 2022

Sendas Distribuidora S.A.

 

By: /s/ Daniela Sabbag Papa

Name: Daniela Sabbag Papa

Title: Chief Financial Officer

 

 

By: /s/ Gabrielle Helú

Name: Gabrielle Helú

Title: Investor Relations Officer

 

 

FORWARD-LOOKING STATEMENTS

 

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.