10 Best Small-Cap Stocks Ready To Explode

8. Sendas Distribuidora S.A. (NYSE:ASAI)

Analyst Upside Potential: 60.45%

Sendas Distribuidora S.A.(NYSE:ASAI) widely known as Assai Atacadista, is a Brazilian company focused on food distribution. The company operates through two main business segments: the Cash & Carry and Retail segment.

The Cash & Carry segment provides a self-service wholesale shopping experience. Customers, including small retailers and businesses, can buy a wide range of products in bulk at lower prices. Assai stores typically offer over 9,000 items, including groceries, beverages, personal care products, and cleaning supplies. Moreover, the Retail segment runs various retail operations such as hypermarkets, supermarkets, and convenience stores under different brand names. These include Exito and Carulla in Colombia, Devoto and Disco in Uruguay, and Libertad in Argentina.

Sendas Distribuidora S.A.(NYSE:ASAI) has been focused on opening new stores and expanding its reach to customers. During the first 9 months of 2024, management added 9 new stores with 4 stores opening in the third quarter of fiscal 2024. If we look at the past 12 months the company has opened 21 new stores adding more than 110,000 square meters to the sales area.

While new store openings are expected to boost sales and revenue generation, what’s more impressive is the fact that the company also grew its same-store sales by 2.6% year-over-year. Overall, the revenue for the quarter amounted to $3.51 billion indicating a 9.3% increase year-over-year.

Management attributed sales growth to continuous growth in customer visits. During the third quarter of fiscal 2024, around 40 million people visited its stores monthly throughout the quarter. Moreover, Sendas Distribuidora S.A.(NYSE:ASAI) has also been actively working towards debt reduction. It is one of the best small-cap stocks ready to explode.