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    Citibank Analyst • Citigroup Inc.

    Alexandra Valeanu is a Regulatory Reporting Senior Analyst - Assistant Vice President at Citigroup Inc., specializing in capital markets operations and regulatory reporting compliance. With over three years of experience in financial services, she has played a vital role in representing Citi in industry forums and ensuring compliance with key regulatory regimes such as CFTC, CAD, and SEC reporting, contributing directly to regulatory transparency and process improvements. Valeanu's career includes successful project implementations, process enhancements, and close collaboration with both business and technology stakeholders since joining Citi in Getzville, New York, after holding prior roles in regulatory reporting and capital markets middle office. She possesses advanced skills in SQL/VBA, experience in large-scale implementations, and is recognized for her strong organizational, problem-solving, and communication abilities, holding requisite industry credentials that match her operational and compliance-focused responsibilities.

    Citibank Analyst's questions to Sendas Distribuidora SA (ASAIY) leadership

    Citibank Analyst's questions to Sendas Distribuidora SA (ASAIY) leadership • Q1 2025

    Question

    The analyst from Citibank noted a slight improvement in store productivity (measured as net revenue minus sales area) and asked for the underlying dynamics, questioning if it was due to better locations, less competition, or other factors.

    Answer

    CEO Belmiro de Gomes confirmed the productivity improvement is linked to the ongoing maturation of the store base. He explained that the productivity ramp-up is not just about customers returning but also about the company's work to adjust the product mix and add services like bakeries and self-checkouts post-opening. He stated that an improvement in EBITDA margin is not possible without a corresponding improvement in store productivity, which goes beyond just pricing.

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