Maria Cara Infantas's questions to ASAI leadership • Q3 2023
Question
Inquired about the outlook for revenue growth in 2024, considering the competing effects of food deflation and the ramp-up of converted stores. Also asked about plans for organic expansion, including target locations, and the total number of store openings expected for 2023.
Answer
The company expects price stability to replace the recent deflationary trend in 2024, though uncertainty remains. Revenue growth will depend on the number of new organic stores, with plans to enter large cities where Assai is not yet present. For 2023, about 30 stores will be opened. The final number of openings for 2024 will be determined in Q4, balancing growth with deleveraging.