Sendas Distribuidora SA (NYSE:ASAI) Q3 2023 Earnings Conference Call October 31, 2023 10:00 AM ET
Company Participants
Gabrielle Helu - IR Officer
Belmiro Gomes - CEO
Daniela Sabbag - CFO
Wlamir dos Anjos - Chief Commercial Officer
Conference Call Participants
Danni Eiger - XP
Maria Cara - Itau
Vinicius Strano - UBS
Alexandre Namioka - Morgan Stanley
Joseph Giordano - JPMorgan Chase & Co.
Joao Soares - Citigroup
Irma Sgarz - Goldman Sachs Group
Operator
Good morning, everyone, and thank you for waiting. Welcome to the earnings call for our third quarter in '23 at Assai Atacadista. I want to highlight that if you do need translation, we have this tool available on our platform. In order to do so, please select the interpretation button through the global icon at the bottom part of your screen and choose your language of preference, Portuguese or English.
We'd like to let you know that this earnings call is being recorded and will be available on the IR website at the company, at ir.assai.com. Where you can already find the earnings release. [Operator Instructions].
We also want to highlight that the information in this presentation and possible statements that could be made during the earnings call related to business perspectives, forecasts and operational targets and financial targets that I say, represent beliefs and assumptions of the company's management as all information is currently. Future statements are not a guarantee of performance. They involve risks, uncertainties and assumptions as they refer to future events and thus may depend on circumstances that could not occur.
Investors must comprehend that general economic conditions, market conditions and other operational factors may affect the future performance of Assai and lead to results that differ materially from those listed in such future statements.
Now we'll pass the floor to Gabrielle Helu. Our Investor Relations director at Assai.
Gabrielle Helu
Hello, everyone. Good morning. Thank you for participating in our earnings call for the third quarter of '23.
Today, we have Belmiro Gomes, our CEO; Daniela Sabbag, our CFO; Wlamir dos Anjos, our Commercial VP; and Anderson Castilho, our Operations VP.
As normal -- normally, we'll submit the floor to Belmiro for his initial remarks.
Belmiro Gomes
Thank you, Gabi. Good morning, everyone. Ladies and gentlemen, I want to thank you all for your participation during our earnings call for the third quarter.
The third quarter of '23 had this big highlight, which has been on the news and media, which is the fact that Assai is the company in the food sector that has the greatest presence in Brazilian households. We reached 25% of all Brazilian households. So one in every four households visits an Assai store. This is a result of our value proposition and our expansion plan with a bigger amount of stores, but especially the business model that within our different projects that we're going to discuss up ahead in the conversion, it's allowed us to reach this important milestone.