BBB Foods Inc
NYSE:TBBB
BBB Foods Inc
BBB Foods Inc is a MX-based company operating in industry. The company is headquartered in Mexico City, Mexico, D.F.. The company went IPO on 2024-02-08. BBB Foods Inc is a Mexico-based holding company. The Company, through its subsidiaries, is primarily engaged in the sale, acquisition, purchase, and distribution of all types of products, items and consumer goods. BBB Foods Inc is also involved in the operation of stores and distribution centers focused on the marketing and sale of such products. Its product range consists of approximately 800 stock keeping units (SKUs) of branded, private label and spot products. The firm directly owns two Scottish entities- BBB Foods Limited Partnership and Lothian Shelf Limited. Besides that, it also acts as a shareholder of such Mexican companies as: Tiendas Tres B, S. A. de C. V., Tiendas BBB, S. A. de C. V., and Desarrolladora Tres B, S. A. de C. V.
BBB Foods Inc is a MX-based company operating in industry. The company is headquartered in Mexico City, Mexico, D.F.. The company went IPO on 2024-02-08. BBB Foods Inc is a Mexico-based holding company. The Company, through its subsidiaries, is primarily engaged in the sale, acquisition, purchase, and distribution of all types of products, items and consumer goods. BBB Foods Inc is also involved in the operation of stores and distribution centers focused on the marketing and sale of such products. Its product range consists of approximately 800 stock keeping units (SKUs) of branded, private label and spot products. The firm directly owns two Scottish entities- BBB Foods Limited Partnership and Lothian Shelf Limited. Besides that, it also acts as a shareholder of such Mexican companies as: Tiendas Tres B, S. A. de C. V., Tiendas BBB, S. A. de C. V., and Desarrolladora Tres B, S. A. de C. V.
Strong Revenue Growth: Total revenues rose 36.7% year-over-year to MXN 20.3 billion, with same-store sales up 17.9%.
Rapid Expansion: 131 net new stores and 2 new distribution centers were opened in the quarter, bringing the total to 3,162 stores and 18 DCs.
EBITDA Turnaround: Reported EBITDA showed a loss of MXN 404 million, but excluding noncash share-based payments, EBITDA reached a positive MXN 1.2 billion, up 43.6%.
Operating Cash Flow: Cash flow from operating activities for the first nine months reached MXN 3 billion, a 30% increase year-on-year.
Margins Improving: Older store cohorts are now achieving EBITDA margins near 7%, in line with other hard discounters, and margin expansion is expected to continue naturally with scale.
Store Maturation Accelerating: Newer stores are reaching maturity and higher returns faster due to stronger brand recognition and improved value proposition.
Private Label Growth: Private label penetration continues to climb, reaching the mid-50% range.
Positive Outlook: Management remains confident in sustaining strong same-store sales growth and sees significant room for further expansion in Mexico.
