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BBB Foods Inc. (symbol: TBBB) is a prominent player in the grocery hard discount market in Mexico, offering affordable and high-quality products to consumers across the country. The company operates through three main subsidiaries: Tiendas Tres B, Tiendas BBB, and Desarrolladora Tres BSA de CV.
The core activity of Tiendas Tres B is the sale, purchase, distribution, and marketing of a wide range of products. This subsidiary is responsible for establishing and operating individual stores and distribution centers dedicated to the retail of these products. The focus on accessibility and affordability has allowed the company to cater to a broad customer base.
Recently, BBB Foods Inc. has achieved significant milestones, including the expansion of their store network and the enhancement of their supply chain logistics. These advancements ensure that fresh and essential products are always available to their customers at competitive prices. The company also prides itself on the strategic partnerships it has formed with local suppliers, enhancing the quality and variety of products on offer.
Financially, BBB Foods Inc. continues to demonstrate solid performance, marked by steady revenue growth and prudent financial management. This robust financial health empowers them to reinvest in their business, driving further growth and innovation within the market.
Tiendas 3B (NYSE: TBBB), a leading Mexican grocery hard discounter, reported strong Q2 2024 results. Highlights include:
- 27.5% revenue growth to Ps. 13,574 million
- 10.7% same-store sales growth
- 43.2% EBITDA increase to Ps. 689 million
- 121 net new stores opened, reaching 2,503 total
- Gross profit margin improved by 60 bps to 16.7%
- Net profit of Ps. 331 million, up from Ps. 71 million in Q2 2023
The company's expansion continues with 215 new stores year-to-date and one new distribution center. Despite some challenges, Tiendas 3B maintains a strong financial position with Ps. 1,245 million in cash and equivalents, plus Ps. 2,774 million in USD short-term deposits.
BBB Foods Inc. (NYSE: TBBB), also known as Tiendas 3B, has announced its upcoming second quarter 2024 earnings release and conference call. The company will report its financial results on August 21, 2024, after market close. The earnings conference call is scheduled for August 22, 2024, at 12:00 p.m. ET.
Investors and analysts can join the webcast or dial in via telephone to participate. The call will be hosted by Anthony Hatoum, Chairman and CEO, and Eduardo Pizzuto, CFO, who will discuss the results and answer questions. An audio replay of the conference call will be available on the Tiendas 3B website after the event.
Tiendas 3B (NYSE: TBBB), a leading grocery hard discounter in Mexico, reported its 1Q24 financial results. Revenue grew by 30.9% to Ps. 12,684 million, driven by a 14.8% increase in Same Store Sales and the opening of 94 new stores. EBITDA surged by 57.9% to Ps. 626 million, despite IPO-related expenses. Gross profit reached Ps. 2,062 million, a 37.0% increase, with a gross margin improvement of 73 basis points to 16.3%. The company repaid Ps. 4,925 million in debt using IPO proceeds and ended the quarter with Ps. 4,293 million in cash. However, administrative expenses slightly increased, and a Ps. 231 million net loss was reported, mainly due to higher income tax expenses and a foreign exchange loss.
BBB Foods (NYSE: TBBB), also known as Tiendas 3B, will release its first quarter 2024 earnings on May 22, 2024, after market close. The company invites stakeholders to join a webcast conference call on May 23, 2024, at 11:00 a.m. ET, hosted by Chairman and CEO Anthony Hatoum and CFO Eduardo Pizzuto. The call will allow participants to ask questions regarding the quarterly results. To join the webcast, participants can register via a provided Zoom link or dial in using domestic or international numbers. An audio replay of the call will later be available on the Tiendas 3B website.
BBB Foods Inc., a leading grocery hard discounter in Mexico, announced the filing of its Annual Report on Form 20-F for the fiscal year 2023. The report includes audited financial statements and is available on the SEC and Tiendas 3B's website. Investors can request a printed copy.
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