BBB Foods, Inc. Class A (TBBB) has released an update.
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BBB Foods Inc., a prominent Mexican discount supermarket chain, has reported a significant growth spurt in both quarterly and annual financial results for 2023. The company achieved a 30.8% increase in total revenue for the fourth quarter and a 35.3% rise for the full year, boosted by the opening of 396 new stores and a notable increase in same-store sales. This expansion, along with a solid increase in EBITDA, underpins the company’s vigorous growth strategy and commitment to enhancing shareholder value.
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