BBB Foods, Inc. Class A (TBBB) has released an update.
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BBB Foods Inc., operating as Tiendas 3B, reported a strong performance for the third quarter of 2024, reflecting a 29.8% revenue increase to Ps. 14,834 million and a 54% rise in EBITDA compared to the previous year. The company expanded aggressively, opening 131 new stores, while maintaining a stable gross profit margin and reducing sales expenses proportionately. These results underscore Tiendas 3B’s successful expansion strategy and efficiency improvements, positioning it well within the competitive Mexican grocery retail market.
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