BBB Foods, Inc. Class A ( (TBBB) ) has released its Q4 earnings. Here is a breakdown of the information BBB Foods, Inc. Class A presented to its investors.
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BBB Foods Inc., operating under the brand Tiendas 3B, is a leading grocery hard discounter in Mexico, known for its rapid expansion and value-driven offerings. The company recently announced its financial results for the fourth quarter and full year 2024, showcasing significant growth in revenue and store openings. For the fourth quarter of 2024, Tiendas 3B reported a total revenue of Ps. 16,347 million, marking a 32.7% increase compared to the same period in 2023. The company opened 138 new stores during the quarter, contributing to a total of 2,772 stores by the end of the year. EBITDA for the quarter rose by 51.1% to Ps. 845 million, reflecting strong operational performance. Over the full year, Tiendas 3B achieved a total revenue of Ps. 57,439 million, a 30.3% increase from 2023, with EBITDA growing by 51.2% to Ps. 2,847 million. The company opened 484 new stores throughout the year, highlighting its aggressive expansion strategy. Looking ahead, Tiendas 3B plans to continue its growth trajectory in 2025, with expectations to open between 500 and 550 new stores and achieve revenue growth between 26% and 29%. The company remains focused on enhancing its capabilities and providing exceptional value to its customers.