Record Store Openings and Growth
Opened 117 net new stores this quarter, bringing the total to 2,889 stores. Compared to the first quarter of 2024, which had 94 openings, this marks a significant increase and a total of 507 stores over the last 12 months.
Strong Revenue and Same Store Sales Growth
Total revenues increased by 35% to MXN17 billion, with same store sales growing by 13.5%. This positions Tiendas Tres B as one of the fastest-growing retailers globally.
Improved Cash Flow and Financial Position
Cash flow generated by operating activities reached MXN1.1 billion, a 49% increase year-over-year. The company ended with a net cash position of approximately MXN1.6 billion, plus $150 million of cash.
EBITDA Growth
EBITDA increased by over 12% to reach MXN705 million, despite margin pressures due to increased investments.