Strong Store Expansion
Tiendas Tres B opened 138 net new stores in the fourth quarter and a total of 484 new stores for the full year, representing a 21% increase over 2023.
Robust Revenue Growth
Total revenues for the fourth quarter increased by 32.7% to MXN16.3 billion, and full year revenues increased by 30.3% to MXN57.4 billion.
Impressive Same Store Sales Growth
Same store sales growth for the fourth quarter was 11.8% and 13.4% for the full year, outperforming ANTAD's numbers significantly.
Strong Cash Flow and Financial Position
Net cash flows generated by operating activities reached MXN3.749 million, a 19.4% increase year-over-year, ending the year with a net cash position of approximately MXN1.4 billion.
Increased Private Label Penetration
Private labels now represent 54% of sales, up from 47% in 2023, driving increased value and customer loyalty.