Exceptional Growth and Store Expansion
Tiendas 3B opened 142 net new stores in Q2, totaling 3,031 stores, with plans to invest in 4 new regions in the second half of the year. Same Store sales grew by 17.7%, and total revenues increased by 38.3% to reach MXN 18.8 billion.
Strong Financial Performance
EBITDA increased by 22.5% to MXN 844 million. If excluding non-cash share-based payment expenses, EBITDA would have increased by 32%. Operating cash flow increased by 56% from 2024, reaching MXN 1.9 billion.
Increased Cash Position
The company ended with a net local cash position of approximately MXN 1.1 billion, with an additional $150 million from IPO funds.
Positive Market Position
The company continues to be one of the fastest-growing retailers in Mexico, with a significant lead in Same Store sales growth compared to ANTAD, showing a larger gap of 15 percentage points.