BBB Foods, Inc. Class A (TBBB)
NYSE:TBBB
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BBB Foods, Inc. Class A
(NYSE:TBBB)
Select Model
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Rating:52Neutral
Price Target:
$38.00
▲(0.96% Upside)
Action:ReiteratedDate:03/26/26
The score is held back primarily by weak financial performance quality (2025 profitability breakdown) and elevated/rising leverage, despite strong growth and cash generation. The earnings call adds support via upbeat, specific 2026 growth guidance and attractive unit economics, while technicals are neutral-to-mixed and valuation is constrained by loss-making results and no stated dividend yield.
Positive Factors
Rapid store expansion
A sustained, high-velocity rollout (574 net new stores in 2025) materially increases market coverage and densification benefits. Larger store base supports distribution efficiency, purchasing scale, faster unit payback on average stores, and structural market-share gains over the next several quarters.
Negative Factors
Elevated and rising leverage
A sharp increase in debt versus modest equity heightens financial risk and reduces flexibility to absorb shocks. High leverage can magnify earnings volatility, increase interest burden, and constrain the firm's ability to invest or refinance if operating performance weakens over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid store expansion
A sustained, high-velocity rollout (574 net new stores in 2025) materially increases market coverage and densification benefits. Larger store base supports distribution efficiency, purchasing scale, faster unit payback on average stores, and structural market-share gains over the next several quarters.
Read all positive factors
BBB Foods, Inc. Class A (TBBB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.44B
Dividend YieldN/A
Average Volume (3M)596.61K
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue Growth22.71%
EPS Growth-3187.84%
CountryUS
Employees25,300
SectorConsumer Defensive
Sector Strength42
IndustryDiscount Stores
Share Statistics
EPS (TTM)-0.52
Shares Outstanding62,638,440
10 Day Avg. Volume402,069
30 Day Avg. Volume596,614
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)16.74
Price to Sales (P/S)0.94
P/FCF Ratio61.06
Enterprise Value/Market Cap19.72
Enterprise Value/Revenue1.13
Enterprise Value/Gross Profit6.97
Enterprise Value/Ebitda70.25
Forecast
1Y Price Target
$41.20Price Target Upside9.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)-5.04
Revenue Forecast (FY)$102.26B
BBB Foods, Inc. Class A Business Overview & Revenue Model
Company Description
BBB Foods Inc., through its subsidiaries, operates grocery retail stores in Mexico. It offers food products, drinks, hygiene and beauty products, home clean products, coffee, tea and substitutes, jellies and desserts, and baby and pet products. Th...
BBB Foods, Inc. Class A Earnings Call Summary
Earnings Call Date:Mar 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 27, 2026
Earnings Call Sentiment Positive
The call highlights strong, above-guidance execution on rapid store expansion, robust revenue growth (+34% Q4, +36% FY), substantial cash generation (operating cash flow +~25% YoY) and attractive multi-year unit economics (payback ~26 months, 55% cash-on-cash by year three). These positives are partially offset by near-term margin pressure from accelerated openings and distribution center buildouts, a one-time MXN230 million write-off, rising store CapEx and meaningful non-cash share-based compensation that can create dilution depending on future share price. On balance, the operational and top-line momentum materially outweigh the one-time and timing-related challenges, and management provided conservative but growth-oriented guidance for 2026.Positive Updates
Record Store Expansion
Opened 184 net new stores in Q4 and a record 574 net new stores in 2025 (exceeding guidance of 500–550), representing ~21% growth in store openings versus the prior year; continued densification and geographic expansion supported by four new distribution centers in 2025.
Negative Updates
One-Time Accounts Receivable Write-off
Recorded a one-time write-off of MXN230 million related to the termination of the payment terminal provider relationship (receivable outstanding at termination); company is pursuing legal actions and migrated processing to a bank-operated provider.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Store Expansion
Opened 184 net new stores in Q4 and a record 574 net new stores in 2025 (exceeding guidance of 500–550), representing ~21% growth in store openings versus the prior year; continued densification and geographic expansion supported by four new distribution centers in 2025.
Read all positive updates
Company Guidance
Management guided 2026 to same‑store sales growth of 13–16%, 590–630 net new stores, and revenue growth of 29–32%; they updated target unit economics with average CapEx of ~MXN5.5 million per store, a target payback of ~26 months and a ~55% cash‑on‑cash return by year three, noting these targets are based on recent vintages and conservatively exclude any incremental revenue from the additional refrigeration/other initiatives.BBB Foods, Inc. Class A Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
38
Negative
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 73.30B | 57.44B | 44.08B | 31.75B | 23.35B |
| Gross Profit | 11.86B | 9.38B | 7.04B | 4.15B | 3.03B |
| EBITDA | 1.24B | 3.49B | 2.43B | 1.55B | 819.01M |
| Net Income | -2.66B | 334.42M | -306.15M | -550.67M | -825.94M |
Balance Sheet | |||||
| Total Assets | 30.58B | 22.78B | 14.96B | 11.79B | 8.05B |
| Cash, Cash Equivalents and Short-Term Investments | 4.15B | 4.47B | 1.22B | 984.63M | 1.00B |
| Total Debt | 14.00B | 9.20B | 11.91B | 10.55B | 8.13B |
| Total Liabilities | 26.44B | 18.74B | 19.60B | 16.51B | 12.50B |
| Stockholders Equity | 4.13B | 4.03B | -4.63B | -4.71B | -4.45B |
Cash Flow | |||||
| Free Cash Flow | 1.13B | 1.31B | 1.34B | 990.65M | 832.27M |
| Operating Cash Flow | 4.46B | 3.75B | 3.14B | 2.12B | 1.37B |
| Investing Cash Flow | -3.35B | -4.91B | -1.78B | -1.11B | -524.08M |
| Financing Cash Flow | -1.09B | 1.29B | -1.10B | -1.03B | -450.24M |
BBB Foods, Inc. Class A Technical Analysis
Positive
37.64
Price Trends
35.74
Positive
34.36
Positive
30.39
Positive
Market Momentum
0.67
Negative
65.53
Neutral
92.84
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TBBB, the sentiment is Positive. The current price of 37.64 is above the 20-day moving average (MA) of 34.84, above the 50-day MA of 35.74, and above the 200-day MA of 30.39, indicating a bullish trend. The MACD of 0.67 indicates Negative momentum. The RSI at 65.53 is Neutral, neither overbought nor oversold. The STOCH value of 92.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TBBB.
BBB Foods, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $4.85B | 23.80 | 12.00% | 1.02% | 7.25% | 5.42% | |
70 Outperform | $8.77B | 39.79 | 10.71% | ― | 17.23% | ― | |
68 Neutral | $12.02B | 20.97 | 27.41% | ― | 2.82% | 3.77% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | $19.64B | 11.56 | 34.83% | ― | -39.27% | -182.36% | |
55 Neutral | $25.49B | 20.87 | 18.66% | 1.88% | 4.86% | -4.51% | |
52 Neutral | $4.44B | -25.97 | -67.21% | ― | 22.71% | -3187.84% |
* Consumer Defensive Sector Average
TBBB
BBB Foods, Inc. Class A
37.64
10.42
38.28%
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BBB Foods, Inc. Class A Corporate Events
BBB Foods Sets April 29, 2026 Virtual Annual Meeting to Vote on Board Slate and Auditor
Apr 8, 2026
BBB Foods Inc., a British Virgin Islands-incorporated foreign private issuer listed in the U.S., has called its 2026 Annual Meeting of Shareholders for April 29, 2026, to be held virtually via live audio webcast. Shareholders of record as of March...
BBB Foods Files 2025 Form 20‑F, Strengthening Disclosure After NYSE Listing
Apr 2, 2026
BBB Foods Inc., the Mexican hard discount grocery chain operating as Tiendas 3B and listed on the NYSE under ticker TBBB, has built a fast‑growing retail footprint by offering low‑priced, quality products to budget‑conscious shop...
BBB Foods’ 2025 Results Show Strong Growth as Tiendas 3B Accelerates Store Expansion
Mar 11, 2026
BBB Foods Inc., which operates Tiendas 3B, is a major Mexican grocery hard discounter emphasizing low prices, efficient operations, and private-label penetration. With 3,346 stores and 20 distribution centers as of December 31, 2025, the company l...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.