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Earnings Call Summary | BBB Foods Inc.(TBBB.US) Q1 2024 Earnings Conference

Futu News ·  May 24 03:36  · Conference Call

The following is a summary of the BBB Foods Inc. (TBBB) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • BBB Foods reported strong Q1 2024 results with 94 new stores leading to increased same-store sales growth of 14.8%, and revenue growth of 13.9%.

  • Significant growth of 36.4% in operating cash flow driven by a 57.9% surge in EBITDA.

  • The quarter concluded positively with net cash of Ps. 4.3 billion, due to proceeds from the IPO and organic operating cash flow.

Business Progress:

  • There is a marked increase in store count in Q1 2024, showing a 27% growth compared to Q1 2023.

  • The company identifies Mexico as a potential market for no less than 12,000 BBB store locations.

  • Annual store openings maintain a steady CAGR of over 15% from 2019 to 2023, reflecting commitment to organic growth.

  • Focusing on speed and efficiency in growth strategy with an added interest in private label product sales.

  • Despite potential currency depreciation, BBB Foods demonstrates confidence due to prior experience with market fluctuations.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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