The following is a summary of the BBB Foods Inc. (TBBB) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Tiendas 3B reported a substantial year-on-year increase in total revenue of 27.5% for Q2 2024, reaching PS. 13.6 billion.

• EBITDA for the quarter rose significantly by 43.2% to PS. 689 million.

• The company achieved a net cash position of approximately PS. 1.2 billion, with PS. 2.8 billion in short-term bank deposits.

• Gross profit margins improved by 60% to 16.7% in the second quarter, mainly due to improved supplier terms.

Business Progress:

• Opened 121 net new stores and one new distribution center, bringing total store count to 2,503.

• Achieved a same-store sales growth of 10.7%.

• Store expansion remains on track, with plans to open between 380 and 420 new stores in 2024.

Opportunities:

• Continuous revenue growth driven by expanding store network and strong underlying demand.

Risks:

• Sales slightly impacted by external factors such as timing of Easter weekend, decreased inflation, government payment shifts, election-related restrictions, and weather effects.

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