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BBB Foods Inc. (TBBB) Q3 2024 Earnings Call Transcript Summary

Futu News ·  Nov 27 05:54  · Conference Call

The following is a summary of the BBB Foods Inc. (TBBB) Q3 2024 Earnings Call Transcript:

Financial Performance:

  • BBB Foods Inc. reported a robust financial performance for Q3 2024 with total revenues increasing by 29.8% year-on-year to PS.14.8 billion.

  • EBITDA for the quarter was PS.688 million, up 54% compared to the previous year.

  • Net cash flows from operating activities for the first nine months reached approximately PS.2.3 billion, a 22.4% increase year-on-year.

  • The company maintains a strong cash position, ending the quarter with a net cash balance of approximately PS.1.3 billion.

Business Progress:

  • Opened 131 new stores in Q3, reaching a total of 2,634 stores by the end of September 2024.

  • Same-store sales grew by 11.6% year-over-year.

  • Continues to self-fund its rapid growth and operational expansion, including the opening of two new distribution centers.

Opportunities:

  • The company plans to solidly meet its store opening guidance for 2024, signaling continuous expansion and market penetration.

Risks:

  • There was a sequential decline in gross margins, indicating potential volatility in profitability despite overall revenue growth.

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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