What is the market's earnings forecast for BBB Foods next quarter?

What is the revenue and EPS growth rate for BBB Foods year over year?

What is BBB Foods's latest dividend and current dividend yield?

What is BBB Foods's gross profit margin?

What were the key takeaways from BBB Foods's earnings call?

What guidance did BBB Foods's management provide for the next earnings period?

What does BBB Foods do and what are its main business segments?

What were the key takeaways from BBB Foods’s earnings call?

- **Revenue Surge**: Q4 2025 revenue up 34% YoY to MXN 22B, with full-year growth of 36% to MXN 78B.
- **Store Expansion**: Opened 574 net new stores in 2025, exceeding 500-550 guidance, with 4 new distribution centers.
- **Profitability**: Adjusted EBITDA rose 30% annually to MXN 4.4B, driven by same-store sales growth and cost control.
- **Private Label Dominance**: 58% of merchandise sales in 2025, up from 54% in 2024, supporting deflationary pricing strategy.
- **2026 Outlook**: Targets 13-16% same-store sales growth, 590-630 new stores, and 29-32% revenue growth, with 55% cash-on-cash returns on new stores.

**【CEO Summary Section】**
- **Revenue Growth**: Q4 2025 revenue reached MXN 22 billion, up 34% YoY. Full-year revenue was MXN 78 billion, a 36% increase. Same-store sales grew 16.6% Q4 and 18.3% annually.
- **Store Expansion**: Opened 184 net new stores in Q4, totaling 574 for the year (vs. 500-550 guidance). Added 4 new distribution centers.
- **EBITDA Performance**: Adjusted EBITDA (excluding non-cash items) rose 23% Q4 to MXN 1.2 billion, and 30% annually to MXN 4.4 billion.
- **Cash Flow**: Operating cash flow reached MXN 4.7 billion, a 24% YoY increase.
- **Private Label Growth**: Private label sales accounted for 58% of total merchandise in 2025, up from 54% in 2024.

**【CFO Financial Commentary】**
- **Expense Management**: Sales-to-expense ratio improved to 10.5% from 11.7% YoY. Admin expenses (excluding share-based pay) rose 35bps due to new region investments.
- **Guidance 2026**: 
  - Same-store sales: 13-16% growth
  - Store openings: 590-630 net new
  - Revenue: 29-32% growth
  - Unit economics: 55% cash-on-cash return by year 3 (MXN 5.5M per store)
- **One-Time Charge**: MXN 230M asset write-off from terminated payment terminal provider.

**【Q&A Highlights】**
- **Stock-Based Compensation**: 2025 grants totaled 2% of outstanding shares, driven by talent retention and growth. Dilution depends on share price.
- **Store Economics**: New stores with higher CapEx (e.g., additional refrigeration) target 26-month payback, excluding incremental sales potential.
- **Expansion Strategy**: Consistent regional performance; no underperforming regions. Larger store formats and new builds reflect strategic real estate planning.
- **Payment Processing**: Switched to top-3 bank terminals with no disruption; transaction fees remain competitive.


BBB Foods Inc. (TBBB) Q4 2025 Earnings Call Transcript

- **Sustained Growth**: 36.7% revenue rise, 17.9% same-store sales.\n- **Liquidity Risk**: 2025 EBITDA guidance cautious due to macro volatility.\n- **Execution Risks**: Talent constraints, perishables testing delays, and macroeconomic sensitivity.

**【CEO Summary Section】**
- Opened 131 net new stores in Q3, bringing total to 3,162. Same-store sales grew 17.9%, driving total revenue to MXN 20.3 billion (36.7% YoY increase). EBITDA rose 43.6% to MXN 1.2 billion. Net cash position of MXN 1.1 billion.\n- Older stores (2005 vintage) show EBITDA margins comparable to other hard discounters. 14,000+ store potential in Mexico.\n- Brand equity strengthens as newer stores see faster sales ramps. 528 LTM store openings.\n\n**【CFO Financial Commentary】**
- EBITDA up 43.6% to MXN 1.2 billion. Negative working capital improved to 10.8% of revenue.\n- Admin expenses +16bps due to regional expansion.\n- 2025 EBITDA margin guidance maintained despite Q3 volatility.\n\n**【Q&A Highlights】**\n- Gross margin improvement driven by scale; 7% EBITDA target.\n- 2025 EBITDA +30% YoY.\n- 60%+ cash-on-cash returns on new stores.\n- No 2026 equity reserve; talent density key to growth.\n- Perishables testing positive; no immediate category saturation.\n- Operating leverage delayed by rapid expansion (50%+ stores opened in last 3 years).

BBB Foods Inc. (TBBB) Q3 2025 Earnings Call Transcript

- **Store Growth Acceleration**: 259 new stores in H1 (38% YoY revenue growth), 4 new regions opening in H2. 
- **Exceptional SSS Growth**: 17.7% YoY driven by value proposition, not inflation. 
- **Strong Cash Flow**: MXN 1.9B operating cash flow (56% YoY), self-funded expansion. 
- **Margin Management**: EBITDA up 22.5% despite logistics costs; 32% growth ex-non-cash expenses. 
- **Sustainability**: Negative working capital (-MXN 7B LTM) funding rapid expansion.

**【CEO Opening Remarks】**
- Q2 2025: Opened 142 net new stores, bringing total to 3,031. Store openings accelerated to 259 in first half (vs. 215 in 2024H1). Same-Store Sales (SSS) grew 17.7% YoY, total revenue up 38.3% to MXN 18.8B. EBITDA rose 22.5% to MXN 844M, with cash flow from operations at MXN 1.9B (56% YoY increase). 
- Key drivers: Value proposition improvements, ticket size growth, and items per basket. 4 new regions to be opened in H2, requiring significant logistics and personnel investment.

**【CFO Financial Commentary】**
- Sales expenses as % of revenue rose 10.4% → 10.5% due to store opening acceleration (45% of stores <3 years old). Admin expenses increased 31bps to 3.9% due to MXN 111M non-cash share-based payments.
- EBITDA margin declined 58bps to 4.5% (32% growth ex-non-cash expenses). Logistics costs rose with new region openings. Working capital remains negative (-MXN 7B LTM), funding growth internally.

**【Q&A Highlights】**
- **SSS Growth Drivers**: Value proposition improvements, not inflation. SSS growth ex-fresh pilots still strong. 
- **New Regions**: Opened near existing regions for branding continuity. 40-60 stores launched, scaling to 150-store efficiency. 
- **Private Label**: Penetration increasing; 2025 PL penetration data to be disclosed in Q4. 
- **Leases**: Higher expenses due to store expansion and cold room equipement. No upfront payments. 
- **Equity Plans**: Ongoing awards within market parameters; 2024 plan non-cash expenses to peak in 2028. 
- **Marketing**: Relies on word-of-mouth and social media; formal campaigns tested but hard to attribute sales impact.

BBB Foods Inc. (TBBB) Q2 2025 Earnings Call Transcript

- **Revenue Surge**: 35% YoY growth driven by 13.5% same-store sales and 117 new stores, outpacing industry peers.
- **Expansion Momentum**: 507 stores opened in 12 months, accelerating from 416 prior, with focus on market saturation.
- **Cash Flow Strength**: 49% YoY increase in operating cash flow to MXN 1.1 billion, supporting self-funded growth.
- **Strategic Investments**: Share-based compensation (1.2% of sales) and AI integration to enhance talent and operational efficiency.
- **Resilience in Downside**: Basic goods sales remain stable in a challenging consumer environment, benefiting from negative working capital dynamics.

**【CEO Opening Remarks】**
- **Revenue Growth**: Total revenue reached MXN 17.1 billion, up 35% YoY, driven by 13.5% same-store sales growth and 117 net new stores opened.
- **Store Expansion**: Accelerated store openings to 507 over the past 12 months (vs. 416 in the prior year), with a focus on increasing density in existing markets.
- **Financial Highlights**: EBITDA rose 12% to MXN 705 million, and cash flow from operations increased 49% YoY to MXN 1.1 billion. Net cash position stood at MXN 1.6 billion.
- **Competitive Advantage**: Same-store sales growth outpaced industry benchmarks, reflecting the company's value proposition and operational efficiency.

**【CFO Financial Commentary】**
- **Sales Expenses**: Increased to 10.3% of revenue (from 10.2%) due to accelerated store openings, with full costs incurred before revenue recognition.
- **Admin Expenses**: Rose 60bps to 4.1% of revenue, including MXN 84 million in noncash share-based payments, supporting talent investments for future growth.
- **Cash Flow Dynamics**: Negative working capital expanded to MXN 6.5 billion (10.5% of revenue), enabling self-funding of growth initiatives.
- **Profitability**: Margin compression to 4.1% (from 4.9%) due to investments in talent, IT, and new regions.

**【Q&A Highlights】**
- **Talent and Technology**: Share-based compensation (1.2% of sales) is a strategic investment to retain talent and drive innovation, with plans to integrate AI into operations.
- **Store Density Strategy**: Focus on saturating existing markets (e.g., Mexico City) before expanding into new regions, leveraging brand recognition for faster store maturity.
- **Supply Chain Efficiency**: Distribution centers are located based on store clusters to optimize logistics, with new centers opening within 3-6 months.
- **Consumer Resilience**: Strong performance in a challenging macro environment, with basic goods sales resistant to spending cuts.
- **Tariff and Trade Impact**: Business model benefits from inflation and economic downturns, with minimal reliance on U.S. trade dynamics.


BBB Foods (TBBB)-8 May 25-2025 Q1 Earnings call transcript

- **Revenue Surge**: Q4 revenue up 32.7% YoY to MXN16.3B, driven by 138 new stores and 11.8% same-store sales growth vs. industry's 2.6%.
- **Private Label Dominance**: 54% of sales now private label (vs. 47% 2023), fueling 3.6% ticket size growth and customer retention.
- **EBITDA Explosion**: Q4 EBITDA up 51% YoY to MXN845M; full year EBITDA growth 51% to MXN2.8B, backed by 10.6% negative working capital.
- **2025 Ambition**: Target 26%-29% revenue growth, 500-550 new stores, and 11%-14% same-store sales expansion, despite economic headwinds.
- **Fruit/Veg Expansion**: Testing fresh categories; if successful, could add ~200bps to EBITDA margin within 3 years.


**【CEO Opening Remarks】**
- **Store Expansion**: Opened 138 net new stores in Q4 and 484 for the full year, exceeding 2023 by 21%. Ended the year with over 2,000 stores, expanding into new geographies and adding 2 new distribution centers.
- **Revenue Growth**: Q4 revenue rose 32.7% YoY to MXN16.3 billion; full year revenue up 30.3% to MXN57.4 billion. Same-store sales grew 11.8% Q4 and 13.4% annually, outpacing industry (ANTAD: 2.6% Q4).
- **Private Label Penetration**: Private labels now account for 54% of sales (vs. 47% in 2023), driving ticket size and customer loyalty. Newer store cohorts show higher sales growth and faster adoption of value propositions.
- **Cash Flow**: Generated MXN3.749 billion in operating cash flow (19.4% YoY increase), ending with MXN1.4 billion net cash and USD150 million from IPO.

**【CFO Financial Highlights】**
- **EBITDA Performance**: Q4 EBITDA of MXN845 million (5.2% margin), up 51% YoY; full year EBITDA MXN2.8 billion (5% margin), also up 51%.
- **Cost Structure**: SG&A as % of revenue rose 96bps to 15.2% Q4, driven by non-recurring costs (47bps) and growth-related expenses. Admin expenses increased 56bps to 3.4%, with 11bps from legal and follow-on offering costs.
- **Negative Working Capital**: Maintained strong cash generation with negative working capital at 10.6% of revenue, enabling self-funding of growth.
- **2025 Guidance**: 
  - Same-store sales: 11%-14% growth
  - Revenue: 26%-29% increase
  - Store openings: 500-550 new locations

**【Key Q&A Takeaways】**
- **Store Density & Expansion**: No signs of saturation; focus on backfilling urban areas and entering new regions. 2025 will add 4 new regional teams to accelerate openings.
- **Private Label Strategy**: Continuous testing of 60+ products; fruits/veggies and meats in pilot phase. Long-term goal to mirror BİM's 80% private label mix in Turkey.
- **Competitive Edge**: Stronger value proposition and operational efficiency allow outperformance during economic slowdowns. ANTAD's 2.6% Q4 growth vs. 3B's 11.8% highlights market share shift.
- **Gross Margin Trend**: Long-term upward trajectory as scale improves purchasing power, but quarterly volatility expected.
- **Risk Management**: Economic uncertainty planned for; 2025 admin expenses expected to trend down as % of sales with operational leverage.


Actual	-0.0459	-0.1005	0.1608	0.0959	-0.0077	-0.0371	-0.1333	0.007	-0.2737
Forecast	0.0118	-0.0206	0.0218	0.0516	0.1035	0.0072	-0.0501	-0.5472	-0.2861
Surprise	-488.98%	-387.86%	+637.61%	+85.85%	-107.44%	-615.28%	-166.07%	+101.28%	+4.33%

Actual	725.08M	765.37M	740.07M	752.85M	784.03M	836.22M	1.00B	1.11B	1.23B
Forecast	736.55M	755.81M	749.04M	769.38M	781.43M	801.32M	977.99M	1.10B	1.21B
Surprise	-1.56%	+1.26%	-1.20%	-2.15%	+0.33%	+4.36%	+2.31%	+0.95%	+1.68%

TBBB

TBBB fundamentals

TBBB Q4 2025 Earnings

Earnings Call

You can ask Aime

TBBB

TBBB fundamentals

TBBB Q4 2025 Earnings

Earnings Call

TBBB Earnings Call Summary for Q4/202512:00 PM on Mar 12, 2026

TBBB Earnings Call Summary for Q3/202511:00 AM on Nov 20, 2025

TBBB Earnings Call Summary for Q2/202512:00 PM on Aug 12, 2025

TBBB Earnings Call Summary for Q1/202512:00 PM on May 8, 2025

TBBB Earnings Call Summary for Q4/202412:00 PM on Apr 10, 2025

You can ask Aime