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TBBB

BBB Foods Inc.

TBBB

BBB Foods Inc. • NYSE
$32.58 ▲ 1.97% (+0.63)
Market Cap $3.74 B
52w High $33.90
52w Low $23.00
Dividend Yield 0%
P/E -36.2
Volume 839.43K
Outstanding Shares 114.77M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $20.036B ▲ $4.124B ▲ $-1.407B ▼ -7.022% ▼ $-12.19 ▼ $-442.806M ▼
Q2-2025 $18.77B ▲ $2.65B ▲ $-286.075M ▼ -1.524% ▼ $-2.5 ▼ $661.325M ▼
Q1-2025 $17.132B ▲ $2.446B ▲ $-86.979M ▼ -0.508% ▼ $-0.76 ▼ $751.704M ▼
Q4-2024 $16.347B ▲ $2.42B ▲ $-23.571M ▼ -0.144% ▼ $-0.21 ▼ $990.265M ▲
Q3-2024 $14.834B $1.991B $257.6M 1.737% $2.3 $945.787M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.886B ▼ $27.105B ▲ $22.828B ▲ $4.277B ▲
Q2-2025 $3.971B ▼ $25.117B ▲ $20.989B ▲ $4.127B ▼
Q1-2025 $4.632B ▲ $23.971B ▲ $19.81B ▲ $4.161B ▲
Q4-2024 $4.469B ▲ $22.777B ▲ $18.742B ▲ $4.035B ▲
Q3-2024 $4.232B $20.889B $16.957B $3.931B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.407B ▼ $1.225B ▲ $-984.388M ▼ $-252.951M ▲ $25.199M ▲ $247.858M ▲
Q2-2025 $-168.825M ▼ $760.321M ▼ $-827.2M ▼ $-357.854M ▲ $-446.014M ▼ $-119.709M ▼
Q1-2025 $25.542M ▼ $1.195B ▼ $-510.429M ▲ $-565.514M ▼ $120.139M ▼ $646.343M ▲
Q4-2024 $96.52M ▼ $1.37B ▲ $-735.448M ▼ $-459.715M ▲ $178.264M ▲ $576.462M ▲
Q3-2024 $323.472M $1.099B $-458.618M $-485.292M $23.665M $446.699M

Five-Year Company Overview

Income Statement

Income Statement BBB Foods shows a classic high-growth discount retailer profile. Sales have climbed sharply each year, more than tripling over the last five years, which means the chain is scaling quickly and gaining customer traction. Profitability has steadily improved along the way: gross profit and operating profit have both grown meaningfully, suggesting the company is managing costs well even while expanding. The most important shift is at the bottom line: the business moved from repeated net losses to a modest profit in the most recent year. That indicates the model is now proving itself economically, not just in terms of sales growth. However, profit levels are still relatively thin for a retailer growing this fast, so execution and cost control remain critical as the company continues to build out its network.

Balance Sheet

Balance Sheet The balance sheet has strengthened but still carries some risk signals. Total assets have grown considerably, reflecting heavy investment in new stores and distribution infrastructure. Debt remains sizable, though not out of line for a rapidly expanding retailer that relies on scale and logistics. The most notable development is that shareholder equity has flipped from negative to positive. This is a key milestone: it means past accumulated losses and financing structures that weighed on the balance sheet have been largely repaired. Even so, leverage and rapid expansion mean the company needs to maintain discipline, as there is less room for major missteps than in a more mature, low-growth balance sheet.

Cash Flow

Cash Flow Cash flow is a clear strength. The company has consistently generated solid cash from its operations, and that operating cash has risen steadily as the store base has grown. After funding capital spending for new stores and logistics, there is still positive free cash flow each year, which is unusual for a retailer expanding at this pace. Capital spending has been increasing, which fits with the aggressive expansion story, but so far it remains comfortably supported by internally generated cash. The business model—helped by fast inventory turnover and favorable supplier terms—appears to convert sales into cash efficiently, giving the company internal fuel for growth rather than relying exclusively on outside financing.

Competitive Edge

Competitive Edge BBB Foods operates in the hard-discount segment, where everyday low prices and convenience matter more than store frills. Its competitive position is built around cost leadership: small, simple stores, a lean assortment, and tight operational efficiency. This has created a strong value proposition for budget-conscious shoppers in Mexico. The company benefits from growing scale—thousands of stores and a broad logistics network—which supports better purchasing terms and lower unit costs. Heavy use of private-label products deepens the moat by allowing better margins and tighter control over quality and pricing. Combined with neighborhood locations and a focused, high-turnover product mix, this creates a defensible niche that is not easy for traditional supermarkets to copy quickly.

Innovation and R&D

Innovation and R&D While not a tech company in the classic sense, BBB Foods has been innovating where it matters for discount retail: supply chain, data, and format. A newer logistics and inventory system has materially improved delivery times and operating costs, strengthening its cost advantage. Data analytics are used to fine-tune the limited product range, keeping shelves filled with fast-moving staples. Looking ahead, the company is experimenting with new product categories such as organics, plant-based foods, and especially perishables through a pilot program. These moves could lift basket size and broaden appeal, but they also add operational complexity and risk if not managed carefully. Continued investment in technology and talent is designed to support this next phase of growth while preserving the low-cost backbone of the model.

Summary

Overall, BBB Foods is transitioning from a high-growth, loss-making discount chain into a high-growth, profitable one with improving financial foundations. Revenue growth has been strong, profitability has turned the corner, and the balance sheet has moved from negative equity to positive, all while free cash flow remains solid and supports ongoing expansion. The company’s edge lies in scale, low-cost operations, private-label strength, and logistics and data capabilities tailored to a hard-discount model. The main opportunities are continued store expansion and thoughtful entry into new product categories, while key risks revolve around execution in managing rapid growth, maintaining cost discipline, handling debt prudently, and integrating more complex fresh and specialty offerings without eroding its efficiency advantage.

NEWS

November 19, 2025 · 4:26 PM UTC

Tiendas 3B 3Q25 Earnings Release

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November 6, 2025 · 11:57 AM UTC

TBBB Invites You to Join Its Third Quarter 2025 Earnings Conference Call

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