BBB Foods, the Mexican parent of discount grocery chain Tiendas 3B, reported 20% same-store sales growth in the second quarter, driving revenue to 26 billion pesos, or roughly $1.5 billion, up 38.7% year over year. The company added 155 new stores in the quarter to reach 3,624 locations, expanding its base by about 16% annually, and plans to at least quadruple its footprint to 14,000 stores over the long term. Adjusted EBITDA margin, excluding share-based compensation, was 6.1%, and the company's price-to-sales ratio stands at 1. Tiendas 3B operates small-format stores of 3,000 to 4,500 square feet with private-label products accounting for more than 58% of merchandise sales, a model similar to Trader Joe's and Aldi.
BBB Foods Inc.Reports 20% same-store sales growth and 38.7% revenue increase, indicating strong customer demand.
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