- Tiendas 3B (TBBB, Financial) reported a 30.3% revenue growth for FY2024.
- The company opened 484 new stores, expanding its total to 2,772 locations.
- EBITDA grew by 51.2% to Ps. 2,847 million in 2024.
Tiendas 3B (TBBB), a renowned Mexican grocery hard discounter, has reported robust financial outcomes for Q4 and the entire year of 2024. The company revealed a significant expansion in its operations with the addition of 484 new stores, elevating its total store count to 2,772.
For the fiscal year 2024, Tiendas 3B achieved total revenues of Ps. 57,439 million, marking a notable 30.3% increase compared to the previous year. Same Store Sales saw a growth of 13.4%. Furthermore, the company's EBITDA increased by 51.2% to Ps. 2,847 million, driven by heightened customer value and strategic store expansions.
In Q4 2024, Tiendas 3B's revenue rose by 32.7% to Ps. 16,347 million. The quarter also recorded an 11.8% Same Store Sales growth and a 51.1% increase in EBITDA, which totaled Ps. 845 million. During this period, the company successfully opened 138 net new stores.
These impressive results are attributed to Tiendas 3B's disciplined execution and efficient market strategy, which included celebrating the one-year anniversary of its IPO and completing a secondary offering in Q1 2025. The company continues to focus on expanding its footprint and enhancing customer value as it moves into 2025.
