Q4 2025 Bbb Foods Inc Earnings Call Transcript
Key Points
- BBB Foods Inc (TBBB) opened 184 net new stores in the fourth quarter, exceeding their guidance with a total of 574 net openings for the year.
- Same-store sales grew 16.6% in the fourth quarter and 18.3% for the full year, indicating strong customer engagement and sales performance.
- Total revenues increased by 34% in the fourth quarter and 36% for the full year, reaching MXN78 billion.
- The company opened four new distribution centers in 2025, supporting their rapid expansion and operational efficiency.
- Cash flow from operating activities increased by almost 25% year-over-year, reaching MXN4.7 billion, demonstrating strong cash generation capabilities.
- The adjusted EBITDA margin declined by 48 basis points year-over-year in the fourth quarter.
- A one-time charge related to the write-off of an accounts receivable balance of MXN230 million impacted financial results.
- Admin expenses increased by 35 basis points due to investments in new regions and additional talent, affecting overall cost structure.
- The company faces potential dilution from stock-based compensation, with new grants making up around 2% of outstanding shares.
- Higher CapEx per store is expected due to additional refrigeration equipment and larger store formats, potentially impacting future profitability.
Good morning, everyone. My name is Sophia, and I will be your conference operator. Welcome to Tiendas 3B fourth quarter and full year 2025 conference call. (Operator Instructions).
Also, please note that this call is for investors and analysts only. Questions from the media will not be taken nor should the call be reported on.
Any forward-looking statements made during this conference call are based on information that is currently available to us. Today, we are joined by Tiendas 3B Chairman and Chief Executive Officer, Anthony Hatoum; and Chief Financial Officer, Eduardo Pizzuto. I will now turn the call over to Anthony. Please go ahead.
Good morning, and thank you for joining us today. I will begin with a review of our operating results and will be followed by our CFO, Eduardo Pizzuto, who will provide an overview of our financial performance and who will outline our guidance for 2026.
We will conclude with a Q&A session to answer the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
