BBB Foods Inc. Reports 3Q24 Earnings

TL;DR

BBB Foods (Tiendas 3B) dropped its 3Q24 earnings release on Nov 25th. Check investor site for details.

AI Summary

BBB Foods Inc. announced its third-quarter 2024 earnings release on November 25, 2024. The company, also known as Tiendas 3B, is a foreign private issuer filing a Form 6-K report. Further details on financial performance for the quarter are available via a link to their investor relations website.

Why It Matters

This filing provides investors with the latest financial results for BBB Foods Inc., offering insights into the company's performance and potential future outlook.

Risk Assessment

Risk Level: low — This is a routine earnings release filing, not indicating any unusual or significant negative events.

Key Players & Entities

• BBB Foods Inc. (company) — Registrant
• Tiendas 3B (company) — Company name
• November 25, 2024 (date) — Filing date
• 3Q24 (period) — Earnings period

FAQ

Filing Documents

• earnings_release_3q24.htm (6-K) — 481KB
• img114901614_0.gif (GRAPHIC) — 0KB
• img114901614_1.jpg (GRAPHIC) — 16KB
• img114901614_2.jpg (GRAPHIC) — 85KB
• img114901614_3.jpg (GRAPHIC) — 13KB
• img114901614_4.jpg (GRAPHIC) — 1KB
• img114901614_5.jpg (GRAPHIC) — 16KB
• img114901614_6.jpg (GRAPHIC) — 13KB
• 0000950170-24-130598.txt ( ) — 682KB

forward-looking statements

forward-looking statements This release includes forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. We base these forward-looking statements on our current beliefs, expectations and projections about future events and trends affecting our business and our market. Many important factors could cause our actual results to differ substantially from those anticipated in our forward-looking statements. Forward-looking statements are not guarantees of future performance. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or to revise any forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this release. The words “believe,” “may,” “should,” “aim,” “estimate,” “continue,” “anticipate,” “intend,” “will,” “expect” and similar words are intended to identify forward-looking statements. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, capital expenditures, financing plans, competitive position, industry environment, potential growth opportunities, the effects of future regulation and the effects of competition. Please refer to our annual report on Form 20-F for the year ended December 31, 2023 filed with the U.S. Securities Exchange Commission (the “SEC”), as well as any subsequent filings made by us with the SEC, each of which is available on the SEC’s website ( www.sec.gov ), for a more extensive discussion of the risks and other factors that may impact any forward-looking

Financial Statements

Financial Statements Consolidated Income Statement (Unaudited) For the three months ended September 30, 2024 and September 30, 2023 (In thousands of Mexican pesos) For the Three Months Ended September 30, 2024 2023 % Change Revenue From Sales of Merchandise Ps. 14,807,698 Ps. 11,399,566 29.9% Sales of Recyclables 26,108 25,609 1.9% Total Revenue 14,833,806 11,425,175 29.8% Cost of Sales (12,490,108) (9,618,847) 29.9% Gross Profit Ps. 2,343,698 Ps. 1,806,328 29.7% Gross Profit Margin 15.8% 15.8% Sales Expenses (1,498,500) (1,218,570) 23.0% Administrative Expenses (494,399) (374,347) 32.1% Other Income (Expense) - Net 1,770 (2,865) n.m. Operating Profit Ps. 352,569 Ps. 210,546 67.5% Operating Profit Margin 2.4% 1.8% Financial Income 47,642 7,388 544.9% Financial Costs (286,930) (298,527) (3.9%) Exchange Rate Fluctuation 210,191 (145,667) n.m. Financial Cost - Net (29,097) (436,806) (93.3%) Profit (Loss) Before Income Tax 323,472 (226,260) n.m. Income Tax Expense (65,872) (112,791) (41.6%) Net Profit (Loss) for the Period Ps. 257,600 (Ps. 339,051) n.m. Net Profit Margin 1.7% (3.0%) Basic Earnings (Loss) per Share 2.30 (28.25) Diluted Earnings (Loss) per Share 1.89 (28.25) Weighted Average Common Shares Outstanding: Basic 112,200,752 12,000,000 Diluted 136,283,972 12,000,000 EBITDA Reconciliation Net Profit (Loss) for the Period Ps. 257,600 (Ps. 339,051) n.m. Net Profit Margin 1.7% (3.0%) Income Tax Expense 65,872 112,791 (41.6%) Financial Cost - Net (29,097) (436,806) (93.3%) D&A 335,385 236,225 42.0% EBITDA Ps. 687,954 Ps. 446,771 54.0% EBITDA Margin 4.6% 3.9% 12 Earnings Release 3Q24 Consolidated Income Statement (Unaudited) For the nine months ended September 30, 2024 and September 30, 2023 (In thousands of Mexican p

View Full Filing

View this 6-K filing on SEC EDGAR