BBB Foods Inc. Files 6-K with Preliminary Financials
Ticker: TBBB · Form: 6-K · Filed: Feb 3, 2025 · CIK: 1978954
| Field | Detail |
|---|---|
| Company | Bbb Foods Inc (TBBB) |
| Form Type | 6-K |
| Filed Date | Feb 3, 2025 |
| Risk Level | low |
| Pages | 9 |
| Reading Time | 10 min |
| Key Dollar Amounts | $1, $2.92 billion, $2.93 billion, $5.49, $29.09 |
| Sentiment | neutral |
Sentiment: neutral
Topics: filing, financial-update, retail
TL;DR
BBB Foods Inc. dropped a 6-K update on Feb 3rd, giving investors a peek at their financials and recent biz news.
AI Summary
BBB Foods Inc. filed a 6-K report on February 3, 2025, providing preliminary financial information and recent business developments. The report is for the month of February 2025 and is filed under the Securities Exchange Act of 1934. BBB Foods Inc. is a foreign private issuer based in Mexico City, Mexico, operating in the grocery store retail sector.
Why It Matters
This filing provides investors with an update on BBB Foods Inc.'s financial status and business operations, offering transparency into the company's performance.
Risk Assessment
Risk Level: low — This is a routine filing providing preliminary information and does not indicate any immediate or significant risks.
Key Numbers
- February 2025 — Reporting Period (The report covers developments for the month of February 2025.)
- February 3, 2025 — Filing Date (The date the 6-K form was filed with the SEC.)
Key Players & Entities
- BBB Foods Inc. (company) — Registrant
- 001-41954 (company) — SEC File Number
- Mexico City, Mexico (company) — Principal Executive Office Location
FAQ
What is the primary purpose of this 6-K filing?
The primary purpose is to provide investors with certain disclosure and preliminary financial information and recent developments in BBB Foods Inc.'s business and results of operations.
What is BBB Foods Inc.'s industry classification?
BBB Foods Inc. is classified under RETAIL-GROCERY STORES [5411].
Where is BBB Foods Inc. headquartered?
BBB Foods Inc.'s principal executive office is located at Av. Presidente Masaryk 8, Polanco V Sección, Miguel Hidalgo, Mexico City, Mexico, 11560.
Is BBB Foods Inc. required to file an annual report on Form 20-F or 40-F?
Yes, BBB Foods Inc. indicates it files annual reports under cover of Form 20-F.
What is the SEC file number for BBB Foods Inc.?
The SEC file number for BBB Foods Inc. is 001-41954.
Filing Stats: 2,589 words · 10 min read · ~9 pages · Grade level 9.8 · Accepted 2025-02-03 16:38:14
Key Financial Figures
- $1 — dollars at the rate of Ps.19.629 per US$1.00, the exchange rate to pay foreign cu
- $2.92 billion — Ps.57.4 billion and Ps.57.5 billion (US$2.92 billion and US$2.93 billion) for full year 2024
- $2.93 billion — Ps.57.5 billion (US$2.92 billion and US$2.93 billion) for full year 2024, which represents a
- $5.49 — — — 40,943,724 US$5.49 Shares issuable upon exercise of Opti
- $29.09 — ) 1,310,000 — — US$29.09 Shares subject to RSUs granted under
- $30.00 — 2022; Price per Class A common share: US$30.00 • Weighted average exercise pr
Filing Documents
- trinity_-_recent_develop.htm (6-K) — 93KB
- img24858335_0.jpg (GRAPHIC) — 27KB
- img24858335_1.jpg (GRAPHIC) — 140KB
- img24858335_2.jpg (GRAPHIC) — 152KB
- 0000950170-25-012368.txt ( ) — 533KB
From the Filing
6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13 a -16 or 15 d -16 UNDER the Securities Exchange Act of 1934 For the month of February 2025 Commission File Number: 001-41954 BBB Foods Inc. (Exact name of registrant as specified in its charter) N/A (Translation of registrant’s name into English) Av. Presidente Masaryk 8 Polanco V Sección, Miguel Hidalgo Mexico City, Mexico 11560 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F  Form 40-F  BBB Foods Inc. (“we,” “us” and “our”) has prepared this report to provide our investors with certain disclosure and preliminary financial information and recent developments in our business and results of operations as of and for the year ended December 31, 2024. The information in this report supplements information contained in our annual report on Form 20-F for the year ended December 31, 2023 (File No. 001-41954), filed with the U.S. Securities and Exchange Commission (the “Commission”) on April 30, 2024 (our “2023 Form 20-F”). All references in this report to “Ps.” are to Mexican pesos and all references to “US
amp;#x201d; are to U.S. dollars. For the convenience of the reader, we have translated certain Mexican peso amounts into U.S. dollars at the rate of Ps.19.629 per US$1.00, the exchange rate to pay foreign currency denominated obligations due on September 30, 2024 published by the Mexican Central Bank in the Mexican Federal Official Gazette ( Diario Oficial de la Federación ) Full Year 2024 Update Financial Update Based upon preliminary information available to us as of the date hereof, we expect to have total revenue between Ps.57.4 billion and Ps.57.5 billion (US$2.92 billion and US$2.93 billion) for full year 2024, which represents an approximate increase of between 30.2% and 30.4% compared to full year 2023. We expect our operating income for full year 2024 to increase compared to full year 2023. We note that during 2024, we incurred expenses of between Ps.140 million and Ps.165 million for the year which we believe were largely non-recurring and related to our initial public offering in 2024 (our “IPO”) and our transition to a public company and associated reporting, compliance and other obligations. Approximately fifty to sixty percent of these expenses were incurred during the fourth quarter of 2024, which will affect our margins for that quarter. Key Operating Metrics Update During 2024, we had 484 net new store openings to reach 2,772 total stores as of December 31, 2024, which represents a 21.1% increase in our store count compared to year-end 2023. We estimate our Same Store Sales growth for 2024 to be approximately 13.4%, which was underpinned by an estimated increase in average ticket size from Ps.82.4 in 2023 to approximately Ps.85.4 in 2024 and an estimated increase in transactions per store per month (considering stores from vintages with five or more years of operations) from 25.6 thousand in 2023 to approximately 26.8 thousand in 2024. Our private label penetration also increased, with sales from private labels representing an estimated 54% of our sales in 2024 compared to 46.5% in 2023. 2024 (1) 2023 Variation (%) Number of Stores Opened 484 396 22.2% Number Distribution Centers 16 14 14.3% Same Store Sales Growth (%) (2) 13.4% 17.6% (420 bps) Private label sales (% of total sales of merchandise) ~54% 46.5% 710 bps Average Ticket Size (3) ~Ps. 85.4 Ps. 82.4 3.64% Number of Transactions per Store (thousands) (4) ~26.8 25.6 4.69% (1) Preliminary information and estimates subject to change. (2) We measure “Same Store Sales” using revenue from sales of merchandise from stores that were operational for at least the full preceding 12 months for the periods under consideration. When calculating this measure, we exclude stores that were temporarily closed (for one month or more) or permanently closed during the periods under consideration. We measure Same Store Sales growth by comparing the Same Store Sales of stores that were open during the measurement periods. (3) We calculate average ticket size by dividing revenue from sales of merchandise by total number of transactions. (4) Average transactions per store per month only reflects stores from vintages with five or more years of operations. We caution you that the foregoing results are subject to risks and uncertainties, and actual results may differ materially. These preliminary results should not be viewed as a substitute for full annual financial statements prepared in accordance with international financial reporting standa