BBB Foods, Inc. Class A (TBBB) has released an update.
BBB Foods Inc., a leading Mexican grocery hard discounter, has reported a robust first quarter in 2024 with a 30.9% surge in total revenue and a notable 57.9% increase in EBITDA compared to the same quarter last year. The company successfully opened 94 new stores, contributing to a significant sales growth and improved margins due to efficient cost management and effective supplier negotiations. Despite a net loss for the quarter, largely attributed to IPO-related expenses and foreign exchange impacts, the company remains in a strong cash position with aggressive expansion plans.
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