BBB Foods Inc · Q1 2026 earnings

Briefing

Tiendas 3B Q1 2026: Ps. 22.9B revenue (+33%), 123 net new stores, net loss Ps. 558M

BBB Foods (Tiendas 3B) reported Q1 2026 results on May 6, 2026, with total revenue of Ps. 22.86 billion, up 33.4% year-over-year, driven by 16.0% same-store sales growth and 580 net new stores opened over the trailing twelve months. The company opened 123 net new stores in the quarter, reaching 3,469 locations. Gross profit rose 35.0% to Ps. 3.70 billion (16.2% margin, +19 bps). Reported EBITDA was Ps. 554 million but excluding Ps. 722 million non-cash share-based payment expense, adjusted EBITDA was Ps. 1.28 billion (+38.9% YoY) at a 5.6% margin. The company posted a net loss of Ps. 558 million (basic EPS Ps. -4.76) versus Ps. 87 million prior year, weighed down by share-based compensation, higher administrative costs, and financial costs of Ps. 457 million. Operating cash flow was Ps. 1.96 billion (+64.1%). Cash and equivalents were Ps. 1.34 billion plus $151 million USD deposits at March 31.

• Revenue Ps. 22.86 billion (+33.4% YoY) with same-store sales growth of 16.0% and 123 net new stores.
• Store count reached 3,469 with 20 distribution centers; gross profit Ps. 3.70 billion at 16.2% margin.
• Adjusted EBITDA (ex. share-based pay) Ps. 1.28 billion (+38.9%); reported EBITDA Ps. 554 million.
• Net loss Ps. 558 million (EPS Ps. -4.76) on Ps. 722 million share-based payment and higher admin costs.
• Operating cash flow Ps. 1.96 billion (+64.1%); conference call scheduled May 7, 2026.

Headline financials

Revenue & EPS history