From The Motley Fool · David Kretzmann · · 50s
BBB Foods Sales Jump 20.5% in Q3
BBB Foods same-store sales surge 20.5% as earnings report shows profit turnaround.
In brief
BBB Foods same-store sales surge 20.5% as earnings report shows profit turnaround. BBB Foods reported 20.5% same-store sales growth and a profit of 23 million pesos in Q3, driven by older stores and reduced stock-based pay. Originally reported by The Motley Fool.
Q3 Earnings Report
BBB Foods reported 28.4 billion pesos revenue up 40.3% year over year.
Same-Store Sales Growth
Same-store sales rose 20.5% compared with 17.9% growth a year ago.
Profit Turnaround
Net profit reached 23 million pesos after a loss of 1.4 billion pesos.
Margin Improvement
Gross margin increased to 16.7% from 16.2% in the previous year.
Cash Flow Strength
Operating cash flow was 2.5 times store spending, indicating strong liquidity.
The one thing
BBB Foods reported 20.5% same-store sales growth and a profit of 23 million pesos in Q3, driven by older stores and reduced stock-based pay.
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