BBB Foods (TBBB) Q3 2026 earnings summary

Executive summary

• 3Q26 revenue rose 40.3% YoY to Ps. 28,445 million, with same-store sales growth of 20.5%.

• 141 net stores and 4 distribution centers opened in the quarter; the network reached 3,765 stores and 25 distribution centers.

• EBITDA excluding share-based payment expense increased 60.5% to Ps. 1,877 million; 9M26 operating cash flow was Ps. 7,051 million.

Financial highlights

• 9M26 revenue was Ps. 77,343 million, up 37.7% YoY.

• Q3 gross profit rose 44.8% to Ps. 4,743 million; gross margin expanded 52 bps to 16.7%.

• Q3 operating profit was Ps. 682 million versus an operating loss of Ps. 880 million in 3Q25; net income was Ps. 23 million versus a net loss of Ps. 1,424 million.

• Reported Q3 EBITDA was Ps. 1,327 million; EBITDA excluding non-cash share-based payment expense was Ps. 1,877 million.

• 9M26 operating cash flow was Ps. 7,051 million, versus Ps. 3,095 million in 9M25.

Segment performance

• 141 net stores opened in Q3; 603 net stores were added over the trailing 12 months, bringing the total to 3,765.

• Same-store sales growth accelerated to 20.5% from 17.9% in 3Q25; the measure covers stores operating for at least the full prior 12 months.

• Four distribution centers opened in Q3, bringing the total to 25 at quarter-end.