Sales growth at 3B Stores was higher compared to the corresponding ANTAD store average.
Comparable sales at 3B Stores grew 11.6% in the third quarter of 2024 on a year-over-year basis.
In doing so, these sales outpaced growth in the Mexican hard-discount supermarket retail segment, according to ANTAD (Asociación Nacional de Tiendas de Autoservicio y Departamentales) data.
3B stores
At the end of 2023, ANTAD’s member retail chains had a combined total of more than 48,000 stores. The total sales area of these stores totaled more than 22.1 million square meters.
According to BBB Foods Inc, owner of 3B Stores, this performance highlights its success in providing customers with what they want: high-quality products at low prices in convenient locations.
During the third quarter of 2024, BBB Foods opened 131 net new stores, for a total of 346 new stores from January through September of the current year. This brought the company’s total to 2,634 units.
Overall, the company’s revenues grew nearly 30% in the third quarter of 2024, on a year-over-year basis. Its EBITDA increased 54%, with the highest margin. The latter metric was driven by dilution of operating expenses on a larger sales base.
As it moves forward, BBB Foods believes it remains focused on its core principles. It defines them this way: delivering value through compelling offerings, disciplined execution and rapid store expansion. The company is confident that these pillars will continue to drive sustainable growth and create value for its shareholders.
ANTAD
This Association is made up of self-service store chains such as Walmart, HEB, Ley, Costco and La Comer. Also affiliated are department store chains such as Liverpool, Sears, Suburbia, Coppel and Sanborns. In addition, specialty and convenience store chains such as Oxxo, Office Depot, Farmacias del Ahorro, Nutrisa and Steren also participate.
From January to September 2024, the accumulated growth of ANTAD’s same stores was 4.6%. The corresponding increase in total stores was 7.6 percent.