BBB Foods Reports Strong Q4 and Full-Year 2025 Results

Rapid store growth, rising cash flow, and one-time write-off highlight earnings call

Mar. 12, 2026 at 9:23pm

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Tiendas 3B parent company BBB Foods (NYSE:TBBB) reported what management described as another quarter of 'excellent performance' in Q4 2025, driven by rapid store growth, strong same-store sales, and rising operating cash flow, according to remarks on the company's earnings call. The company exceeded its full-year 2025 store opening guidance, opened two new distribution centers, and saw double-digit same-store sales gains.

Why it matters

BBB Foods' strong results highlight the company's ability to rapidly expand its footprint in Mexico while maintaining solid operational and financial performance. The company's focus on value, private label products, and investments in infrastructure have helped drive growth and position it as one of the fastest-growing retailers in Latin America.

The details

BBB Foods reported Q4 2025 revenue of MXN 22 billion, up 34% year-over-year, and full-year 2025 revenue of MXN 78 billion, up 36% year-over-year. Same-store sales increased 16.6% in Q4 and 18.3% for the full year. The company opened 184 net new stores in Q4 and 574 for the full year, exceeding its guidance. It also opened two new distribution centers in Q4, bringing the 2025 total to four. Management attributed the strong performance to disciplined expansion, improvements to the customer value proposition, and investments in operating infrastructure. The company did record a one-time MXN 230 million write-off related to the termination of a payment terminal provider relationship.

  • In the fourth quarter of 2025, BBB Foods opened 184 net new stores.
  • For the full year 2025, BBB Foods opened 574 net new stores, exceeding its guidance of 500-550 stores.
  • In the fourth quarter of 2025, BBB Foods opened two new distribution centers, bringing the 2025 total to four.

The players

Anthony Hatoum

Chairman and CEO of BBB Foods.

Eduardo Pizzuto

CFO of BBB Foods.

BBB Foods

The parent company of the Tiendas 3B grocery store chain in Mexico.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

The takeaway

BBB Foods' strong financial and operational performance, driven by rapid store expansion, improving customer value proposition, and investments in infrastructure, positions the company as one of the fastest-growing retailers in Latin America. The company's focus on private label products, value, and community-oriented approach has helped it thrive in a competitive market.