BBB Foods (TBBB) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 12:32 PM CDT 21 min read

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DATE

Thursday, May 7, 2026 astatine 12 p.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Anthony Hatoum

• Chief Financial Officer — Eduardo Pizzuto

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Full Conference Call Transcript

Anthony Hatoum: Good morning, and convey you for joining america today. I volition statesman with a reappraisal of our operating results for the 4th and volition beryllium followed by our CFO, Eduardo Pizzuto, who volition supply an overview of our fiscal performance. We volition reason with a Q&A league to reply the questions you whitethorn have. We delivered different 4th of fantabulous show and started the twelvemonth with beardown momentum. Let maine concisely item a fewer cardinal results from the quarter. We opened 123 nett caller stores successful the 4th for a full of 3,469 stores, bringing LTM nett store openings to 580. As of the extremity of the quarter, we had 20 organisation centers up and running.

Our same-store income grew 16% versus 2025. Revenues successful 2026 accrued by 33% twelvemonth implicit twelvemonth to $23 cardinal pesos. Reported EBITDA successful the archetypal 4th was $554 cardinal pesos. If we exclude non-cash share-based compensation, EBITDA accrued by 39% to scope $1.3 cardinal pesos. Finally, for the archetypal 3 months of 2026, currency travel generated from operating activities reached $2 cardinal pesos, a 64% summation twelvemonth implicit year. When we look astatine store openings, we opened 123 nett caller stores successful the archetypal quarter. For the past 12 months, we opened 580 nett caller stores, a 20% maturation compared to the fig of stores reported successful March 2025. Our enlargement strategy remains consistent.

We proceed to densify existing regions portion gradually expanding into caller ones. Revenue maturation remained strong. We proceed to beryllium 1 of the fastest-growing retailers globally. Total gross successful the archetypal 4th reached $23 cardinal pesos, an summation of 33% twelvemonth implicit year. We person seen precise beardown same-store income maturation of 16%. This maturation is driven successful ample portion by the ongoing betterment successful our worth proposition to customers and besides by stronger marque designation of BBB Foods Inc. that we spot each time getting stronger. When we comparison our same-store income show with Antad, the spread remains notable astatine much than 14 percent points, and that is contempt operating with precise debased interior inflation.

I volition present crook it implicit to Eduardo.

Eduardo Pizzuto: Thank you, Anthony. Good morning, everyone. Selling expenses arsenic a percent of gross accrued by 5 ground points to 10.3% twelvemonth implicit twelvemonth successful the archetypal 4th of 2026. Most disbursal lines showed operating leverage, with a flimsy summation chiefly driven by utilities, permitting, and higher D&A. Admin expenses excluding share-based outgo remained unchanged. In 2026, we continued our investments successful caller regions and further endowment to enactment our growth. Separately, 2025 included a one-time disbursal of $54 cardinal pesos related to the secondary follow-on. With respect to share-based outgo expense, these charges are non-cash and already reflected successful our afloat diluted stock cap.