Professional
Added to YB: 2024-06-21
Pitch date: 2024-06-10
TBBB [bullish]
BBB Foods Inc.
+43.14%
current return
Author Info
No bio for this author
Company Info
BBB Foods Inc., through its subsidiaries, operates a chain of grocery retail stores in Mexico. The company offers spot products comprising food and non-food products, such as clothing, electronics, household goods, and others.
Market Cap
$59.1B
Pitch Price
$23.09
Price Target
N/A
Dividend
N/A
EV/EBITDA
21.41
P/E
-414.11
EV/Sales
0.98
Sector
Consumer Staples Distribution and Retail
Category
growth
Argosy Investors New Position: BBB Foods Inc.
TBBB: McKinsey-founded Mexican hard discounter with 2,200 stores, 12,000+ potential. Limited SKUs enable low prices & margins (<15% vs 20%+ for competitors), high inventory turns, and negative working capital. 33% growth 2020-23 with just 5% debt growth. Expects 15% annual store growth + 5-10% SSS, 20%+ returns for 10-15 years.
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