BBB Foods (NYSE:TBBB) Issues Earnings Results

Key Points

• BBB Foods beat quarterly expectations: The company reported EPS of $0.01, topping the consensus estimate of a $0.10 loss, while revenue reached $1.57 billion versus the $1.53 billion forecast. Despite the beat, it posted a negative net margin of 3.68% and negative return on equity of 72.47%.
• Shares rose 0.7% to $57.00 in Monday trading, near the company’s 52-week high of $59.60. The stock has advanced significantly from its $25.84 low, though BBB Foods carries relatively weak liquidity and a debt-to-equity ratio of 2.16.
• Analyst sentiment remains favorable: Seven analysts rate the stock Buy and three rate it Hold, producing a “Moderate Buy” consensus. Recent price targets include $67 from JPMorgan and $69 from UBS, above the average target of $51.88.

BBB Foods (NYSE:TBBB - Get Free Report) issued its earnings results on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.11, FiscalAI reports. BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.53 billion.

BBB Foods Trading Up 0.7%

NYSE:TBBB traded up $0.40 during trading hours on Monday, hitting $57.00. The stock had a trading volume of 1,006,813 shares, compared to its average volume of 686,917. BBB Foods has a one year low of $25.84 and a one year high of $59.60. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.44 and a current ratio of 0.68. The company has a market cap of $6.76 billion, a price-to-earnings ratio of -35.41 and a beta of -0.01. The business's 50 day moving average is $53.21 and its 200-day moving average is $41.86.

Insiders Place Their Bets

In other news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of BBB Foods stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total transaction of $388,773.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TBBB shares. Scotiabank reaffirmed an "outperform" rating and issued a $65.00 price objective on shares of BBB Foods in a research note on Thursday, August 27th. JPMorgan Chase & Co. increased their price target on BBB Foods from $48.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, September 10th. Weiss Ratings upgraded BBB Foods from a "sell (d+)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Citigroup reaffirmed a "buy" rating on shares of BBB Foods in a research note on Monday, September 14th. Finally, UBS Group upped their price objective on BBB Foods from $58.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, October 21st. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $51.88.

About BBB Foods

BBB Foods Inc operates Tiendas 3B, a hard-discount grocery retail chain in Mexico. Its stores focus on everyday consumer essentials, including food, beverages, household products and personal-care items, offered primarily through a combination of private-label and selected national-brand products.

The company's business model emphasizes a limited assortment, compact store formats and value-oriented pricing. Tiendas 3B stores primarily serve communities in Mexico, with a presence concentrated in the country's central and southern regions.

BBB Foods was founded in 2004 and is led by Anthony Hatoum, who serves as the company's chief executive officer.

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