# BBB Foods (TBBB.US)

Canonical: https://gigainvestors.com/s/TBBB

Analysis as of: 2026-10-16T07:32:15.300Z. 

Listing currency: USD. Reporting currency: MXN.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $56.03 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [David Hoeft](https://gigainvestors.com/DAC): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Up 167% since Feb 2024 · "BBB Foods (TBBB) Climbs 15% on Investment Plan, Fundraising" (finance.yahoo.com, May 2026)

Story as of 2026-10-16T09:59:39.842Z; price observation 2026-10-15.

- 2026-05-30: BBB Foods (TBBB) Climbs 15% on Investment Plan, Fundraising ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/bbb-foods-tbbb-climbs-15-061845382.html))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in discount stores; annual sales are MXN 73.3 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1978954/000119312526140232/tbbb-20251231.htm (filed 2026-04-02); FY2025: revenue 73302772457; grossProfit 11858820174; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); TBBB.US: BBB Foods Inc., through its subsidiaries, operates a chain of grocery retail stores in Mexico. The company provides spot products comprising food and non-food products, such as clothing, electronics, household goods, and others. It also provides branded and private label products. The company serves low-to-middle income households. BBB Foods Inc. was incorporated in 2004 and is headquartered in Mexico City, Mexico.

### Why customers stay

Margins ranged from 16% to 16.3% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-02); FY2023: grossProfit / revenue = 16%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-02); FY2024: grossProfit / revenue = 16.3%.

- Source: https://www.sec.gov/Archives/edgar/data/1978954/000119312526140232/tbbb-20251231.htm (filed 2026-04-02); FY2025: grossProfit / revenue = 16.2%.

### Where the cash goes

Paid no dividends in 6 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-02); FY2024: growth capex 919545000; upkeep 1518599000; owner earnings 334422000. Growth capex / owner earnings = 2.749654627985001.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-02); Dividend observations: [[2020,0],[2021,0],[2022,0],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 2.4% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); TBBB.US SharesStats.PercentInsiders = 2.4 percentage points; cache date 2026-10-16.

### What the price says

The price is 1.6 times annual sales; cash earnings are negative.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-02); Closing price 56.03 USD; reporting-to-trading FX 0.05422; FY2025 annual sales per share 637.2886531856263; price multiple 1.6215297581579151. FY2025 cash earnings/share -23.15493573912959. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2024-02: $20.99 per share

- 2024-03: $23.78 per share

- 2024-04: $22.95 per share

- 2024-05: $27.24 per share

- 2024-06: $23.86 per share

- 2024-07: $27.15 per share

- 2024-08: $31.78 per share

- 2024-09: $30.00 per share

- 2024-10: $31.94 per share

- 2024-11: $28.22 per share

- 2024-12: $28.28 per share

- 2025-01: $31.02 per share

- 2025-02: $26.62 per share

- 2025-03: $26.68 per share

- 2025-04: $30.56 per share

- 2025-05: $28.86 per share

- 2025-06: $27.76 per share

- 2025-07: $25.52 per share

- 2025-08: $26.90 per share

- 2025-09: $26.96 per share

- 2025-10: $27.32 per share

- 2025-11: $32.58 per share

- 2025-12: $33.39 per share

- 2026-01: $34.89 per share

- 2026-02: $36.45 per share

- 2026-03: $35.37 per share

- 2026-04: $36.50 per share

- 2026-05: $37.82 per share

- 2026-06: $41.67 per share

- 2026-07: $41.33 per share

- 2026-08: $48.57 per share

- 2026-09: $52.64 per share

- 2026-10: $56.03 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 20-F filing](https://www.sec.gov/Archives/edgar/data/1978954/000119312526140232/tbbb-20251231.htm); period 2025-12-31, filed 2026-04-02.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.