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BBB Foods Priced, NYSE: TBBB

Operates more than 2,200 discount grocery stores in Mexico.

Industry: Consumer Staples

Latest Trade: $20.05 0.00 (0.0%)

First Day Return: +8.9%

Return from IPO: +14.6%

Industry: Consumer Staples

We are pioneers and leaders of the grocery hard discount model in Mexico and one of the fastest growing retailers in the country as measured by our sales and store growth rates. The 3B name, which references “Bueno, Bonito y Barato” – a Mexican saying which translates to “Good, Nice and Affordable”– summarizes our mission of offering irresistible value to budget savvy consumers through great quality products at bargain prices. From 2020 to 2022, our total revenue grew at a compounded annual growth rate (“CAGR”) of 34.4%, reaching Ps.32.6 billion (US$1.85 billion) for 2022, and our number of stores increased from 1,249 as of year-end 2020 to 2,288 as of year-end 2023, which represents a CAGR of 22.4%. Our total revenue for the 12-month period ended September 30, 2023 was Ps.41.2 billion (US$2.3 billion). Our business model is simple yet disruptive: we offer a limited assortment of products that cover the daily grocery needs of our clients. We price our products to offer what is generally market-leading value for money: the lowest sustainable price in the market for a given quality. Our stores also offer convenience, since they are generally located within central neighborhoods that allow for daily visits and minimize transportation needs for our customers. Our customers visit us on average three to four times per week to fulfill one or two days of groceries.
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IPO Data
IPO File Date 01/18/2024
Offer Price $17.50
Price Range $16.50 - $17.50
Offer Shares (mm) 33.7
Deal Size ($mm) $589
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/08/2024
Offer Price $17.50
Price Range $16.50 - $17.50
Offer Shares (mm) 33.7
Deal Size ($mm) $589
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
J.P. Morgan
Morgan Stanley
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Company Data
Headquarters Mexico City, Mexico
Founded 2004
Employees 21,950
Website www.tiendas3b.com

BBB Foods (TBBB) Performance