EarningsQ2 2026 Earnings Report
MX:TBBBN Q2 2026 EPS Results
Actual EPS-$2.53
Consensus EPS-$2.73
Beat/MissBeat by +$0.20
One Year Ago EPS-$2.50
MX:TBBBN Q2 2026 Revenue Results
Actual Revenue$25.29B
Expected Revenue$24.91B
Beat/MissBeat by +$376.30M
YoY Revenue Growth+55.71%
Earnings Announcement Details
QuarterQ2 2026
Date08/12/2026
TimeAfter Close
Conference CallWednesday, August 12, 2026
MX:TBBBN Upcoming Earnings
BBB Foods, Inc. Class A's next earnings date is estimated for November 30, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:TBBBN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong positive operational and financial performance: double-digit same-store sales growth (+20%), high revenue growth (+39% to MXN 26.0 billion), significant adjusted EBITDA expansion (+44% to MXN 1.6 billion), robust operating cash flow growth (+119% H1), rapid store network expansion (593 net new stores in 12 months, ~20% store base growth), and improved working capital (adjusted negative working capital MXN 10.2 billion). Lowlights were largely related to planned investments (G&A/talent), a one-time MXN 37 million follow-on expense, non-cash share-based compensation affecting reported EBITDA, and potential short-term logistics pressure from additional DC openings. Overall, the positives substantially outweigh the near-term costs and investments, and management reiterated confidence in long-term growth and unit economics.Company Guidance
Store Expansion and Network Growth
Opened 155 net new stores in Q2 2026 (3,624 total stores as of June 30, 2026). Opened 593 net new stores over the last 12 months, representing ~20% growth in store base versus June 2025. Expanded distribution footprint to 21 regions and opened additional distribution centers (one in Q2, two more recently, with a third expected in Q3).
Strong Same-Store Sales Momentum
Same-store sales increased 20% year-over-year in Q2 2026 (compared with Q2 2025), significantly outperforming the market (maintained a gap of more than 20 percentage points versus ANTAD). Two-thirds of same-store sales growth was driven by volume and one-third by price/mix.
Robust Revenue Growth
Total revenue rose 39% year-over-year to MXN 26.0 billion in Q2 2026.
EBITDA Improvement (Adjusted)
Reported EBITDA of MXN 960 million; excluding non-cash share-based compensation, EBITDA increased 44% year-over-year to MXN 1.6 billion. Adjusted EBITDA margin increased by 21 basis points year-over-year and was 6.2% excluding the one-time MXN 37 million follow-on expense.
Strong Operating Cash Flow Generation
Cash flow from operating activities for the first half of 2026 reached MXN 4.3 billion, representing 119% growth versus the first half of 2025. Business model benefits from structurally negative working capital.
Improved Working Capital Position
Adjusted negative working capital was MXN 10.2 billion as of June 2026 (vs MXN 7.1 billion in 2025, excluding IPO and follow-on proceeds), representing approximately 11.2% of total LTM revenue (excluding IPO/follow-on proceeds). Inventory days remain low (below ~20 days).
Operating Leverage in Selling Expenses
Sales expenses as a percentage of revenue decreased by 56 basis points year-over-year to 10% in Q2 2026, reflecting operating leverage (including labor efficiencies).
Upgraded Store Format and Faster Ramp-Ups
100% of new stores open under an upgraded format with better performance. New stores (2026 vintage) are ramping up faster and tracking in line with updated unit economics from Q4 projections.
Technology and ERP Progress
ERP rewrite is in testing (phase 1) and on track; use of AI tools has accelerated development. New POS capabilities expected to enable additional customer services and future logistics/operational optimizations.
MX:TBBBN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed