Bbb Foods Inc. · NYSE:TBBB
Bbb Foods — Q2 2026 Earnings Presentation
25 slides from Bbb Foods's earnings presentation, Aug 13, 2026
Slide 1: Tiendas 3B Second Quarter 2026 Financial Results
Tiendas 3B Second Quarter 2026 Financial Results
Slide 2: Disclaimer
Disclaimer Statements in this presentation, including the possible or assumed future or other performance of BBB Foods Inc. (the “Company”, “we”, “us”, “our”) or our industry, our targets or other trends and estimates, constitute “forward- looking statements”. Statements contained herein that are no
Slide 3: Today's Presenters
Today’s Presenters Anthony Hatoum Chairman and CEO Eduardo Pizzuto CFO 3
Slide 4: Agenda
Agenda • 2Q26 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A 4
Slide 5: 2Q26 Key Highlights
2Q26 | Key Highlights Opened 155 net new stores and 1 DC in 2Q26 3,624 stores and 21 DC’s as of 2Q26 LTM store openings of 593 Same Store Sales(1) growth of 20.0% versus 2Q25 Revenue of Ps. 26,037 million, YoY growth of 38.7% EBITDA ex. SBP(2) of Ps. 1,575 million, up 43.8% YoY EBITDA post-SBP of Ps
Slide 6: Agenda
Agenda • 2Q26 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A 6
Slide 7: Continued Momentum in Store Openings
Continued Momentum in Store Openings Number of Stores Units ‘21-’YTD26 CAGR: 3,624 21.7% 3,346 +278 2,772 +574 2,288 +484 1,892 +396 1,500 +392 2021 2022 2023 2024 2025 6M26 Opened 155 net stores in 2Q26 to reach 3,624 units, 593 net stores opened LTM 7
Slide 8: Total Revenue and Same Store Sales Growth
Total Revenue and Same Store Sales Growth Total Revenue Ps. MM YoY Growth: 38.7% 26,037 18,770 2Q25 2Q26 Same Store 17.7% 20.0% Sales Growth Significant increase in sales and strong SSS growth 8
Slide 9: Same Store Sales Growth vs. ANTAD Self-Service
Same Store Sales Growth vs. ANTAD Self-Service Same Store Sales Growth Percentage (%) 20.0% 17.7% 17.9% 16.6% 16.0% 2.5% 1.5% 1.4% 1.1% -0.1% 2Q25 3Q25 4Q25 1Q26 2Q26 (1) (2) ANTAD Self-Service TBBB Our SSS performance outpaces the market Source: ANTAD Self-Service 3-month average. 9 1. ANTAD uses t
Slide 10: Agenda
Agenda • 2Q26 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A 10
Slide 11: Sales Expenses
Sales Expenses Sales Expenses Ps. MM YoY Increase: 31.4% 2,598 1,978 2Q25 2Q26 Sales Expenses 10.5% 10.0% as % of Revenue Sales expenses improved by 56 bps as % of revenues 11
Slide 12: Administrative Expenses
Administrative Expenses Administrative Expenses Shared-based payment expense Ps. MM 1,428 615 731 YoY Increase: 69.8% 252 813 479 Admin. Expenses 2Q25 2Q26 as % of Revenue 2.6% 3.1% Ex. SBP Admin. Expenses ex-SBP increased by 57 bps as % of revenue; as we continue to invest in new regions and talent
Slide 13: Adjusted EBITDA
Adjusted EBITDA (1) EBITDA Ps. MM YoY Growth: 1,575 43.8% 1,096 2Q25 2Q26 EBITDA 5.8% 6.1% Margin EBITDA margin ex-SBP expanded by 21 bps. 1. We calculate “EBITDA” as net income (los s) for the period, plus income tax expense, financial costs, net, and total depreciation and amortization. We calcula
Slide 14: Favorable Working Capital
Favorable Working Capital (1) Working Capital Working Capital ex. Ps. MM IPO & FO Proceeds (2) Jun-25 Jun-26 (3,841) (5,692) (7,061) (10,169)(3) Working Capital as a (4) % of Total Revenue 10.5% 11.2% ex. IPO & FO proceeds Our business model continues to generate significant Negative Working Capital
Slide 15: Agenda
Agenda • 2Q26 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A 15
Slide 16: Closing Remarks
B Closing BB Remarks
Slide 17: Agenda
Agenda • 2Q26 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A 17
Slide 18: Q&A
Q&A
Slide 19: Contact Information
Contact Information Investor Relation Contact: Investor Relation Website: ir@tiendas3b.com https://www.investorstiendas3b.com 19
Slide 20: Appendix: Financial Statements
Appendix: Financial Statements
Slide 21: Annex 1 – Income Statement
Annex 1 – Income Statement In Ps. Thousands 21
Slide 22: Annex 2 – EBITDA Reconciliation
Annex 2 – EBITDA Reconciliation In Ps. Thousands 22
Slide 23: Annex 3 – Statement of Cash Flows
Annex 3 – Statement of Cash Flows In Ps. Thousands 23
Slide 24: Annex 4 – Statement of Financial Position
Annex 4 – Statement of Financial Position In Ps. Thousands 24
Slide 25: Annex 5 – Reconciliation of Working Capital
Annex 5 – Reconciliation of Working Capital In Ps. Thousands 25 1. Cons idering an exchange rate of Ps. 17.47