Tiendas 3B Q3 2026 slides: 40% revenue growth, stores top 3,765

Tiendas 3B Q3 2026 reported a 40% year-over-year revenue growth, with same-store sales accelerating at 20.5%, surpassing the 17.9% growth rate from Q3 2025. The company now operates 3,765 stores, having opened 141 new locations and 4 distribution centers this quarter, bringing its total to 25 regional facilities. Tiandas 3B's market outperformance over the Mexican retail sector is evident, as its same-store sales growth of 20.5% contrasts with the market's negative 0.6% growth, according to the ANTAD Self-Service benchmark.

The company's profitability has improved, with adjusted EBITDA increasing by 60.5% to Ps. 1,877 million, and EBITDA margin expanding by 83 basis points to 6.6%. The company's negative working capital position remains strong, standing at negative Ps. 10,794 million, representing 10.9% of total revenue. Despite some financial constraints due to short-term obligations exceeding liquid assets, Tiandas 3B maintains its guidance for 590 to 630 net new store openings by the end of 2026, with 419 stores opened as of the third quarter.