BBB Foods Inc. (NYSE:TBBB) is one of the 11 Hot New Stocks to Invest in Now. On July 8, Goldman Sachs initiated coverage of BBB Foods Inc. (NYSE:TBBB) with a price target of $29.
The firm noted BBB Foods Inc. to be a rare compounder in its Latam Retail coverage universe. Goldman Sachs elaborated that this is also reflected by the company’s current valuation of 91 times its forward earnings.
A B2B food distributor making sure grocery shelves are fully stocked with food.
During the fiscal first quarter of 2025, BBB Foods Inc. delivered revenue of $873.81 million, up 14.83% year-over-year and ahead of estimates by $34.29 million. The growth was driven by a 13.5% growth in same-store sales. Notably, the company opened 117 new stores during the quarter to reach 2,889 total stores.
BBB Foods Inc. is a Mexican holding company that operates grocery retail stores and distribution centers.
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This article is originally published at Insider Monkey.
