Tiendas 3B: The Aldi of Mexico Set for Explosive Growth?
🇲🇽 Tiendas 3B (BBB Foods Inc.) is a rapidly expanding Mexican hard-discounter, similar to Aldi/Lidl, operating in a market ripe for this model due to favorable socioeconomics and limited direct competition.
📈 The company has significant runway for growth, aiming to expand from ~2,700 stores to potentially 15,000 stores, fueled by strong same-store sales growth and new openings.
⚙️ Its highly efficient business model features negative working capital, allowing store expansion to be financed internally without significant external capital needs, though valuation and potential stock dilution are risks to consider.
