ALABAMA ST. (2-3) Harris 4-8 0-0 8, Pooler 2-6 1-2 5, Franklin 0-4 0-0 0, Smith 1-5 0-0 2, Tucker 0-0 0-0 0, Bryant 1-5 0-0 3, Graham 1-3 1-2 3, Tavares 0-2 0-0 0, Gray 0-2 0-0 0, Jackson 3-8 0-0 7, Wofford 2-8 0-0 5, Totals 14-51 2-4 33 ALABAMA (7-0) Cody 1-5 7-8 9, Barker 4-5 3-4 12, Green 4-5 3-4 11, Nye 6-12 1-1 15, Weathers 4-6 0-0 12, Brooks 0-0 0-0 0, Ezumah 0-0 4-8 4, Cunningham 3-6 1-1 7, Collins 1-5 3-4 6, Lester 2-3 0-0 4, Spreen 1-4 1-4 3, Totals 26-51 23-34 83 3-Point Goals_Alabama St. 3-14 (Pooler 0-2, Franklin 0-1, Smith 0-2, Bryant 1-4, Gray 0-1, Jackson 1-2, Wofford 1-2), Alabama 8-23 (Cody 0-2, Barker 1-1, Green 0-1, Nye 2-8, Weathers 4-5, Collins 1-4, Lester 0-1, Spreen 0-1). Assists_Alabama St. 10 (Bryant 3), Alabama 16 (Collins 5). Fouled Out_None. Rebounds_Alabama St. 26 (Harris 5), Alabama 43 (Cunningham 9). Total Fouls_Alabama St. 24, Alabama 11. Technical Fouls_None. A_200.Ammon presents community service awards'Political hijacking': Ranting Trump celebrates dismissal motion of Jack Smith's case
Award-Winning Author Patrick Finegan Releases New Novel - Toys in Babylon 11-25-2024 09:40 PM CET | Leisure, Entertainment, Miscellaneous Press release from: ABNewswire What happens when a quirky language app turns sinister? Murder, mayhem, and AI madness ensue in Toys in Babylon. Patrick Finegan is pleased to announce the release of his new novel, Toys in Babylon: A Language App Parody and Whodunnit, a riotously clever satire and murder mystery. This story takes readers on a madcap journey through the inner workings-and hilarious unraveling-of a wildly successful language-learning app. When the mascot and spokes-bear of a popular language app is found dead, chaos ensues. Was the culprit an ambitious executive, a disillusioned employee, a jilted lover, or perhaps one of the app's cartoon instructors-a charmingly animated AI with more intelligence than expected? Toys in Babylon is a satirical look at the intersection of technology, corporate ambition, and human folly, inspired by a chain novel prompt on a language app fan site. Originally serialized online, the story has been expanded into a definitive novel available in both English and German. Perfect for anyone who has ever learned a new language alongside quirky cartoon characters or questioned the rise of AI, Toys in Babylon delivers biting humor, compelling mystery, and a satirical edge that will resonate with fans of modern tech culture. About the Author Patrick Finegan graduated from Northwestern University and the University of Chicago Law School and Graduate School of Business. With over 30 years of experience in law, corporate finance, and management consulting, Finegan brings sharp wit and keen insight into the absurdities of the modern world. An avid language learner and author of three novels, he lives with his wife and grown daughter and continues to delight readers with his inventive storytelling. Follow Patrick Finegan on social media: Facebook: https://www.facebook.com/patrick.t.finegan X: https://x.com/pat_finegan Instagram: https://www.instagram.com/patfinegan/ LinkedIn: https://www.linkedin.com/in/patfinegan Toys in Babylon [ https://amzn.to/4fzpQFE ] is available for purchase at: * Amazon [ https://www.amazon.com/Toys-Babylon-Language-Parody-Whodunit-ebook/dp/B0CYDNGNX2 ] * Barnes & Noble [ https://www.barnesandnoble.com/w/toys-in-babylon-patrick-finegan/1146194187 ] https://www.amazon.com/Toys-Babylon-Language-Parody-Whodunit-ebook/dp/B0CYDNGNX2 https://www.barnesandnoble.com/w/toys-in-babylon-patrick-finegan/1146194187 BookBuzz: https://bookbuzz.net/toys-in-babylon-a-language-app-parody-and-whodunnit-by-patrick-finegan/ Media Contact Company Name: BookBuzz Contact Person: Amanda - PR Manager Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=awardwinning-author-patrick-finegan-releases-new-novel-toys-in-babylon ] Phone: 7065098422 City: New York State: NY Country: United States Website: https://www.bookbuzz.net This release was published on openPR.Trump offers a public show of support for Pete Hegseth, his embattled nominee to lead the PentagonORRVILLE, Ohio , Dec. 2, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) ("Company") announced today the closing of the transaction to divest the Voortman ® business to Second Nature Brands. The Company previously announced the signing of a definitive agreement for the transaction on October 22, 2024 . The all-cash transaction is valued at approximately $305 million , subject to a working capital adjustment, and reflects the Company's continued commitment to optimizing its portfolio and reallocating resources to its core growth brands. The transaction includes all Voortman ® trademarks and the Company's leased manufacturing facility in Burlington, Ontario, Canada . In addition, approximately 300 employees will transition with the business. The Company updated its full-year fiscal 2025 net sales guidance to reflect the impact of the divested business. Net sales is anticipated to increase 7.5 to 8.5 percent compared to the prior year. The updated net sales guidance reflects the removal of approximately $65 million of divested net sales in fiscal 2025, with the estimated net sales impact evenly distributed throughout the remainder of the fiscal year. On a comparable basis, net sales is expected to increase 1.0 to 2.0 percent, which excludes noncomparable sales in the current year from the acquisition of Hostess Brands and noncomparable sales in the prior year related to the divestitures of the Voortman ® , Canada condiment, and Sahale Snacks ® businesses. The Company maintains its fiscal 2025 adjusted earnings per share, free cash flow, capital expenditures, and adjusted effective income tax rate outlook as communicated in its most recent quarterly earnings announcement on November 26, 2024 . The J.M. Smucker Co. Forward Looking Statements This press release ("Release") includes certain forward-looking statements within the meaning of federal securities laws. The forward-looking statements may include statements concerning our current expectations, estimates, assumptions and beliefs concerning future events, conditions, plans and strategies that are not historical fact. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expect," "anticipate," "believe," "intend," "will," "plan," "strive" and similar phrases. Federal securities laws provide a safe harbor for forward-looking statements to encourage companies to provide prospective information. We are providing this cautionary statement in connection with the safe harbor provisions. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made, when evaluating the information presented in this Release, as such statements are by nature subject to risks, uncertainties and other factors, many of which are outside of our control and could cause actual results to differ materially from such statements and from our historical results and experience. We do not undertake any obligation to update or revise these forward-looking statements to reflect new events or circumstances. The risks, uncertainties, important factors, and assumptions listed and discussed in this press release, which could cause actual results to differ materially from those expressed, include: the Company's ability to successfully integrate Hostess Brands' operations and employees and to implement plans and achieve financial forecasts with respect to the Hostess Brands' business; disruptions or inefficiencies in the Company's operations or supply chain, including any impact caused by product recalls, political instability, terrorism, geopolitical conflicts (including the ongoing conflicts between Russia and Ukraine and Israel and Hamas), extreme weather conditions, natural disasters, pandemics, work stoppages or labor shortages (including potential strikes along the U.S. East and Gulf coast ports and potential impacts related to the duration of a recent strike at the Company's Buffalo, New York manufacturing facility), or other calamities; risks related to the availability of, and cost inflation in, supply chain inputs, including labor, raw materials, commodities, packaging, and transportation; the impact of food security concerns involving either the Company's products or its competitors' products, including changes in consumer preference, consumer litigation, actions by the U.S. Food and Drug Administration or other agencies, and product recalls; a disruption, failure, or security breach of the Company or its suppliers' information technology systems, including, but not limited to, ransomware attacks; and risks related to other factors described under "Risk Factors" in other reports and statements filed with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K. About The J.M. Smucker Co. At The J.M. Smucker Co., it is our privilege to make food people and pets love by offering a diverse family of brands available across North America . We are proud to lead in the coffee, peanut butter, fruit spreads, frozen handheld, sweet baked goods, dog snacks, and cat food categories by offering brands consumers trust for themselves and their families each day, including Folgers ® , Dunkin ' ® , Café Bustelo ® , Jif ® , Uncrustables ® , Smucker's ® , Hostess ® , Milk-Bone ® , and Meow Mix ® . Through our unwavering commitment to producing quality products, operating responsibly and ethically, and delivering on our Purpose, we will continue to grow our business while making a positive impact on society. For more information, please visit jmsmucker.com . The J.M. Smucker Co. is the owner of all trademarks referenced herein, except for Dunkin ' ® , which is a trademark of DD IP Holder LLC. The Dunkin ' ® brand is licensed to The J.M. Smucker Co. for packaged coffee products sold in retail channels such as grocery stores, mass merchandisers, club stores, e-commerce and drug stores, and in certain away from home channels. This information does not pertain to products for sale in Dunkin ' ® restaurants. View original content to download multimedia: https://www.prnewswire.com/news-releases/the-jm-smucker-co-completes-the-divestiture-of-voortman-brand-to-second-nature-brands-and-updates-fiscal-year-2025-net-sales-outlook-302319978.html SOURCE The J.M. Smucker Co.
Secluded private island where Prince Harry and Meghan Markle had romantic getaway hits the market for $80 million The royal couple spent a night on the island back in 2018 The island includes an 800 acre resort, three villas, a golf course and more READ MORE: Prince Harry reveals why he'll never leave the U.S. By DEAN MURRAY Published: 23:27, 6 December 2024 | Updated: 23:31, 6 December 2024 e-mail View comments The paradise island on which Harry and Meghan were said to have had a secret getaway is up for sale for $79.5 million. Exotic property broker Vladi Private Islands' say the listing - dubbed the Ultimate Package and billed as the perfect Christmas present - features Kaibu Island in Fiji 's Lau archipelago. The then newly-married couple were reported to have spent the night at the idyllic tropical hideaway in a break from engagements on a 2018 royal tour. The island includes an 800 acre resort, three villas, an airstrip, an aircraft, a golf course, and is the only private island worldwide to include its own submarine from U-Boat Worx. The land-based operations run on solar and 'follow organic standards', while a desalination plant supplies portable water for the entire island. There is also six miles of compacted aggregate roads in the event you manage to get a car there. Farhad Vladi, CEO of Vladi Private Islands, said: 'Christmas is just around the corner and the race to buy the perfect present is well and truly on. But what to buy for a person who already has it all? Enter our new Ultimate Package. 'Kaibu Island is the ultimate destination for discerning discoverers. The island itself is perhaps the most complete private island property available today. Kaibu Island on which Harry and Meghan were said to have had a secret getaway is up for sale for $79.5 million The then newly-married couple were reported to have spent the night at the idyllic tropical hideaway in a break from engagements on a 2018 royal tour 'With the addition of the U-Boat Worxsubmarine and the Twin Otter aircraft, we are proud to present a package unlike any other on the market.' Roy Heijdra, Marketing Manager at U-Boat Worx, said: 'We are thrilled to be part of this extraordinary offering. Our submersibles are designed to open up the wonders of the underwater world, providing an unparalleled combination of safety, innovation, and luxury. 'With Kaibu Island as the ultimate base for exploration, this package sets a new benchmark for adventure and exclusivity.' In 2018, Hello! reported Harry and Meghan having stayed at the ultra-luxurious Vatuvara Private Island resort on Kaibu during their first royal tour. The couple spent 16 days travelling around Australia, Fiji, Tonga and New Zealand, fitting in 76 engagements. Harry declared this week that he has no plans to return to the UK because his family are so happy in Montecito. The Sussexes' A-list neighbour Katy Perry has agreed to perform at the Invictus Games while friends Oprah Winfrey and Tyler Perry are also among other supporters living in the celebrity-heavy enclave of California. But it appears that not all locals are happy with the couple , with one claiming the Duchess of Sussex is more aloof than her husband, who is 'jolly' but not fully involved with the locals either. The island includes an 800 acre resort, three villas, an airstrip, an aircraft, a golf course, and is the only private island worldwide to include its own submarine from U-Boat Worx The land-based operations run on solar and 'follow organic standards', while a desalination plant supplies portable water for the entire island. 'Kaibu Island is the ultimate destination for discerning discoverers. The island itself is perhaps the most complete private island property available today,' the island's owner said Neighbours and locals in Montecito have spoken about the couple's life there - and admit they don't often see them, unless Harry is on his bike followed by his security team. There are also questions about their 'elitist' lifestyle. Richard Mineards, one of their near-neighbours, has said they are not an 'asset' to the wealthy community. 'I personally don't think that Meghan is an asset to our community... She doesn't really go out or get involved with the community,' he said. 'Harry has to a certain extent, because he's quite jolly...but Meghan doesn't seem to get seen anywhere.... And you don't see him either.' Mr Mineards was speaking to a new German documentary, called 'Harry: The Lost Prince'. Earlier this year MailOnline revealed how Prince Harry spends his time pootling on his bike followed a security team in a Range Rover and walks his dog alone on the beach when not in the home office he shares with Meghan Markle or doing his daily meditations. The Duke of Sussex is rumoured to have made overtures via friends and intermediaries about a return to the royal fold - but only if he receives an apology from his older brother. However, insiders have pushed back on going back to royal duties - and shared details of his enviable and very quiet life in California's Montecito with Meghan and their two children. When away from his computer Harry speaks with staff and walks his garden enjoying the birds sandwiched between taking Archie to and from school. There is a long meditation in his diary each day - and often a workout with a personal trainer. One declared: 'They keep themselves to themselves. I haven't seen Harry around much. Normally when you see him around here, he's walking his Labrador on the beach or on his bicycle followed by his security in a Range Rover'. Outside the confines of their mansion, he enjoys a solo bike ride on his own with his bodyguards following behind or alongside in their SUV - part of the biggest security team in the area, one local said. There are mixed reports about his happiness. One ally recently said Harry is 'doing great' - but others claim he has become an 'angry boy' who is 'more and more isolated in California'. Meghan appears to stick to a small and loyal group of friends. She is said to have joined a local mahjong group, stops to speak to locals in the street or shops and has bonded with other celeb-locals. Fiji Meghan Markle California Share or comment on this article: Secluded private island where Prince Harry and Meghan Markle had romantic getaway hits the market for $80 million e-mail Add comment
5 top tech gifts for the holidaysNEW YORK (AP) — Stocks closed higher on Wall Street, sending the Dow Jones Industrial Average to another all-time high. The Dow added 1% Monday to the record it set on Friday. The S&P 500 rose 0.3%, while the Nasdaq composite rose 0.3%. Treasury yields eased in the bond market after President-elect Donald Trump said he wants Scott Bessent, a hedge fund manager, to be his Treasury Secretary. Smaller companies can feel a big boost from easier borrowing costs, and the Russell 2000 index of small stocks jumped 1.5%, closing just shy of the record high it set three years ago. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — Wall Street is set to break more records Monday as U.S. stocks rise to add to last week’s gains. The S&P 500 was 0.2% higher, as of 3 p.m. Eastern time, and sitting just below its all-time high set two weeks ago. The Dow Jones Industrial Average added 397 points, or 0.9%, to its own record set on Friday, while the Nasdaq composite was 0.1% higher. Treasury yields also eased in the bond market amid what some analysts called a “Bessent bounce” after President-elect Donald Trump said he wants Scott Bessent , a hedge fund manager, to be his Treasury Secretary. Bessent has argued for reducing the U.S. government’s deficit, which is how much more it spends than it takes in through tax and other revenue. Such an approach could soothe worries on Wall Street that Trump’s policies may lead to a much bigger deficit, which in turn would put upward pressure on Treasury yields. After climbing above 4.44% immediately after Trump’s election, the yield on the 10-year Treasury fell back to 4.26% Monday and down from 4.41% late Friday. That’s a notable move, and lower yields help make it cheaper for all kinds of companies and households to borrow money. They also give a boost to prices for stocks and other investments. That helped stocks of smaller companies lead the way, and the Russell 2000 index of smaller stocks jumped 2%. It’s set to top its all-time high, which was set three years ago. Smaller companies can feel bigger boosts from lower borrowing costs because of the need of many to borrow to grow. The two-year Treasury yield, which more closely tracks the market’s expectations for what the Federal Reserve will do with overnight interest rates, also eased sharply. The Fed began cutting its main interest rate just a couple months ago from a two-decade high, hoping to keep the job market humming after bringing high inflation nearly all the way down to its 2% target. But immediately after Trump’s victory, traders had reduced bets for how many cuts the Fed may deliver next year. They were worried Trump's preference for lower tax rates and higher spending on the border would balloon the national debt. . A report coming on Wednesday could influence how much the Fed may cut rates. Economists expect it to show that an underlying inflation trend the Fed prefers to use accelerated to 2.8% last month from 2.7% in September. Higher inflation would make the Fed more reluctant to cut rates as deeply or as quickly as it would otherwise. Goldman Sachs economist David Mericle expects that to slow by the end of next year to 2.4%, but he said inflation would be even lower if not for expected tariff increases on imports from China and autos favored by Trump. In the stock market, Bath & Body Works jumped 19.1% after delivering stronger profit for the latest quarter than analysts expected. The seller of personal care products and home fragrances also raised its financial forecasts for the full year, even though it still sees a “volatile retail environment” and a shorter holiday shopping season this year. Much focus has been on how resilient U.S. shoppers can remain, given high prices across the economy and still-high interest rates. Last week, two major retailers sent mixed messages. Target tumbled after giving a dour forecast for the holiday shopping season. It followed Walmart , which gave a much more encouraging outlook. Another big retailer, Macy’s, said Monday its sales for the latest quarter were in line with its expectations, but it will delay the release of its full financial results. It found a single employee had intentionally hid up to $154 million in delivery expenses, and it needs more time to complete its investigation. Macy’s stock fell 2.9%. Among the market's leaders were several companies related to the housing industry. Monday's drop in Treasury yields could translate into easier mortgage rates, which could spur activity for housing. Builders FirstSource, a supplier or building materials, rose 6.2%. Homebuilders, D.R. Horton, PulteGroup and Lennar all rose at least 5.8%. In stock markets abroad, indexes moved modestly across much of Europe after finishing mixed in Asia. In the crypto market, bitcoin was trading around $96,800 after threatening to hit $100,000 late last week for the first time. AP Business Writer Elaine Kurtenbach contributed.None
A Preview Of Freightos's EarningsIntra-cellular Therapies CEO sells $8.72 million in stock
MEXICO CITY--(BUSINESS WIRE)--Nov 25, 2024-- BBB Foods Inc. (“Tiendas 3B” or the “Company”) (NYSE: TBBB) , a leading grocery hard discounter in Mexico, announced today its consolidated results for the third quarter of 2024 (“3Q24”) and the nine months ended September 30, 2024 (“9M24”). The figures presented in this release are expressed in nominal Mexican Pesos (Ps.) and are prepared in accordance with International Financial Reporting Standards (“IFRS”), unless otherwise stated. HIGHLIGHTS THIRD QUARTER 2024 MESSAGE FROM THE CHAIRMAN AND CEO Dear Investors, Tiendas 3B has delivered another strong quarter. Our Same Store Sales grew by 11.6% in the third quarter of 2024 versus the same period last year, significantly outpacing the growth in the overall Mexican hard discount grocery retail segment as reported by ANTAD (Asociación Nacional de Tiendas de Autoservicio y Departamentales). This performance highlights our continued success in providing customers what they want – high quality products at low prices in convenient locations, During the third quarter of 2024, we opened 131 net new stores, for a total of 346 new stores year-to-date, bringing our total store count to 2,634. Our expansion strategy continues to yield strong results, with new stores performing well across the board. Overall, our revenues grew nearly 30% compared to the same period last year. Our EBITDA increased by 54%, with the higher margin driven by the dilution of operational expenses over a larger sales base. As we move forward, we remain focused on our core principles: delivering value through a compelling offering, disciplined execution, and rapid store expansion. We are confident that these pillars will continue to drive sustainable growth and create value for our stakeholders. Thank you for your continued trust and support. K. Anthony Hatoum, Chairman and Chief Executive Officer FINANCIAL RESULTS 3Q24 CONSOLIDATED RESULTS (In Ps. Millions, except percentages) 3Q24 As % of Revenue 3Q23 As % of Revenue Growth (%) Variation (bps) Total Revenue Ps. 14,834 100.0 % Ps. 11,425 100.0 % 29.8 % n.m. Gross Profit Ps. 2,344 15.8 % Ps. 1,806 15.8 % 29.7 % -1 bps Sales Expenses (Ps. 1,499) 10.1 % (Ps. 1,219) 10.7 % 23.0 % -56 bps Administrative Expenses (Ps. 494) 3.3 % (Ps. 374) 3.3 % 32.1 % 6 bps Other Income (Expense) – Net Ps. 2 0.0 % (Ps. 3) 0.0 % (161.8 %) 4 bps EBITDA Ps. 688 4.6 % Ps. 447 3.9 % 54.0 % 73 bps Please see the explanation at the end of this release on how EBITDA, a non-IFRS financial measure, is calculated, and for other relevant definitions. TOTAL REVENUE Total revenue for 3Q24 was Ps. 14,834 million, an increase of 29.8% compared to 3Q23. This increase was driven by higher revenues from stores operating for more than one year and revenues from net new stores opened in the last twelve months. GROSS PROFIT AND GROSS PROFIT MARGIN Gross profit in 3Q24 reached Ps. 2,344 million, an increase of 29.7% compared to 3Q23. This increase was driven by higher sales growth. Gross margin was stable over the year, as we passed the benefits of our increased size on to our customers. EXPENSES Sales expenses refer mainly to the expenses of operating our stores, such as the wages of store employees and energy. In 3Q24, sales expenses reached Ps. 1,499 million, a 23.0% increase compared to 3Q23. This rise in sales expenses was driven by the additional new stores opened in the last twelve months, the headcount to operate them, and wage inflation affecting labor costs accumulated during the last twelve months. Despite higher expenses, the Company was able to reduce sales expenses as a percentage of total revenue as a result of operational leverage and increased efficiencies. Sales expenses decreased from 10.7% of total revenue in 3Q23 to 10.1% in 3Q24, a decline of 56 bps. Administrative expenses refer to expenses not related to operating our stores, such as headquarters and regional office expenses. In 3Q24, administrative expenses were Ps. 494 million, a 32.1% increase compared to 3Q23. This was primarily due to: (i) higher personnel expenses driven by our expansion into three new regions (ii) the strengthening of our central HQ teams in IT, purchasing, real estate, human resources, and finance (iii) public company-related expenses, and (iv) recognition of share-based payment expenses. As a percentage of revenue, administrative expenses remained flat in 3Q24 compared to 3Q23. Other income (expense) - net, which includes revenues from asset disposals, reimbursement of costs, and insurance proceeds, among others, amounted to income of Ps. 2 million in 3Q24, as compared to an expense of Ps. 3 million in 3Q23. As a percentage of total revenue, other income (expense) – net decreased by 4 bps. EBITDA AND EBITDA MARGIN In 3Q24, EBITDA reached Ps. 688 million, an increase of 54.0% compared to 3Q23. This increase can be attributed to higher sales and lower sales expenses as a percentage of sales. EBITDA margin for 3Q24 increased by 73 bps to 4.6%. Please see the last section of this release on how we calculate EBITDA and EBITDA Margin, which are non-IFRS financial measures. To allow our investors to better assess our performance, we are providing the following information: FINANCIAL COSTS AND NET PROFIT Financial income reached Ps. 48 million, representing an increase of over 100% compared to 3Q23. This growth was primarily driven by the interest generated from the investment of proceeds derived from our IPO, net of cash used to pay off promissory and convertible notes, and the Company’s other cash positions. Financial costs decreased by 3.9% to Ps. 287 million, primarily due to the absence of interest expenses on promissory and convertible notes, which the Company fully paid in the first quarter of 2024 (“1Q24”). However, the decrease was partially offset by higher interest expenses related to lease liabilities, mainly due to the expansion of our store network. Exchange rate fluctuation resulted in a gain of Ps. 210 million in 3Q24, primarily due to the depreciation of the Mexican peso against the U.S. dollar, which positively impacted the value in Mexican pesos of our U.S. dollar cash position from the IPO proceeds. Income tax expense reached Ps. 66 million in 3Q24 compared to Ps. 113 million in 3Q23. As a result, our net profit for 3Q24 was Ps. 258 million, compared to a net loss of Ps. 339 million for 3Q23. BALANCE SHEET AND LIQUIDITY As of September 30, 2024, the Company reported cash and cash equivalents of Ps. 1,269 million, an increase from Ps. 1,220 million as of December 31, 2023, deployed mainly for working capital purposes. In addition, as of September 30, 2024, the Company held Ps. 2,964 million in U.S. dollar-denominated short-term bank deposits. 9M24 CASH FLOW STATEMENT (In Ps. Millions, except percentages) 9M24 9M23 Growth (%) Net cash flows provided by operating activities Ps. 2,378 Ps. 1,943 22.4% Net cash flows used in investing activities (Ps. 4,172) (Ps. 901) n.m. Net cash flows provided by (used in) financing activities Ps. 1,748 (Ps. 1,027) n.m. Net increase (decrease) in cash and cash equivalents (Ps. 46) Ps. 14 n.m. Our business model continues to generate a significant amount of cash from our negative working capital cycle due to our increasing sales and high inventory turnover. This robust cash flow has enabled us to fund internally our growth initiatives, including the expansion of new stores and distribution centers. The information provided below offers a view of our financial activities in the first nine months of 2024: Net cash flows provided by operating activities increased to Ps. 2,378 million in the first nine months of 2024 (“9M24”) from Ps. 1,943 million in the first nine months of 2023 (“9M23”), an increase of 22.4%. Our net working capital continues to be driven by a favorable ratio of Inventory Days to Payable Days. Net cash flows used in investing activities were Ps. 4,172 million for 9M24, compared to Ps. 901 million in 9M23. This increase was primarily due to the allocation IPO proceeds in short-term U.S. dollar-denominated short-term bank deposits, which is reflected as an investment activity. In addition, spending on the purchasing of property, plant, and equipment (PP&E) reached Ps. 1,642 million, reflecting additional store openings compared to 9M23. Net cash flows provided by financing activities were Ps. 1,748 million in 9M24, compared to Ps. 1,027 million used in 9M23. This decrease is mainly attributed to higher lease payments due to the opening of new stores in the last twelve months, as well as, to a lesser extent, payment of other financial debts. KEY OPERATING METRICS 3Q24 3Q23 Variation (%) Number of Stores Opened 131 92 42.4% Number Distribution Centers Opened 0 1 n.m. Same Store Sales Growth (%) (1) 11.6% 15.4% n.m. (1) We measure “Same Store Sales” using revenue from sales of merchandise from stores that were operational for at least the full preceding 12 months for the periods under consideration. When calculating this measure, we exclude stores that were temporarily closed (for one month or more) or permanently closed during the periods in consideration. We measure Same Store Sales growth by comparing the Same Store Sales of stores that were open during the measurement period. In 3Q24, we opened 131 net new stores, reaching a total of 2,634 stores. This represents a significant increase compared to the 92 net new stores opened in 3Q23, which brought the total number of stores to 2,135 stores by the end of that period. During 3Q24, the Company did not open any distribution centers. Same Store Sales grew by 11.6% for 3Q24, compared to 15.4% for 3Q23. We maintain our leadership in Same Store Sales growth in the Mexican hard discount grocery retail market. Non-IFRS Measures and Other Calculations For the convenience of investors, this release presents certain non-IFRS financial measures, which are not calculated in accordance with IFRS (“non-IFRS financial measures”). A non-IFRS financial measure is generally defined as one that purports to measure financial performance but excludes or includes amounts that would not be so excluded or included in the most comparable IFRS financial measure. Non-IFRS financial measures do not have standardized meanings and may not be directly comparable to similarly titled measures reported by other companies. These non-IFRS financial measures are used by our management for decision-making purposes and to assess our financial and operating performance, generate future operating plans and make strategic decisions regarding the allocation of capital. The non-IFRS financial measures presented herein have limitations as analytical tools, and you should not consider them in isolation or as substitutes for analysis of our results of operations presented in accordance with IFRS. Additionally, our calculations of non-IFRS financial measures may be different from the calculations used by other companies, including our competitors, and therefore, our non-IFRS financial measures may not be comparable to those of other companies. We calculate “EBITDA,” a non-IFRS measure, as net profit (loss) for the period, plus income tax expense, financial costs, net, and total depreciation and amortization. We calculate “EBITDA Margin,” a non-IFRS measure, for a period by dividing EBITDA for the corresponding period by total revenue for such period. Same Store Sales: We measure “Same Store Sales” using revenue from sales of merchandise at stores that were operational for at least the full preceding 12 months for the periods under consideration. Stores that were temporarily closed (for one month or more) or permanently closed during the relevant measurement periods are excluded from this metric. Same Store Sales growth is calculated by comparing the Same Store Sales of stores that were opened and remained open throughout the relevant measurement period. Lease Costs: Consistent with lease accounting required under IFRS 16, total depreciation and amortization includes the depreciation expense of right-of-use-asset corresponding to long-term leases, which is a non-cash expense. Such amounts, together with the interest expense on lease liabilities, is a proxy for but not equal to the Company’s actual cash expenditure incurred in connection with its leased properties. Sales per Store : We define our “Sales per Store” as the average of the revenue from sales of merchandise achieved by our stores that were open for the full year in consideration. When calculating this measure, we exclude stores that were temporarily closed (for one month or more) or permanently closed during the period in consideration. This measure assists our management’s understanding of how store performance has evolved across different vintages. Sales per Store also serves as a benchmark to measure the performance of new stores and is useful to set growth and expansion targets. Inventory Days: We calculate “Inventory Days” to be the average of beginning and end of period inventory balance, divided by cost of sales for the period and multiplied by the number of days during the period. Inventory Days measures the average number of days we keep inventory on hand before selling the product. This operating metric allows us to track our inventory management policies and observe how quickly we are able to rotate inventory, which is key to our cash conversion cycle. Payable Days: We calculate “Payable Days” to be the sum of the average of beginning and end of period balance of suppliers and of accounts payable and accrued expenses, divided by cost of sales for the period and multiplied by the number of days during the period. Payable Days measures the average number of days that it takes us to pay suppliers after receiving goods or services. This metric allows us to track the terms of payment policies with suppliers and our ability to finance our operations through agreements with our suppliers. CONFERENCE CALL DETAILS Tiendas 3B will host a call to discuss the third quarter of 2024 results on November 26, 2024, at 11:00 a.m. Eastern Time. A webinar of the call will be accessible at: https://us06web.zoom.us/webinar/register/WN_GqDGFh_BRHmrS0LuPiQzpA . To join via telephone, please dial one of the domestic or international numbers listed below: Mexico United States +52 558 659 6002 +1 312 626 6799 (Chicago) +52 554 161 4288 +1 346 248 7799 (Houston) +52 554 169 6926 +1 646 558 8656 (New York) Other international numbers available: https://us02web.zoom.us/u/knEOJCJkC The webinar ID is 869 0678 1035 An audio replay from the conference call will be available on the Tiendas 3B website https://www.investorstiendas3b.com after the call. FORWARD-LOOKING STATEMENTS This release includes forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. We base these forward-looking statements on our current beliefs, expectations and projections about future events and trends affecting our business and our market. Many important factors could cause our actual results to differ substantially from those anticipated in our forward-looking statements. Forward-looking statements are not guarantees of future performance. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or to revise any forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this release. The words “believe,” “may,” “should,” “aim,” “estimate,” “continue,” “anticipate,” “intend,” “will,” “expect” and similar words are intended to identify forward-looking statements. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, capital expenditures, financing plans, competitive position, industry environment, potential growth opportunities, the effects of future regulation and the effects of competition. Please refer to our annual report on Form 20-F for the year ended December 31, 2023 filed with the U.S. Securities Exchange Commission (the “SEC”), as well as any subsequent filings made by us with the SEC, each of which is available on the SEC’s website ( www.sec.gov ), for a more extensive discussion of the risks and other factors that may impact any forward-looking statements in this release. Considering these limitations, you should not make any investment decision in reliance on forward-looking statements contained in this release. ABOUT TIENDAS 3B BBB Foods Inc. (“Tiendas 3B”), a proudly Mexican company, is a pioneer and leader of the grocery hard discount model in Mexico and one of the fastest growing retailers in the country as measured by its sales and store growth rates. The 3B name, which references " Bueno, Bonito y Barato " - a Mexican saying which translates to "Good, Nice and Affordable" - summarizes Tiendas 3B’s mission of offering irresistible value to budget savvy consumers through great quality products at bargain prices. By delivering value to the Mexican consumer, we believe we contribute to the economic well-being of Mexican families. In a landmark achievement, Tiendas 3B was listed on the New York Stock Exchange in February 2024 under the ticker symbol “TBBB.” For more information, please visit: https://www.investorstiendas3b.com/ . FINANCIAL STATEMENTS Consolidated Income Statement (Unaudited) For the three months ended September 30, 2024 and September 30, 2023 (In thousands of Mexican pesos) For the Three Months Ended September 30, 2024 2023 % Change Revenue From Sales of Merchandise Ps. 14,807,698 Ps. 11,399,566 29.9% Sales of Recyclables 26,108 25,609 1.9% Total Revenue 14,833,806 11,425,175 29.8% Cost of Sales (12,490,108) (9,618,847) 29.9% Gross Profit Ps. 2,343,698 Ps. 1,806,328 29.7% Gross Profit Margin 15.8% 15.8% Sales Expenses (1,498,500) (1,218,570) 23.0% Administrative Expenses (494,399) (374,347) 32.1% Other Income (Expense) - Net 1,770 (2,865) n.m. Operating Profit Ps. 352,569 Ps. 210,546 67.5% Operating Profit Margin 2.4% 1.8% Financial Income 47,642 7,388 544.9% Financial Costs (286,930) (298,527) (3.9%) Exchange Rate Fluctuation 210,191 (145,667) n.m. Financial Cost - Net (29,097) (436,806) (93.3%) Profit (Loss) Before Income Tax 323,472 (226,260) n.m. Income Tax Expense (65,872) (112,791) (41.6%) Net Profit (Loss) for the Period Ps. 257,600 (Ps. 339,051) n.m. Net Profit Margin 1.7% (3.0%) Basic Earnings (Loss) per Share 2.30 (28.25) Diluted Earnings (Loss) per Share 1.89 (28.25) Weighted Average Common Shares Outstanding: Basic 112,200,752 12,000,000 Diluted 136,283,972 12,000,000 EBITDA Reconciliation Net Profit (Loss) for the Period Ps. 257,600 (Ps. 339,051) n.m. Net Profit Margin 1.7% (3.0%) Income Tax Expense 65,872 112,791 (41.6%) Financial Cost - Net (29,097) (436,806) (93.3%) D&A 335,385 236,225 42.0% EBITDA Ps. 687,954 Ps. 446,771 54.0% EBITDA Margin 4.6% 3.9% Consolidated Income Statement (Unaudited) For the nine months ended September 30, 2024 and September 30, 2023 (In thousands of Mexican pesos) For the Nine Months Ended September 30, 2024 2023 % Change Revenue From Sales of Merchandise Ps. 41,014,985 Ps. 31,694,573 29.4% Sales of Recyclables 77,416 68,282 13.4% Total Revenue 41,092,401 31,762,855 29.4% Cost of Sales (34,414,213) (26,733,603) 28.7% Gross Profit Ps. 6,678,188 Ps. 5,029,252 32.8% Gross Profit Margin 16.3% 15.8% Sales Expenses (4,208,458) (3,431,030) 22.7% Administrative Expenses (1,426,551) (1,033,144) 38.1% Other Income (Expense) - Net 7,066 692 921.1% Operating Profit Ps. 1,050,245 Ps. 565,770 85.6% Operating Profit Margin 2.6% 1.8% Financial Income 109,501 20,510 433.9% Financial Costs (924,055) (1,007,868) (8.3%) Exchange Rate Fluctuation 385,335 403,922 (4.6%) Financial Cost - Net (429,219) (583,436) (26.4%) Profit (Loss) Before Income Tax 621,026 (17,666) n.m. Income Tax Expense (263,033) (191,503) 37.4% Net Profit (Loss) for the Period Ps. 357,993 (Ps. 209,169) n.m. Net Profit Margin 0.9% (0.7%) Basic Earnings (Loss) per Share 3.32 (17.43) Diluted Earnings (Loss) per Share 2.72 (17.43) Weighted Average Common Shares Outstanding: Basic 107,798,668 12,000,000 Diluted 131,924,394 12,000,000 EBITDA Reconciliation Net Profit (Loss) for the Period Ps. 357,993 (Ps. 209,169) n.m. Net Profit Margin 0.9% (0.7%) Income Tax Expense 263,033 191,503 37.4% Financial Cost - Net (429,219) (583,436) (26.4%) D&A 952,086 758,046 25.6% EBITDA Ps. 2,002,331 Ps. 1,323,816 51.3% EBITDA Margin 4.9% 4.2% Consolidated Balance Sheet (Unaudited) As of September 30, 2024 and December 31, 2023 (In thousands of Mexican pesos) As of September 30, As of December 31, 2024 2023 Current assets: Cash and cash equivalents Ps. 1,268,902 Ps. 1,220,471 Short-term bank deposits 2,963,511 - Creditors 3,669 - Derivative financial instruments 7,287 - Sundry debtors 47,523 11,020 VAT receivable 1,061,873 731,186 Advanced payments 134,846 72,998 Inventories 2,524,631 2,357,485 Total Current Assets Ps. 8,012,242 Ps. 4,393,160 Non-Current Assets: Guarantee deposits 37,949 33,174 Property, furniture, equipment, and lease-hold improvements - Net 5,849,141 4,606,300 Right-of-use assets – Net 6,487,974 5,520,596 Intangible assets – Net 6,794 6,771 Deferred income tax 494,588 403,801 Total Non-Current Assets Ps. 12,876,446 Ps. 10,570,642 Total Assets Ps. 20,888,688 Ps. 14,963,802 Current liabilities: Suppliers Ps. 7,855,059 Ps. 7,126,089 Accounts payable and accrued expenses 552,826 322,959 Income tax payable 43,350 2,326 Bonus payable to related parties - 78,430 Short-term debt 915,377 744,137 Lease liabilities 620,019 537,515 Employees’ statutory profit sharing payable 164,062 140,485 Total Current Liabilities Ps. 10,150,693 Ps. 8,951,941 Non-Current Liabilities: Debt with related parties - 4,340,452 Long-term debt 88,273 577,318 Lease liabilities 6,690,227 5,706,707 Employee benefits 28,231 22,232 Total Non-Current Liabilities Ps. 6,806,731 Ps. 10,646,709 Total Liabilities Ps. 16,957,424 Ps. 19,598,650 Stockholders’ equity: Capital stock 8,283,347 471,282 Reserve for share-based payments 1,247,755 851,701 Cumulative losses (5,599,838) (5,957,831) Total Stockholders’ Equity Ps. 3,931,264 Ps. (4,634,848) Total Liabilities and Stockholders’ Equity Ps. 20,888,688 Ps. 14,963,802 Cash Flow Statement (Unaudited) For the three months ended September 30, 2024 and September 30, 2023 (In thousands of Mexican pesos) For the Three Months Ended September 30, 2024 2023 Profit (loss) before income tax Ps. 323,472 (Ps. 226,260) Adjustments for: Depreciation of property, furniture, equipment, and lease-hold improvements 174,009 109,209 Depreciation of right-of-use assets 160,766 126,344 Amortization of intangible assets 610 672 Employee benefits 2,000 (1,936) Interest payable on Promissory Notes and Convertible Notes - 148,916 Interest expense on lease liabilities 263,415 146,859 Interest on debt and bonus payable and amortization of issuance costs 7,108 9,541 Other financial income (44,223) (7,388) Gain on fair value of derivative financial instrument (3,419) - Interests and commissions from credit lines 16,407 - Gain on termination of lease agreements (387) - Exchange fluctuation (210,191) 80,559 Share-based payment expense 126,468 112,268 Increase in inventories (150,579) (165,326) Increase in other current assets and guarantee deposits (154,747) (83,485) Increase in suppliers (including supplier finance arrangements) 572,652 774,672 Increase (decrease) in other current liabilities 113,145 (55,779) Increase (decrease) on bonus payable to related parties - 55,246 Income taxes paid (97,536) (86,113) Net cash flows provided by operating activities Ps. 1,098,970 Ps. 937,999 Purchase of property, furniture, equipment, and lease-hold improvements (651,199) (229,143) Sale of property and equipment (509) 1,467 Additions to intangible assets (563) - Short-term bank deposits 152,970 - Interest earned on short-term investments 40,683 28,923 Net cash flows used in investing activities (Ps. 458,618) (Ps. 198,753) Payments made on reverse factoring transactions-net of commissions received (818,588) (446,317) Finance obtained through supplier finance arrangements 869,064 399,429 Proceeds (payment) from Santander and HSBC credit line (85,086) 339,866 Payment of debt (30,328) (420,366) Interest payment on debt and reverse factoring commissions (23,515) (8,455) Lease payments (396,839) (301,386) Payment of Principal amount of Promissory Notes - - Payment of accrued Interests of Promissory Notes - - Proceeds from initial public offering, net of underwriting fees - - Initial public offering costs - - Net cash flows provided by (used in) financing activities (Ps. 485,292) (Ps. 437,229) Net increase (decrease) in cash and cash equivalents 155,060 302,017 Effect of foreign exchange movements on cash balances (131,395) 34,626 Cash and cash equivalents at beginning of period 1,245,237 664,440 Cash and cash equivalent at end of period Ps. 1,268,902 Ps. 1,001,083 Cash Flow Statement (Unaudited) For the nine months ended September 30, 2024 and September 30, 2023 (In thousands of Mexican pesos) For the Nine Months Ended September 30, 2024 2023 Profit (loss) before income tax Ps. 621,026 (Ps.17,666) Adjustments for: Depreciation of property, furniture, equipment, and lease-hold improvements 468,985 334,184 Depreciation of right-of-use assets 481,244 421,872 Amortization of intangible assets 1,857 1,990 Employee benefits 5,999 - Interest payable on Promissory Notes and Convertible Notes 82,588 459,621 Interest expense on lease liabilities 757,618 526,566 Interest on debt and bonus payable and amortization of issuance costs 29,471 21,676 Other financial income (102,214) (20,510) Gain on fair value of derivative financial instrument (7,287) - Interests and commissions from credit lines 54,378 - Gain on termination of lease agreements (387) - Exchange fluctuation (385,335) (469,030) Share-based payment expense 396,054 302,438 Increase in inventories (167,146) (259,525) Increase in other current assets and guarantee deposits (446,657) (150,082) Increase in suppliers (including supplier finance arrangements) 728,969 1,013,497 Increase (decrease) in other current liabilities 248,169 68,147 Increase (decrease) on bonus payable to related parties (79,351) 11,412 Income taxes paid (309,773) (301,751) Net cash flows provided by operating activities Ps. 2,378,208 Ps. 1,942,839 Purchase of property, furniture, equipment, and lease-hold improvements (1,642,397) (940,202) Sale of property and equipment 1,856 2,454 Additions to intangible assets (1,880) (799) Short-term bank deposits (2,621,393) - Interest earned on short-term investments 91,966 37,354 Net cash flows used in investing activities (Ps. 4,171,848) (Ps. 901,193) Payments made on reverse factoring transactions-net of commissions received (2,266,340) (1,320,996) Finance obtained through supplier finance arrangements 2,385,967 1,334,506 Proceeds (payment) from Santander and HSBC credit line 58,806 300,314 Payment of debt (107,557) (463,437) Interest payment on debt and reverse factoring commissions (76,691) (18,077) Lease payments (1,139,828) (859,684) Payment of Principal amount of Promissory Notes (1,969,602) - Payment of accrued Interests of Promissory Notes (2,955,495) - Proceeds from initial public offering, net of underwriting fees 7,841,837 - Initial public offering costs (23,269) - Net cash flows provided by (used in) financing activities Ps. 1,747,828 (Ps. 1,027,374) Net increase (decrease) in cash and cash equivalents (45,812) 14,272 Effect of foreign exchange movements on cash balances 94,243 1,835 Cash and cash equivalents at beginning of period 1,220,471 984,976 Cash and cash equivalent at end of period Ps. 1,268,902 Ps. 1,001,083 View source version on businesswire.com : https://www.businesswire.com/news/home/20241125235028/en/ CONTACT: INVESTOR RELATIONS CONTACTAndrés Villasis ir@tiendas3b.com KEYWORD: MEXICO UNITED STATES CENTRAL AMERICA NORTH AMERICA FLORIDA INDUSTRY KEYWORD: FAMILY RETAIL OTHER CONSUMER CONSUMER OTHER RETAIL SUPERMARKET FOOD/BEVERAGE SOURCE: Tiendas 3B Copyright Business Wire 2024. PUB: 11/25/2024 04:13 PM/DISC: 11/25/2024 04:11 PM http://www.businesswire.com/news/home/20241125235028/en