Jorge Izquierdo - BTG Pactual
Andrew Ruben - Morgan Stanley
Daniela Bretthauer - HSBC
Good morning everyone and welcome. My name is Leonor and I will be your conference operator. Welcome to Tiendas 3B Third Quarter 2024 Conference Call. All lines have been placed on mute to prevent any background noise. There will be a question and answer session after the speaker's remarks and instructions will be given at that time. [Operator Instructions].
Also, please note that this call is for investors and analysts only. Questions from the media will not be taken nor should the call be reported on.
Any forward-looking statements made during this conference call are based on information that is currently available to us. Today we're joined by Tiendas 3B's Chief Executive Officer, Anthony Hatoum and Chief Financial Officer Eduardo Pizzuto.
I will now turn the call over to Anthony. Please go ahead.
Anthony Hatoum
Good morning everyone and thank you for joining 3B's third quarter 2024 earnings call. I will begin with a review of our operating results for the quarter and Eduardo Pizzuto, our CFO will follow me and will provide an overview of our financial performance. We will then open the floor for Q&A.
I am pleased to report another strong quarter for 3B. This quarter we opened 131net new stores bringing our total store count to 2,634 as of September 30th. Same-store sales for the quarter grew by 11.6% year on year while total revenues increased by 29.8% to reach PS.14.8 billion. Third quarter EBITDA reached PS.688 million. That is a 54% year-on-year increase. We prefer to measure cash flows on a cumulative year-to-year basis. Our quarterly numbers are available in our