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Debt - Summary of Debt (Details)
$ in Thousands, $ in Thousands
Sep. 30, 2024
MXN ($)
Dec. 31, 2023
MXN ($)
Dec. 31, 2023
USD ($)
[7]
Dec. 31, 2022
MXN ($)
Short-term debt:        
Short-term financing of transportation and store equipment $ 115,197 $ 112,142    
Short term document payable   112,142   $ 70,373
Supplier finance arrangement 559,229 [1],[2] 449,850 [1],[2],[3],[4]   338,336 [3],[4]
Credit Lines [2],[5] 240,951 182,145    
Santander credit line [6]   182,145   82,527
Total of short-term debt 915,377 744,137   491,236
Long-term debt:        
Long-term financing of transportation and store equipment 88,273 127,602    
Long term document payable   127,602   95,453
Promissory Notes 449,716 $ 100,397,329 445,281
Total of long-term debt 88,273 577,318   540,734
Total debt: $ 1,003,650 $ 1,321,455   $ 1,031,970
[1] According to an Agreement signed with Santander, the Company’s liability related to the accounts payable factored by its suppliers was allowed to be for an aggregate amount of up to Ps.500,000. As of September 30, 2024 and December 31, 2023, the Company had Ps. 181,229 and Ps. 284,080, respectively, available under this Agreement.
[2] According to the HSBC Agreement, the Company´s liability to HSBC related to the supplier finance arrangement and the credit line for a combined aggregate amount of Ps. 450,000. As of December 31, 2023, the Company did not have an outstanding balance under the credit line; however, as of September 30, 2024, the Company had an outstanding balance under the credit line of Ps. 110,000. Consequently, as of September 30, 2024 and December 31, 2023, the Company had a total available amount of Ps. 99,542 and Ps. 216,070, respectively.
[3] According to the Agreement with Santander, the Company’s liability to Santander related to the accounts payable factored by its suppliers is allowed to be for an aggregate amount of up to Ps.350,000. On December 4, 2023, the Company agreed with Santander to increase the aggregate amount to Ps.500,000. As of December 31, 2023 and 2022, the Company had Ps.284,080 and Ps.11,664, respectively, available under the Agreement with Santander.
[4] According to the HSBC Agreement, the Company's liability to HSBC related to the supplier finance arrangement and the credit line is for a combined aggregate amount of Ps.450,000. As of December 31, 2023, the Company did not have an outstanding balance under the credit line; however, the Company had an outstanding balance related to the supplier finance arrangement and, consequently, the Company had a total available amount of Ps.216,070.
[5] The Company’s liability to Santander related to the credit line had an aggregate amount of up to Ps. 100,000. On December 4, 2023, the Company increased the aggregate amount of the credit line up to Ps. 300,000. As of September 30, 2024 and December 31, 2023, the Company had an available credit line amount of Ps. 169,049 and Ps. 117,855, respectively. In addition, on December 4, 2023, the Company entered into an additional credit line agreement (leased contracts) with Santander for an amount of up to Ps. 200,000.
[6] As of December 31, 2022, the Company’s liability to Santander related to the credit line in an aggregate amount of up to Ps.100,000. On December 4, 2023, the Company increased the aggregate amount of the credit line up to Ps.300,000. As of December 31, 2023 and 2022, the Company had an available credit line amount pending to be withdrawn of Ps.117,855 and Ps.17,473, respectively. In addition, on December 4, 2023, the Company entered into an additional credit line agreement with Santander for an amount of up to Ps.200,000. As of December 31, 2023, the Company had not used this credit line.
[7] Amounts in the “Amount of the Promissory Notes” column are presented in the original issuance amount in US$.