$TBBB so far correct on 30%+ growth after lapping affected quarters.
They never mentioned it, but stopping to accept 'tarjeta de vales' was always going to subdue growth for 2024.
Now that we're past that, I don't think 32%+ growth for 2025 is unrealistic. Bullish
$TBBB I did some research on their social media (mainly tiktok).
Many folks complain that they don't accept food vouchers ('tarjeta de vales', common benefit provided by employers in Mexico). 3B stopped accepting these vouchers starting September 2023 because the providers charge high commissions (4%).
facebook.com/login/?next=ht...
Now that we lapped all the quarters that were initially affected by the move, I expect that TBBB can return to 30%+ growth for the next quarters. The recent business update already confirmed that for Q4 2024 (32% growth).
Overall I think it's the right move. 4% is more than Amex charges merchants and seems like borderline criminal practice for a government subsidized employee benefit imo.
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