Financial PerformanceTiendas 3B reported an unexpected net loss of Ps23.6mn on Ps70mn in non-recurring pre-tax charges, higher expenses, and taxes.
Non-recurring ExpensesTBBB also incurred Ps140-165mn in non-recurring expenses, largely related to its IPO, compliance requirements and other obligations.
Stock MovementShares are expected to trade off on news of the offering and some expense related concerns.