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Betterware de México, S.A.P.I. de C.V. - BWMX STOCK NEWS

Welcome to our dedicated page for Betterware de México, S.A.P.I. de C.V. news (Ticker: BWMX), a resource for investors and traders seeking the latest updates and insights on Betterware de México, S.A.P.I. de C.V. stock.

Betterware de Mexico, S.A.P.I. de C.V. (NASDAQ: BWMX) is a leading direct-to-consumer company in Mexico, renowned for its innovative home organization products and beauty and personal care items. Founded in 1995, Betterware has consistently focused on enhancing household practicality and hygiene through its vast product portfolio, which spans kitchen and food preservation, bathroom, laundry, cleaning, tech, mobility, bedroom, and wellness products. The acquisition of JAFRA in April 2022 expanded Betterware's offerings to include a prominent beauty and personal care line, encompassing fragrances, color cosmetics, skincare, and toiletries.

The company's operations are divided into two main segments: the Betterware segment, concentrating on home solutions, and the JAFRA segment, focusing on beauty and personal care. The company generates a significant portion of its revenue from the JAFRA segment, underscoring its strong market presence in the beauty industry.

Betterware's business model is characterized by an asset-light approach, allowing for low capital expenditure while achieving sustainable double-digit growth rates. This model is supported by three strategic pillars: Product Innovation, Business Intelligence, and Technology. These pillars enable the company to deliver high-quality products efficiently across Mexico and Guatemala, with ambitious plans for further international expansion.

Recent developments include management changes aimed at supporting Betterware's growth, both domestically and internationally. Andres Campos has been appointed as the Betterware Group CEO, overseeing both the Betterware and JAFRA brands. Additionally, the company has executed several strategic initiatives to stabilize and grow its operations in the United States, including the establishment of Betterware U.S. with headquarters in Dallas, Texas, and the creation of the B Hero product line to support the Mexican Olympic team.

Financially, Betterware has demonstrated robust performance, with double-digit revenue growth and strong profitability. The company's focus on cost efficiencies and capital structure improvements has resulted in a significant reduction in leverage ratios. Looking ahead, Betterware aims to continue its growth trajectory by expanding its market presence in Mexico and the United States, leveraging its strong foundation and strategic execution to achieve long-term success.

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Betterware de Mexico (NYSE:BWMX), also known as BeFra, has announced plans to pay a dividend of MX $250,000,000, subject to shareholder approval. This translates to approximately US $0.3398 per share after tax withholdings. The dividend is scheduled to be paid on August 7, 2024, to shareholders of record as of July 30, 2024. The announcement is pending formal approval at the shareholders meeting set for July 19, 2024. This move demonstrates BeFra's commitment to returning value to its shareholders and may indicate positive financial performance for the company.

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Betterware de México (BWMX) has announced that it will release its second quarter 2024 financial results after the U.S. market closes on July 25, 2024. The company will host a conference call to discuss these results on July 26, 2024, at 9:00 a.m. Eastern Time. Investors can join the call via U.S. toll-free dial-in at 1-877-451-6152 or international dial-in at 1-201-389-0879. A live webcast will also be accessible on the investor relations page of Betterware's website. For those unable to attend, a replay will be available from July 26 through August 9, 2024, with U.S. toll-free replay dial-in at 1-844-512-2921 and international replay dial-in at 1-412-317-6671 using passcode 13747694.

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Betterware de Mexico (BWMX) announced the transfer of its common stock listing from Nasdaq to the New York Stock Exchange (NYSE). The transition will occur on June 7, 2024, with the stock continuing under the ticker symbol 'BWMX'. Luis Campos, Chairman, highlighted the stability and reduced volatility offered by NYSE's hybrid trading model. CEO Andres Campos emphasized the strategic benefits of NYSE's global visibility and advanced market infrastructure. John Tuttle, Vice Chair of NYSE Group, welcomed Betterware, noting the advantages of joining NYSE's global community of leading companies.

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BeFra, listed on Nasdaq under BWMX, has announced the appointment of Diego Gaxiola as an Independent Director to its Board, effective May 13, 2024. The Board now comprises eleven members, eight of whom are Independent Directors. Gaxiola brings over 20 years of experience, having served as Global CFO at Grupo Bimbo and previously as CFO at Alsea. His expertise is expected to support BeFra's domestic and international growth strategies.

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Betterware de Mexico, a leading consumer products company, has expanded to the U.S. market with its new brand, Betterware U.S. The company's strategic move aims to capitalize on the growing demand for innovative consumer products. Betterware's U.S. headquarters in Dallas, Texas, will serve as a hub for its operations in the country. The expansion aligns with the company's commitment to international growth and product innovation. Betterware's reputation for quality and entrepreneurship positions it well for success in the U.S. market.

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Betterware de México, S.A.P.I. de C.V. (Nasdaq: BWMX) announced a dividend payment of MX $250 million, equivalent to US $0.3515 per share, subject to shareholders' approval. The dividend will be paid on May 23, 2024, to shareholders of record as of May 15, 2024.

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Betterware de México, S.A.P.I. de C.V. (Nasdaq: BWMX) clarifies the sale of the Jafra México office building in Mexico City, contradicting a previous news article. The property sale will generate Ps. 385.7 million over three years to reduce debt. Jafra México will move to a new, modern office building to enhance competitiveness and attract talent.

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Betterware de México, S.A.P.I. de C.V. (Nasdaq: BWMX) reported its Q1 2024 financial results, highlighting a 10.4% YoY increase in net revenue, a 15.4% growth in EBITDA, and a 56.5% surge in net income. Betterware Mexico and Jafra Mexico showed strong performance, with Jafra Mexico's EBITDA increasing by 38.0%. Betterware US was launched in April 2024, focusing on the Hispanic market in Texas. The company aims to reduce costs, control inventory levels, and expand its operations in Peru in 2025.
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Betterware partners with the Mexican Olympic Committee to support athletes representing Mexico at the 2024 Olympiad. The company introduces the B Hero product line, donating a portion of sales to fund the Mexican athletes. Betterware's long-standing interest in promoting sports and healthy lifestyles is showcased through this initiative.
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Betterware de México, S.A.P.I. de C.V. (Nasdaq:BWMX) announces the release of its first quarter 2024 results on April 25, 2024. A conference call to discuss the results will be held on April 26, 2024, at 9:00 a.m. (Eastern Time). Investors can access the call via dial-in or webcast. A replay will be available until May 10, 2024.
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FAQ

What does Betterware de Mexico do?

Betterware de Mexico is a direct-to-consumer company offering home organization and beauty products, focusing on practicality, space-saving, and hygiene solutions.

What are the main business segments of Betterware de Mexico?

The company operates through two segments: Betterware for home organization products and JAFRA for beauty and personal care products.

What recent acquisitions has Betterware de Mexico made?

In April 2022, Betterware acquired JAFRA, a leading brand in the beauty and personal care industry.

Who is the current CEO of Betterware de Mexico?

Andres Campos is the CEO of the Betterware Group, which includes both the Betterware and JAFRA brands.

What are Betterware's strategic pillars?

Betterware's strategic pillars are Product Innovation, Business Intelligence, and Technology.

How is Betterware de Mexico expanding internationally?

Betterware has recently expanded to the United States, establishing its headquarters in Dallas, Texas, and launching Betterware U.S.

How does Betterware support Mexican athletes?

Betterware launched the B Hero product line to support the Mexican Olympic team, donating a portion of sales to fund the athletes.

What financial milestones has Betterware achieved recently?

Betterware has achieved double-digit revenue growth, increased profitability, and reduced its leverage ratio significantly.

What is the significance of Betterware's business model?

Betterware's asset-light business model allows for low capital expenditure while achieving sustainable growth and strong profitability.

What are Betterware's plans for future growth?

Betterware aims to expand its market presence in Mexico and the U.S. while focusing on cost efficiencies and strategic execution to ensure long-term success.

Betterware de México, S.A.P.I. de C.V.

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