Welcome to our dedicated page for Betterware Mex news (Ticker: BWMX), a resource for investors and traders seeking the latest updates and insights on Betterware Mex stock.
Betterware Mex (BWMX) delivers innovative home organization solutions and beauty products through its direct-to-consumer model. This news hub provides investors and market observers with essential updates about the company's operational developments and market position.
Access real-time information about earnings announcements, product innovations, and corporate milestones. Our curated collection features official press releases and verified news covering both business segments: Betterware's household solutions and JAFRA's beauty offerings.
Key updates include financial performance reports, strategic partnerships, leadership changes, and expansion initiatives. The resource serves as a reliable reference for tracking the company's progress in Mexico and its growing U.S. presence.
Bookmark this page for streamlined access to BWMX's latest developments. Check regularly for updates on product launches, distributor network growth, and operational strategies that drive this Nasdaq-listed company's success.
Betterware de México (NYSE: BWMX) reported its Q2 2024 results, showing an increase in net revenue by 5.3% YoY to Ps. 3,389M, and 7.8% YoY for H1 2024 to Ps. 6,992M. Despite revenue growth, EBITDA declined by 8.5% YoY to Ps. 656M with margins contracting to 19.4% from 22.3% YoY. The company attributed this to temporary gross margin contraction and higher import taxes.
Net income increased by 16.4% YoY to Ps. 301M, driven by lower net financing costs. EPS rose by 16.4% YoY to Ps. 8.06.
Betterware Mexico saw a 2.2% YoY increase in net revenue but faced challenges with a 31.4% YoY drop in EBITDA. Jafra Mexico and Jafra US showed promising growth with revenue increases of 9.0% and 1.2% YoY respectively. The company expects positive EBITDA in H2 2024 and maintains its 2024 guidance for revenue and EBITDA growth.
Additionally, Betterware is implementing strategies for inventory reduction, cost control, and international expansion, with a focus on launching in the US and Peru.
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.
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.
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.
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.
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.
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.
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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