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 de México, S.A.P.I. de C.V. (NYSE: BWMX), also known as BeFra, is a direct-to-consumer company in the electronic shopping and retail trade sector. Founded in 1995, it focuses on products that address household organization, practicality, space-saving and hygiene through its Betterware segment, and on beauty and personal care through its JAFRA segment. The company distributes its products in Mexico and the United States of America and highlights an asset-light, low fixed-cost structure.
This BWMX news page aggregates company announcements and market-facing communications so investors can follow how management describes the evolution of the business. Typical items include quarterly earnings releases furnished on Form 6-K, where BeFra reports consolidated net revenue, EBITDA, margins, free cash flow, leverage ratios and the performance of Betterware Mexico, JAFRA Mexico and JAFRA US. These releases often discuss macroeconomic conditions in Mexico and the U.S., consumer demand trends, and the behavior of the company’s Associate and Distributor bases.
Visitors will also find news about dividend declarations approved at shareholders’ meetings, including aggregate dividend amounts and per-share figures before and after tax withholdings, along with payment and record dates. Additional updates can cover guidance ranges for annual net revenue and EBITDA, international expansion initiatives for the Betterware brand in Latin America, and participation in investor conferences.
By reviewing the BWMX news feed, readers can see how Betterware de Mexico presents its strategy around its Betterware and JAFRA brands, its person-to-person sales model, and its focus on profitability, free cash flow generation and deleveraging. This page is useful for tracking the company’s own narrative about its operating environment, capital allocation, and progress on its long-term growth plans.
BeFra (NYSE:BWMX) reported Q4 2024 financial results, achieving 11.1% revenue growth driven by Jafra Mexico's 22.2% increase and Betterware Mexico's 1.5% growth. Full-year revenue rose 8.4%, with EBITDA growing 2.0% to $2,775M.
Q4 gross margin improved by 116 bps, with Betterware Mexico expanding 675 bps. However, Q4 adjusted EBITDA declined 5.8% due to Jafra Mexico's 17.3% EBITDA drop, partially offset by Betterware Mexico's 31.8% EBITDA growth.
Key financial metrics include:
- Net Debt-to-EBITDA: 1.76x (down from 1.83x in Q4 2023)
- Free cash flow: ~69% of EBITDA
- Proposed Q4 dividend: $250M Pesos
The company announced a restatement of financial statements due to cost classification issues in Jafra Mexico, though this had no effect on net revenues, EBITDA, or net income. Management expects mid-to-high single-digit growth in both net revenue and EBITDA for 2025.
Betterware de México (NYSE:BWMX) has scheduled its fourth quarter 2024 earnings release and conference call. The company will release its financial results after the U.S. market close on Thursday, February 27, 2025. A conference call to discuss the results will be held at 5:30 p.m. Eastern Time on the same day.
Investors can access the conference call through U.S. toll-free number 1-877-451-6152 or international number 1-201-389-0879, using passcode 13751208. A live webcast will be available on the company's investor relations website. A replay of the call will be accessible from February 27, 2024, through March 13, 2025, using U.S. toll-free number 1-844-512-2921 or international number 1-412-317-6671.
Betterware de México (NYSE:BWMX) has announced the approval of a dividend payment totaling MX $250 million. The dividend represents approximately US $0.3378 per share before tax withholdings and US $0.3041 per share after tax withholdings. Shareholders of record as of November 8, 2024 will receive the dividend payment on November 15, 2024.
BeFra (NYSE:BWMX) reported strong Q3 2024 results with net revenue growing 6.6% year-over-year to 3.33B pesos. Adjusted EBITDA increased 11.7% to 591.6M pesos, while adjusted net income decreased 8.4% to 180.5M pesos. The company saw growth across all business units, with Betterware Mexico achieving its fourth consecutive quarter of growth and Jafra Mexico delivering exceptional 9.2% growth.
Free Cash Flow increased 41.9% to 417.4M pesos, driven by efficient working capital management. The company's Net Debt to EBITDA ratio improved to 1.76x from 2.08x year-over-year. A quarterly dividend of 250M pesos was proposed, pending approval.
Betterware de México (NYSE:BWMX), also known as BeFra, has announced its upcoming third quarter 2024 earnings release and conference call details. The company will report its Q3 2024 results after the U.S. market close on Thursday, October 24, 2024. A conference call to discuss the results is scheduled for 5:30 p.m. Eastern Time on the same day.
Interested parties can access the call via the following methods:
- U.S. toll-free dial-in: 1-877-451-6152
- International dial-in: 1-201-389-0879
- Live webcast: Available on the company's investor relations website
The passcode for the call is 13749450. A replay will be available from October 24 through November 07, 2024, accessible via U.S. toll-free (1-844-512-2921) and international (1-412-317-6671) numbers, using the same passcode.
Betterware de México (NYSE: BWMX) has appointed Olga Botero as an Independent Director to its Board, effective October 17, 2024. This appointment brings the total number of Board members to twelve, with nine being Independent Directors. Ms. Botero brings over 20 years of experience in digital technology, cybersecurity, and risk management across various industries.
Ms. Botero is the founder and Chair of SECCURI, and founder and CEO of C&S Customers and strategy. She currently serves on several boards, including ALTIPAL, Grupo Coppel, and Evertec Inc. Her educational background includes degrees in computer science, finance, and e-business, as well as various management programs from prestigious institutions.
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.