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 (Nasdaq: BWMX) announced its first quarter fiscal year 2023 results will be released on April 27, 2023, after U.S. market close. A conference call to discuss these results will occur on April 28, 2023, at 9:00 a.m. Eastern Time. The company, a leading direct-to-consumer firm in Mexico, specializes in innovative household products and has expanded into the U.S. market following the acquisition of JAFRA on April 7, 2022. Betterware operates an asset-light business model and has a record of strong profitability and double-digit revenue growth. The company distributes products in Mexico, Guatemala, and the U.S.
Betterware de Mexico (NASDAQ: BWMX) announced its financial results for Q4 and FY 2022. The company's net revenue for Q4 reached Ps. 3.23 billion, a 48% increase, with strong contributions from its recent acquisition, Jafra. However, on a comparable basis, net revenue declined by 37.1% due to a reduced associate base. The consolidated gross margin expanded to 69.7% from 53.7% year-over-year. Betterware's EBITDA fell 19.4% for the fiscal year, while net income for 2022 decreased by 59.3% to Ps. 735 million. The company expects net revenue growth of 15%-23% in 2023, driven by strategic initiatives and market expansion.
Betterware de México (BWMX) is set to release its fourth quarter and fiscal year 2022 results on February 23, 2023, after U.S. market close. A conference call will follow on February 24, at 9:00 a.m. ET, to discuss the financial outcomes. The company, a leader in direct-to-consumer sales in Mexico, emphasizes its expansion following the acquisition of JAFRA on April 7, 2022, enhancing its portfolio in beauty and personal care products. Betterware aims to leverage its asset-light model for continued growth and profitability, with a strong track record of revenue growth and cash flow generation.
Betterware de Mexico has appointed Karalee Mora as the new CEO of JAFRA USA, effective November 1, 2022. With 18 years in direct selling and previous experience as Senior VP Marketing at Perfectly Posh, Mora aims to enhance JAFRA USA's growth by mirroring strategies from JAFRA Mexico. The company is targeting breakeven results by mid-2023 and expects net revenue growth by Q3 2023 while also expanding its demographic reach beyond the Hispanic market. Judith Sanchez has been offered a new role as Director of Business Development.
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