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. reports news around its BeFra consumer products platform, which sells home organization products under the Betterware brand and beauty and personal care products under the JAFRA brand through person-to-person selling networks. Updates commonly address consolidated IFRS results in Mexican pesos, brand-level trends in Mexico, the United States and Latin America, profitability, cash generation and debt leverage.
Company announcements also cover shareholder meeting actions, dividend and capital-structure matters, Board-approved financial information, material agreements and governance items tied to its NYSE-listed shares.
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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.