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.
Betterware de Mexico (NASDAQ: BWMX) reported Q3 2022 results, revealing a 37% decline in net revenue to Ps. 1,489.6 M compared to Q3 2021, primarily due to weak consumer spending and high inflation. Despite challenges, the company anticipates resuming growth and increasing profitability in 2023, driven by stabilized sales force and synergies from its JAFRA acquisition. Gross margin decreased to 54%, while EBITDA dropped 62% to Ps. 266.8 M. JAFRA's strong performance, with 11% revenue growth, bolstered overall results, showing a promising path forward.
Betterware de Mexico (NASDAQ: BWMX) announced the appointment of Alejandro Ulloa as Chief Financial Officer, effective October 3, 2022. Ulloa brings significant financial expertise from prior roles at Citelis and General Electric. He replaces Carlos Doormann, who transitions to Corporate Chief Investor Relations and Strategy Projects. Executive Chairman Luis G. Campos expressed confidence in Ulloa's capabilities to enhance the company's financial strategies and growth potential, particularly in the beauty category following the acquisition of Jafra.
Betterware de México (BWMX) announced the release of its third quarter fiscal year 2022 results after the U.S. market closes on October 27, 2022. A conference call will follow at 9:00 AM ET on October 28, 2022, where the company will discuss its earnings. Betterware is recognized for its innovative household products and has experienced double-digit growth, focusing on product innovation and robust distribution. The company also operates in Guatemala and is eyeing further international expansion.
Betterware de Mexico (NASDAQ: BWMX) reported its Q2 2022 financial results, revealing a 25% increase in consolidated net revenues to Ps. 3,242.9M, boosted by the JAFRA acquisition. However, EBITDA declined by 20% year-over-year to Ps. 595.3M, with net income down 45% to Ps. 252.0M. The company adjusted its full-year guidance, expecting lower net revenues and EBITDA due to a challenging external environment. Despite these challenges, Betterware’s gross margin improved to 69.1%. The firm maintains a focus on growth opportunities in Mexico and the U.S., fueled by innovative product lines and strategic initiatives.
Betterware de México, S.A.P.I. de C.V. (NASDAQ: BWMX) will announce its Q2 fiscal year 2022 results on July 28, 2022, after the market closes. A conference call will follow on July 29, 2022, at 9:00 a.m. ET to discuss earnings and the recent acquisition of JAFRA. This acquisition enhances Betterware's position in the Beauty and Personal Care sector, expanding its market reach into the U.S. The company emphasizes its asset-light model and has demonstrated strong profitability and double-digit revenue growth.
Betterware de México disclosed that its controlling shareholder, Campalier, S.A. de C.V., acquired 100,000 shares for approximately US$1.3 million, increasing its ownership to 53.6% of the company's shares. Executive Chairman Luis G. Campos stated this purchase reflects confidence in their business model, emphasizing product innovation, business intelligence, and technology as growth pillars. The company believes its share price does not currently reflect its underlying value, leading to a focus on executing strategic initiatives for long-term growth.
Betterware de Mexico (BWMX) reported Q1 2022 financial results, showing a 36% year-over-year drop in net revenue to Ps. 1,869.1 million due to a tough comparison against Q1 2021, which was the company’s best quarter. Gross margin improved by 610 basis points to 63.6%, while EBITDA fell 41% to Ps. 547.8 million. The company completed the acquisition of Jafra's operations and expects to enhance its market presence in Mexico and the U.S. Despite external challenges, Betterware remains optimistic about long-term growth and aims for 40% household penetration in Mexico by 2025.
Betterware de México has successfully completed the acquisition of JAFRA's operations in Mexico and the United States, alongside global trademark rights, from the Vorwerk Group, following approval from Mexico’s antitrust agency, COFECE. The acquisition enhances Betterware's offerings in beauty and personal care, tapping into JAFRA's strong market presence and its 443,000 independent sales consultants. Betterware aims to implement best practices, improve operational efficiency, and boost revenue growth by leveraging JAFRA's established business model while maintaining its autonomy as a subsidiary.
Betterware de México (Nasdaq:BWMX) will release its Q1 FY 2022 results on April 28, 2022, after U.S. market close. A conference call is scheduled for April 29, 2022, at 9:00 a.m. ET to discuss the results. The earnings release is pivotal for investors as it reflects the company's performance amidst its plans for international expansion and product innovation. Betterware, a leader in the direct-to-consumer segment in Mexico, aims to sustain its double-digit growth through strategic pillars in Product Innovation, Business Intelligence, and Technology.
Betterware de México (Nasdaq: BWMX) announced that its controlling shareholder, Campalier, purchased 321,964 shares for approximately $4.8 million USD. This transaction increases Campalier's ownership to around 53.4% of Betterware's outstanding shares. Luis G. Campos, Executive Chairman, expressed confidence in the company's growth strategy, emphasizing product innovation, business intelligence, and technology as key pillars for future profitability. The purchase reflects belief that the current share price underestimates the business's value.