Welcome to our dedicated page for Betterware de Mexico, S.A.P.I. de C.V. news (Ticker: BWMX), a resource for investors and traders seeking the latest updates and insights on Betterware de Mexico, S.A.P.I. de C.V. stock.
Betterware de Mexico, S.A.P.I. de C.V. (NASDAQ: BWMX) is a leading direct-to-consumer company in Mexico, renowned for its innovative home organization products and beauty and personal care items. Founded in 1995, Betterware has consistently focused on enhancing household practicality and hygiene through its vast product portfolio, which spans kitchen and food preservation, bathroom, laundry, cleaning, tech, mobility, bedroom, and wellness products. The acquisition of JAFRA in April 2022 expanded Betterware's offerings to include a prominent beauty and personal care line, encompassing fragrances, color cosmetics, skincare, and toiletries.
The company's operations are divided into two main segments: the Betterware segment, concentrating on home solutions, and the JAFRA segment, focusing on beauty and personal care. The company generates a significant portion of its revenue from the JAFRA segment, underscoring its strong market presence in the beauty industry.
Betterware's business model is characterized by an asset-light approach, allowing for low capital expenditure while achieving sustainable double-digit growth rates. This model is supported by three strategic pillars: Product Innovation, Business Intelligence, and Technology. These pillars enable the company to deliver high-quality products efficiently across Mexico and Guatemala, with ambitious plans for further international expansion.
Recent developments include management changes aimed at supporting Betterware's growth, both domestically and internationally. Andres Campos has been appointed as the Betterware Group CEO, overseeing both the Betterware and JAFRA brands. Additionally, the company has executed several strategic initiatives to stabilize and grow its operations in the United States, including the establishment of Betterware U.S. with headquarters in Dallas, Texas, and the creation of the B Hero product line to support the Mexican Olympic team.
Financially, Betterware has demonstrated robust performance, with double-digit revenue growth and strong profitability. The company's focus on cost efficiencies and capital structure improvements has resulted in a significant reduction in leverage ratios. Looking ahead, Betterware aims to continue its growth trajectory by expanding its market presence in Mexico and the United States, leveraging its strong foundation and strategic execution to achieve long-term success.
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.
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.
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