Betterware de México, S.A.P.I. de C.V. Announces Fourth Quarter and Fiscal Year 2022 Earnings Release Date, Conference Call and Webcast

Rhea-AI Summary

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.

Positive

• Acquisition of JAFRA on April 7, 2022, expands product offerings in beauty and personal care.
• Strong profitability and double-digit revenue growth rates.
• Asset-light business model with low capital expenditure requirements.

Negative

• None.

GUADALAJARA, JALISCO, Mexico, Feb. 9, 2023 /PRNewswire/ -- Betterware de México, S.A.P.I. de C.V. (Nasdaq:BWMX) ("Betterware" or the "Company"), today announced that the Company will release its fourth quarter and fiscal year 2022 results after the U.S. stock market closes on Thursday, February 23, 2023. The Company will hold a conference call to discuss its results at 9:00 a.m. (Eastern Time) on Friday, February 24, 2023.

The U.S. toll free dial-in for the conference call is 1-877-451-6152 and the international dial-in number is 1-201-389-0879. A live webcast of the conference call will also be available on the investor relations page of the company's website at www.investors.betterware.com.mx. The passcode is 13736038.

For those unable to participate in the conference call, a replay will be available after the conclusion of the call on February 24, 2023, through March 10, 2023. The U.S. toll-free replay dial-in number is 1-844-512-2921 and the international replay dial-in number is 1-412-317-6671. The replay passcode is 13736038.

About Betterware de México, S.A.P.I. de C.V.

Founded in 1995, Betterware de Mexico is the leading direct-to-consumer company in Mexico focused on offering innovative products that solve specific needs regarding organization, practicality, space saving and hygiene within the household. With the acquisition of JAFRA on April 7, 2022, the Company now offers a leading brand of Direct Selling in the Beauty and Personal Care products industry in Mexico and the United States where it offers Fragrances, Color & Cosmetics, Skin Care and Toiletries. The combined company possesses an asset-light business model with low capital expenditure requirements and a track record of strong profitability, double digit rates of revenue growth and free cash flow generation. Today, the Company distributes its products in Mexico and Guatemala, and with its recent acquisition, it now has presence in the United States with JAFRA.

Contacts:

Company:
Betterware IR
ir@better.com.mx
+52 (33) 3836 0500 Ext. 2011
Or:
ICR
Investor Relations:
Allison Malkin
203-682-8225
Public Relations
Alecia Pulman
203-682-8224

 

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SOURCE Betterware de México, S.A.B. de C.V.

FAQ

When will Betterware de México release its fourth quarter and fiscal year 2022 earnings?

Betterware de México will release its earnings on February 23, 2023, after U.S. stock market close.

What time is the Betterware de México conference call to discuss earnings?

The conference call to discuss the earnings will be held on February 24, 2023, at 9:00 a.m. Eastern Time.

What is BWMX's recent acquisition?

BWMX acquired JAFRA on April 7, 2022, enhancing its position in the beauty and personal care market.

What is Betterware de México's business model?

Betterware operates an asset-light business model focused on direct-to-consumer sales in Mexico and the U.S., aiming for strong profitability and revenue growth.