Betterware Mex - BWMX STOCK NEWS

Betterware de Mexico announced its participation in the upcoming Shareholder Equity Conference on September 27, 2021, at 12:00 p.m. ET. The event, designed for retail investors, will feature a fireside chat format, accessible through a live webcast. Betterware, recognized for its rapid growth, has achieved a CAGR of 57% over the last five years, focused on home organization products. The company's innovative strategies and strong distribution network contribute to its sustained market success.

Betterware de Mexico has authorized a stock repurchase program of up to $50 million as part of its strategy to enhance shareholder value. The company plans to execute this buyback until December 31, 2022, utilizing available cash and market conditions to repurchase shares in various ways, including open market transactions. Executive Chairman Luis G. Campos expressed confidence in the company's prospects, citing a strong balance sheet and cash flow as key enablers for this initiative. The program will not affect the current dividend policy.

Betterware de Mexico (BWMX) reported strong financial results for Q2 2021 ending June 30, with revenue of Ps. $2,594.5 million, an 81% increase year-over-year. EBITDA rose 92% to Ps. $746.9 million, marking an EBITDA margin of 28.8%. Net income also surged, reaching Ps. $460.9 million, a 72% increase. The company’s average distributors and associates grew by 109% and 110%, respectively. H1 2021 revenue reached Ps. $5,496.1 million, a 130% increase. The company is optimistic about achieving its updated full-year guidance for revenue (Ps. $10.8B to $11.3B) and EBITDA (Ps. $3.2B to $3.4B).

Betterware de México, S.A.B. de C.V. (Nasdaq:BWMX) will release its second quarter fiscal year 2021 results on August 5, 2021, after the U.S. market closes. A conference call is scheduled for 9:00 a.m. ET on August 6, 2021, accessible via dial-in or live webcast. Betterware, a leader in direct-to-consumer sales in Mexico, has demonstrated impressive growth with a CAGR of 57% over the last five years. The Company focuses on home organization solutions, supported by a robust infrastructure and strategic initiatives in Product Innovation, Business Intelligence, and Technology.

Betterware de México (Nasdaq: BWMX) announced participation in the Jefferies Social Selling Summit on May 26, 2021, at 2:30 PM ET, and will host meetings at Citi's Day of Direct Selling Conference on May 27, 2021. Led by Luis Campos and Andres Campos, the company showcased its significant growth, achieving a 25% CAGR from 2003-2020 and an accelerated 57% CAGR in the last five years. Betterware's extensive product range focuses on home solutions, supported by 66,500 distributors and a robust infrastructure for nationwide delivery.

Betterware de Mexico S.A.B. de C.V. (NASDAQ: BWMX) reported remarkable Q1 2021 results, achieving revenue of Ps. $2,901.7 million, a surge of 205% year-over-year. EBITDA rose to Ps. $923.1 million, reflecting a 287% increase, while net income reached Ps. $638.5 million, marking a 339% growth. The company introduced 50 new products and expanded its distributor network to 66.4 thousand, a 158% increase. Future guidance suggests net revenue between Ps. $10,100M to $11,100M for FY 2021, driven by strategic market penetration and geographic expansion.

Betterware de México (Nasdaq: BWMX) has announced its first-quarter fiscal year 2021 earnings release scheduled for May 6, 2021, after market close. A conference call to discuss the results will take place on May 7, 2021, at 9:00 a.m. ET. Betterware has demonstrated a strong revenue growth trajectory with a 57% CAGR over the past five years. With a well-established infrastructure and a focus on product innovation, the company aims to enhance its market presence in the home organization and solutions market.

Betterware de México (NASDAQ: BWMX) has acquired 60% of GurúComm, a mobile virtual network operator (MVNO) and communications software developer, for an enterprise value of approximately $75 million pesos ($3.5 million USD). The acquisition is expected to enhance Betterware's offerings in the home technology solutions segment, leveraging its extensive distribution network of 1.3 million distributors. GurúComm will operate as Betterware Connect, aiming to disrupt the Mexican MVNO market and expand its revenue sources. The acquisition is not anticipated to materially affect fiscal year 2021 results.

Betterware de Mexico (NASDAQ:BWMX) reported strong financial results for Q4 and FY 2020. Q4 revenue reached Ps. $2,601 million, a 229% increase from Q4 2019, while total revenue for FY 2020 was Ps. $7,260 million, a 135% increase year-on-year. EBITDA for Q4 increased by 254% to Ps. $807 million, and annual EBITDA grew by 154% to Ps. $2,164 million. The company's EPS for Q4 was $1.49 and adjusted EPS was $18.64, marking a 448% rise. Betterware also expanded its distributor base by 187% and ended 2020 with Ps. $650 million in cash.