Q1 2026 Betterware de Mexico SAPI de CV Earnings Call Transcript
Key Points
- Betterware de Mexico SAPI de CV (BWMX) reported a slight revenue growth of 0.3% year-over-year and a significant EBITDA growth of 14%, with an expansion in EBITDA margin from 15.3% to 17.4%.
- The company is diversifying its revenue mix and expects further acceleration with the anticipated approval of the Tupperware transaction, which is projected to contribute significantly to earnings per share.
- Betterware's expansion into Ecuador and improved performance in Guatemala have increased their contribution to total revenue from 0.1% to 0.7% over the past year.
- The company has successfully reduced its net debt-to-EBITDA ratio to 1.5 times, demonstrating improved financial strength and capital efficiency.
- Betterware de Mexico SAPI de CV (BWMX) continues to advance its strategic pillars, including regional expansion, digital transformation, and maintaining strict financial discipline, which are expected to support sustainable long-term growth.
- Revenue growth at the group level remained modest due to a temporary slowdown in Jafra Mexico, which was affected by a focus on productivity rather than associate base expansion.
- Extraordinary expenses related to the Tupperware transaction impacted the EBITDA margin, which would have been higher without these costs.
- The associate base in Jafra Mexico declined, affecting overall growth, although initiatives are being implemented to address this issue.
- The company faces potential pressures from volatility in oil prices, which could impact freight and raw material costs, although strategies are in place to mitigate these effects.
- Despite the positive outlook, the approval of the Tupperware transaction is still pending, which could delay the expected benefits from this acquisition.
Thank you, and welcome to BeFra's first-quarter 2026 earnings conference call. Before BeFra management begins their prepared remarks, please note the disclaimer regarding forward-looking statements on slide 2, to remind participants that this call may contain forward-looking statements which are subject to various risks and uncertainties that could cause actual results to differ materially from expectations.
Please consider these statements alongside the questionary language and Safe Harbor statement in today's earnings release, as well as the risk factors outlined in BeFra's SEC filings. BeFra undertakes no obligation to update any forward-looking statements. A reconciliation of and other information regarding non-GAAP financial measures discussed on this call can be found in the earnings release published earlier today, as well as the investor section of the company website.
Present on today's call are BeFra's President and Chief Executive Officer, Andres Campos and Chief Financial Officer, Raul del Villar.
Now, I would like to turn the call over to Mr. Campos. Please go
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
