Q2 2026 Betterware de Mexico SAPI de CV Earnings Call Transcript
Key Points
- Betterware de Mexico SAPI de CV (BWMX) reported strong organic growth with a 4.1% increase in revenue compared to the second quarter of last year.
- The acquisition of Tupperware's Latin America operations contributed significantly to revenue, increasing total revenue by 16.8% in the quarter.
- The company maintained a strong financial position with a pro forma net debt to trailing 12 months EBITDA ratio of 1.6x, consistent with pre-acquisition levels.
- Cash generation remained robust, with over 70% of EBITDA converted into free cash flow during the quarter.
- The company increased its quarterly dividend to MXN250 million, marking the 26th consecutive quarter of dividend payments since its IPO.
- Organic EBITDA and net income decreased during the quarter due to gross margin investments in Jafra, Mexico, and nonrecurring expenses related to the Tupperware transaction.
- The gross margin was temporarily affected, with expectations to normalize between Q3 and Q4.
- The Tupperware acquisition increased net debt to trailing 12 months EBITDA to 2.6x, despite only consolidating one month of Tupperware's EBITDA.
- Inventory levels increased modestly due to strategic purchases to strengthen supply chain resilience, reflecting potential supply chain disruptions.
- The company is discontinuing Tupperware's non-direct selling channel sales, which may impact revenue in the short term.
Welcome to BeFra's second-quarter 2026 earnings conference call. Before BeFra management begins their prepared remarks, please note the disclaimer regarding looking forward 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 cautionary 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 obligations to update any forward-looking statements.
A reconciliation of and other information regarding non-GAAP financial measures discussed on this call can also be found in the earnings release published earlier today as well as the Investors section of the company's website.
Present on today's call are BeFra's President and Chief Executive Officer, Andres Campos; and Chief Financial Officer, Raul Del Villar. I will now turn the call over to Mr. Campos. Please begin.
| 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
