Betterware de Mexico publishes transcript of first-quarter 2026 earnings call

Betterware de Mexico, S.A.P.I. de C.V.

Betterware de Mexico, S.A.P.I. de C.V.

BWMX

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  • Betterware de Mexico held Q1 2026 earnings call on April 23 with President and CEO Andres Campos, CFO Raúl del Villar, SCC Research’s Eric Beder, Telsey Advisory Group’s Cristina Fernández.
  • Management reported revenue up 0.3% year over year, EBITDA up 14%, EBITDA margin widened to 17.4% from 15.3%.
  • Campos flagged pending Mexico antitrust clearance for Tupperware deal expected in Q2, projecting about 40% EPS accretion with entry into Brazil.
  • Del Villar said Betterware revenue rose 2.6% despite one fewer week, while Jafra U.S. improved and Jafra Mexico sales fell on a productivity push that reduced consultant recruiting.
  • Campos forecast Jafra Mexico inflection in Q2, kept full-year revenue growth outlook at 4%-8%, proposed quarterly dividend of MXN 200 million with net debt/EBITDA at 1.5x.


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