Research analysts who have asked questions during BETTERWARE DE MEXICO, S.A.P.I. DE C.V earnings calls.
Recent press releases and 8-K filings for BWMX.
BeFra Reports Q4 and Full-Year 2025 Results and Provides 2026 Outlook
BWMX
Earnings
Guidance Update
M&A
- BeFra reported 1.2% year-over-year revenue growth for both Q4 and full-year 2025, with a full-year EBITDA margin of 18.7%.
- The company significantly strengthened its balance sheet in 2025, reducing total debt by MXN 700 million and lowering its leverage multiple to 1.56x, while free cash flow increased 24.6% for the full year due to inventory optimization.
- For 2026, BeFra anticipates 4%-8% revenue growth and an EBITDA margin of 19% or above, driven by a more stable consumer environment in Mexico, internal strategies, and regional expansion.
- The acquisition of 100% of Tupperware's Latin American business for $250 million is expected to close in Q2 2026 and is projected to be 40% accretive to earnings per share.
6 days ago
BeFra Reports Q4 2025 Results, Acquires Tupperware LatAm, and Guides for 4-8% Revenue Growth in 2026
BWMX
Earnings
M&A
Guidance Update
- BeFra reported Q4 2025 revenue growth of 1.2% year-over-year and full-year 2025 revenue growth of 1.2%, with a full-year EBITDA margin of 18.7%.
- The company generated strong free cash flow, increasing 106% in Q4 2025 and 24.6% for the full year, driven by MXN 459 million in inventory reduction, and reduced total debt by MXN 700 million in 2025, lowering its leverage to 1.56x net debt to EBITDA.
- BeFra announced the acquisition of 100% of Tupperware's Latin American business for $250 million, expected to close in Q2 2026, which is projected to be 40% accretive to earnings per share.
- For 2026, BeFra anticipates revenue growth of 4% to 8% and an EBITDA margin of 19% or above, supported by a more stable Mexican consumer and strategic initiatives.
6 days ago
BeFra Reports Q4 and Full Year 2025 Results, Announces Tupperware LatAm Acquisition
BWMX
Earnings
M&A
Dividends
- BeFra reported Net Revenue growth of 1.2% for both Q4 2025 and Full Year 2025. Full Year EBITDA declined 3.8% to an 18.7% margin, and Adjusted Net Income decreased 14.5% for the full year, primarily due to positive mark-to-market derivative accounting effects recorded in 2024.
- The company demonstrated strong cash generation, with Free Cash Flow increasing 112.2% to $1,132 million in Q4 2025 and 24.6% to $2,222 million for the full year, driven by inventory reduction.
- BeFra announced the acquisition of 100% of Tupperware's Latin American businesses (Mexico and Brazil) for US$250 million, consisting of US$215 million in debt-funded cash and US$35 million in new BeFra shares, with the transaction estimated to close in Q2 2026.
- The company maintained financial discipline, reducing its Net Debt to EBITDA ratio to 1.56x from 1.75x and paying $700 million of debt in 2025. BeFra also continued its dividend payments for the 24th consecutive quarter, with a 31.9% Dividend-to-EBITDA ratio for 2025.
6 days ago
BeFra Reports Q4 and Full Year 2025 Results, Acquires Tupperware Latin America, and Guides for 2026
BWMX
Earnings
M&A
Guidance Update
- BeFra reported 1.2% revenue growth for both Q4 and the full year 2025, with a full year EBITDA margin of 18.7%.
- The company achieved strong cash generation, with free cash flow more than doubling in Q4 2025 and increasing 24.6% for the full year, primarily due to a MXN 459 million inventory reduction. Total debt was reduced by MXN 700 million, improving the net debt to EBITDA ratio from 3.1x in 2022 to 1.56x at the end of 2025.
- BeFra announced the acquisition of 100% of Tupperware's Latin American business for $250 million, with the closing expected in Q2 2026. This acquisition is estimated to be 40% accretive to earnings per share.
- For 2026, BeFra anticipates 4%-8% revenue growth and an EBITDA margin of 19% or above, driven by a more stable Mexican consumer market and continued regional expansion, including the launch of operations in Colombia.
6 days ago
Betterware de México Announces Q4 and Full Year 2025 Results
BWMX
Earnings
Guidance Update
M&A
- For the full year 2025, Betterware de México's net revenue increased 1.2% to $14,264,632 thousand MXN, while Adjusted EBITDA decreased 4.0% to $2,662,689 thousand MXN, and Adjusted Net Income decreased 14.5% to $1,042,756 thousand MXN.
- The company reported strong cash generation, with Free Cash Flow increasing 24.6% to $2,222,191 thousand MXN for the full year 2025, achieving an 83% EBITDA cash conversion. This contributed to further deleveraging the balance sheet, with the Net Debt to EBITDA ratio improving to 1.56x.
- BeFra completed the Tupperware Latam deal, which is expected to be substantially accretive and accelerate market opportunities in Latin America.
- For 2026, BeFra provided Net Revenue guidance between $14,800 million MXN and $15,400 million MXN, representing a 4.0%-8.0% increase, and expects an EBITDA margin of at least 19%. This guidance does not yet reflect the operations and future contributions of the Tupperware Latam acquisition.
6 days ago
Betterware de México Reports Q4 and Full Year 2025 Results
BWMX
Earnings
Guidance Update
M&A
- Betterware de México (BeFra) reported Q4 2025 Net Revenue of $3,825,539 thousand MXN, a 1.2% increase year-over-year, and FY 2025 Net Revenue of $14,264,632 thousand MXN, also up 1.2%.
- Q4 2025 EBITDA increased 42.4% to $726,463 thousand MXN, and FY 2025 EBITDA grew 28.1% to $2,662,689 thousand MXN, with profitability recovering throughout the year despite Q4 FX-related impacts.
- The company maintained strong cash generation, achieving an 83% EBITDA cash conversion for FY 2025, which supported balance sheet deleveraging (Net Debt / Adj. EBITDA of 1.56) and a proposed Ps. 200 million dividend for Q1 2026.
- BeFra issued 2026 Net Revenue guidance of $14,800 - $15,400 million MXN (4.0% - 8.0% growth) and an EBITDA margin of at least 19%, noting this guidance does not yet include the pending Tupperware Latam acquisition.
6 days ago
Betterware de México to acquire Tupperware's Latin American operations
BWMX
M&A
Debt Issuance
New Projects/Investments
- Betterware de México (BeFra) has entered into a definitive agreement to acquire Tupperware's operating assets in Latin America and a perpetual, royalty-free, and exclusive license for the "Tupperware" brand in the region.
- The aggregate purchase price for the transaction is $250 million, consisting of $215 million in cash, funded with debt, and $35 million in BeFra shares.
- The acquisition is expected to close during the first half of 2026 and is projected to be immediately accretive, contributing an estimated $0.58 per common share to EPS and approximately 40% to earnings per share.
- The debt incurred to finance the acquisition is expected to increase BeFra's leverage from 1.6x to 1.9x Net Debt / EBITDA 2025E.
Jan 20, 2026, 3:35 PM
Betterware de México to Acquire Tupperware's Latin American Operations
BWMX
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Betterware de México (BeFra) has signed an agreement to acquire Tupperware's operating assets in Latin America and a perpetual, royalty-free, and exclusive license for the "Tupperware" brand in the region.
- The acquisition is valued at US$250 million, consisting of US$215 million in cash funded with debt and US$35 million in BeFra shares.
- The transaction is expected to contribute an estimated US$0.58 per common share to EPS and US$81 million of EBITDA annually, representing immediate earnings accretion of approximately 40% per share.
- BeFra's leverage is projected to increase from 1.6x to 1.9x Net Debt / EBITDA 2025E due to the debt incurred for financing.
- The transaction is expected to close during the first half of 2026.
Jan 19, 2026, 6:00 PM
Betterware Reports Q3 2025 Revenue and EBITDA Growth, Reduced Debt
BWMX
Earnings
Dividends
Guidance Update
- Betterware (BWMX) reported Q3 2025 revenue growth of 1.4% year over year and EBITDA growth of 22%, with the EBITDA margin expanding 362 basis points to 21.4%.
- The company's adjusted net income increased 71% versus Q3 2024, and free cash flow conversion remained strong at 77% of EBITDA.
- Betterware reduced its total debt from $6,700 million pesos to $5,200 million pesos by the end of Q3 2025, with the net debt to EBITDA ratio falling from 3.1 times to 1.8 times. The company expects to close 2025 with a net debt to EBITDA ratio of around 1.6 times.
- Betterware Mexico's sales decreased 5.3% year over year, while Jafra Mexico's revenue increased 8% and EBITDA grew 31%. Jafra US showed sequential improvement and stability, with September revenue up 30% year-over-year.
- The board proposed a $200 million dividend, approved on October 21, 2024, marking the 23rd consecutive quarter of dividend payments.
Oct 23, 2025, 9:30 PM
Betterware (BWMX) Reports Strong Q3 2025 Profitability and Debt Reduction
BWMX
Earnings
Dividends
New Projects/Investments
- Betterware (BWMX) reported strong Q3 2025 results, with revenue growing 1.4% year-over-year and EBITDA increasing 22%, expanding the EBITDA margin to 21.4%. Adjusted net income also saw a significant increase of 71% compared to Q3 2024.
- The company demonstrated financial discipline, with free cash flow increasing 32.6% year-over-year and the net leverage ratio decreasing sequentially from 1.97 to 1.8 times. Total debt was reduced from MXN 6,700 million to MXN 5,200 million by the end of Q3 2025, with an expectation to close the year around 1.6 times net debt to EBITDA.
- Segment performance was mixed, with Betterware Mexico sales decreasing 5.3% year-over-year due to a softer consumer environment, while Jafra Mexico's revenue increased 8% and EBITDA grew 31%. International expansion efforts showed positive results, with Betterware Ecuador exceeding expectations and Betterware Guatemala sales growing 32% year-over-year.
- BWMX plans to launch Betterware in Colombia in early 2026 as part of its regional expansion strategy, targeting the estimated MXN 4.5 billion Andean and Central American direct selling markets. The company also announced a MXN 200 million dividend approved on October 21, 2024, marking its 23rd consecutive quarter of dividend payments.
Oct 23, 2025, 9:30 PM
Quarterly earnings call transcripts for BETTERWARE DE MEXICO, S.A.P.I. DE C.V.
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