BeFra showed strong revenue and EBITDA growth, driven by strategic initiatives and strong performance in key segments like Jafra Mexico. However, external challenges such as currency depreciation and increased freight costs impacted margins, along with a decline in net income. The company remains confident in overcoming these issues and achieving year-end targets.
Company Guidance
During BeFra's Q3 2024 earnings call, the company provided robust guidance for the remainder of the year, emphasizing their strong financial performance and strategic initiatives. BeFra reported a 6.6% year-over-year increase in net revenues and an 11.7% growth in adjusted EBITDA. Despite challenges like the depreciation of the Mexican peso and rising freight costs, BeFra maintained confidence in achieving their full-year guidance. They projected a steady gross margin of 58% to 59% starting in Q4, supported by an expanded product portfolio and strategic investments in new markets such as the U.S. and Peru. The company also highlighted improvements in their cost structure, with a shift towards more variable expenses, and reiterated their commitment to shareholder value through a proposed dividend payment, marking their 19th consecutive quarterly dividend. BeFra plans to allocate 30% to 40% of free cash flow to acquisitions, potentially expanding into new categories or markets.
Strong Revenue Growth
BeFra reported a net revenue increase of 6.6% year-over-year and 7.4% growth over the first nine months of 2024. Adjusted EBITDA surged by 11.7%.
Jafra Mexico Performance
Jafra Mexico saw revenue growth of 9.2% for the quarter and 9.8% year-to-date, driven by successful product innovations.
Jafra US Improvement
Jafra US achieved a net revenue increase of 11.7% for the quarter, marking the second consecutive quarter of growth.
Strategic Inventory Management
Increased inventory levels to prepare for Q4 demand and avoid stockouts experienced in Q2.
Strong Financial Position
Net debt reduced by 4.7% year-over-year with a net debt-to-EBITDA ratio of 1.76x, targeting 1.5x by year-end.
---
Betterware de Mexico (BWMX) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
BWMX Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 24, 2024
$12.01
$12.51
+4.16%
Jul 25, 2024
$14.74
$13.95
-5.36%
Apr 25, 2024
$18.18
$15.95
-12.27%
Feb 22, 2024
$13.00
$14.02
+7.85%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Betterware de Mexico (BWMX) report earnings?
Betterware de Mexico (BWMX) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Betterware de Mexico (BWMX) earnings time?
Betterware de Mexico (BWMX) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.