Revenue Performance - The Group's total net revenue for the year 2023 was Ps. 13,009,507, an increase of 13.1% compared to Ps. 11,507,549 in 2022[433]. - JAFRA's net revenue increased by 41.0%, reaching Ps. 7,282,899 in 2023, compared to Ps. 5,164,205 in 2022, driven by brand refresh and product innovation[440]. - BWM's net revenue decreased by 9.7%, totaling Ps. 5,726,608 in 2023, down from Ps. 6,343,344 in 2022, attributed to stabilization of the distributor network post-pandemic[440]. - The average price per unit sold increased by 13.1% in 2023, despite a 20.8% decrease in the volume of units sold, which dropped from 100.3 million in 2022 to 79.4 million in 2023[440]. Profitability and Gross Margin - Gross profit for the Group increased by 44.8%, amounting to Ps. 6,024,873 in 2023, compared to Ps. 4,161,291 in 2022[437]. - The cost of sales as a percentage of net revenue for the Group decreased to 17.3% in 2023 from 19.4% in 2022, attributed to supplier negotiations and favorable exchange rates[437]. - EBITDA for BWM decreased by 5.3%, or Ps.79,726, to Ps.1,434,501 in 2023, mainly due to a 9.7% drop in net revenue[459]. - JAFRA's EBITDA increased by 60.4%, or Ps.484,518, to Ps.1,286,399 in 2023, driven by a 41.0% increase in net revenue and cost reductions[459]. Expenses and Cost Management - Administrative expenses for BWM decreased by 10.1%, or Ps.110,445, to Ps.987,981 in 2023 compared to Ps.1,098,426 in 2022, attributed to a streamlined operational structure and effective cost control[444]. - JAFRA's administrative expenses increased by 28.2%, or Ps.422,748, to Ps.1,920,964 in 2023 compared to Ps.1,498,216 in 2022, primarily due to a full year of expenses consolidation and increased operational costs[445]. - Total selling expenses for the Group rose by 23.2%, or Ps.652,337, to Ps.3,460,367 in 2023 from Ps.2,808,030 in 2022, driven by JAFRA's full-year consolidation and increased promotional activities[447]. - BWM's selling expenses decreased by 24.6%, or Ps.251,273, to Ps.770,008 in 2023, representing 13.4% of net revenue compared to 16.1% in 2022, due to efficient management[449]. Taxation and Interest Expenses - Interest expense for the GROUP rose by 51.0%, or Ps.276,941, to Ps.820,262 in 2023, primarily due to loans for the JAFRA acquisition and increased bond issuance costs[453]. - BWM's income taxes decreased by 61.7%, or Ps.226,404, to Ps.140,762 in 2023, attributed to lower pre-tax profits and a 9.7% decline in net revenue[456]. - JAFRA's income taxes increased by 62.7%, or Ps.93,868, to Ps.243,622 in 2023, reflecting a 41.0% rise in net revenue and full-year consolidation[456]. Cash Flow and Financing Activities - Cash flows from operating activities increased by 40.4% or Ps.957,077 to Ps.2,366,779 for the year ended December 31, 2023, compared to Ps.1,409,702 for 2022[483]. - Cash flows used in investing activities decreased by 98.6% or Ps.4,759,894 to Ps.(65,328) for the year ended December 31, 2023, mainly due to cash paid for the JAFRA Acquisition in 2022[484]. - Cash flows generated from financing activities decreased by 184.0% or Ps.(5,623,331) to Ps.(2,567,365) for the year 2023 compared to Ps.3,055,966 for 2022[486]. Acquisition and Integration - Betterware acquired 100% of JAFRA for a total cash amount of Ps.5,044,371, with an addition to goodwill of Ps.1,250,132[523]. - JAFRA contributed revenues of Ps.5,164,205 and net income of Ps.493,062 from the acquisition date to December 31, 2022[551]. - The total identifiable assets acquired from the JAFRA acquisition amounted to Ps.5,044,371, with goodwill of Ps.1,250,132 attributed to the profitability of the acquired business[550]. Financial Position and Assets - As of December 31, 2023, Betterware's total assets increased to Ps. 548,098 from Ps. 381,824 as of December 31, 2022, reflecting a growth of approximately 43.6%[531]. - The total liabilities were adjusted to Ps. 3,985,026 as of December 31, 2021, showing a decrease of Ps. 12,516 from previously reported amounts[428]. - The total debt as of December 31, 2023, is Ps.5,131,422, a decrease from Ps.6,148,675 in 2022[517]. Employee and Operational Metrics - Betterware's total number of employees increased to 2,294 as of December 31, 2023, compared to 2,177 in 2022 and 1,272 in 2021[503]. - The average number of employees was 938 in 2023, with a future salary growth rate of 7.0% and a discount rate of 9.7%[610]. Risk Management and Compliance - The company utilized derivative financial instruments to hedge against exchange rate fluctuations, covering 100% of product needs until December 2024[482]. - The Group employs a sensitivity analysis for foreign exchange risk, assessing a 10% increase or decrease in the Mexican Peso against the US Dollar, which is used for internal reporting to management[616]. - The company is not expected to be classified as a Passive Foreign Investment Company (PFIC) for the foreseeable future, based on projected income and asset composition[498].

Annual Reports and Financial Statements - The annual management report for the fiscal year from January 1, 2023, to December 31, 2023, will be presented and discussed[7] - The annual report by the Audit and Corporate Practices Committee for the same fiscal year will also be presented and discussed[7] - A report on compliance with the tax obligations of the Company during the fiscal year from January 1, 2023, to December 31, 2023, will be provided[7] - The Company's audited and consolidated financial statements for the fiscal year will be presented for discussion and approval[8] Dividend and Board Matters - Discussion and potential approval of dividend payments will take place[11] - Reelection, election, or removal of the members of the Board of Directors will be discussed[12] - Reelection, election, or removal of the members of the Audit and Corporate Practices Committee will be addressed[12] - Determination of the emoluments for the members of the Board of Directors and the Audit and Corporate Practices Committee will be discussed[12] Meeting Logistics - Appointment of special delegates to formalize the resolutions adopted at the Meeting will be included in the agenda[12] - The meeting is scheduled for May 13, 2024, at the Company's registered office in Zapopan, Jalisco, Mexico[7]

GUADALAJARA, Mexico, April 29, 2024 /PRNewswire/ -- Betterware de México, S.A.P.I. de C.V. (Nasdaq: BWMX) ("BeFra" or the "Company"), BeFra Group clarifies the Company's agreement to sell the Jafra México office building in Mexico City, following a news article which appeared in Bloomberg en Línea on April 25, 2024 entitled "Betterware cancels purchase of Jafra headquarters in Mexico City." Per the Company's first quarter 2024 earnings press release, also dated April 25, 2024, Jafra México reached an agreem ...

Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) Q1 2024 Earnings Call Transcript April 26, 2024 9:00 AM ET Luis Campos - Executive Chairman Andres Campos - Chief Executive Officer Alejandro Ulloa - Chief Financial Officer Eric Beder - SCC Research Cristina Fernandez - Telsey Advisory Group Thank you, and welcome to Betterware's Fiscal First Quarter 2024 Earnings Conference Call. Speaking on today's call are Betterware's Executive Chairman, Luis Campos; Chief Executive Officer, Andres Campos; and Chief ...

Betterware's new B Hero line of products is designed to team up with and support Mexican athletes training for and competing at the Olympic games in Paris The Company will donate a portion of B Hero sales to athletes selected by the Mexican Olympic Committee to compete GUADALAJARA, Mexico, April 18, 2024 /PRNewswire/ -- Betterware de México, S.A.P.I. de C.V. (Nasdaq:BWMX) ("BeFra" or the "Company"), Betterware, a BeFra Group brand, leader in Mexico's direct-to-consumer home solutions and beauty markets, pro ...

Crunching profit numbers and evaluating surprises might be the preferred methods for scooping up big gains in the Q1 earnings season. However, looking beyond profits and assessing a company’s cash position can be far more rewarding because these indicate its true financial health.In this regard, stocks like H&E Equipment Services, Inc. (HEES) , HNI Corporation (HNI) , GigaCloud Technology Inc. (GCT) and Betterware de México S.A.P.I. de C.V. (BWMX) are worth buying.This is because although profit is a compan ...

GUADALAJARA, Mexico, April 11, 2024 /PRNewswire/ -- Betterware de México, S.A.P.I. de C.V. (Nasdaq:BWMX) ("BeFra" or the "Company"), today announced that the Company will release its first quarter 2024 results after the U.S. stock market closes on Thursday, April 25, 2024. The Company will hold a conference call to discuss its results at 9:00 a.m. (Eastern Time) on Friday, April 26, 2024. The U.S. toll free dial-in for the conference call is 1-877-451-6152 and the international dial-in number is 1-201-389-0 ...

Cash is the lifeblood of any business. It offers the flexibility to make decisions, the means to make potential investments and the fuel to run the growth engine. In fact, it holds the key to a company’s existence, development and success, and indicates its true financial health.Before investing in the right stocks, one must go beyond profit numbers and look at a company’s efficiency in generating cash flows. This is because even a profitable business can succumb to failure if its cash flow is uneven and ev ...

Among the Zacks Rank #1 (Strong Buy) list, several companies are standing out in terms of their growth and high dividend yields, adding more value to their stocks. This combination tends to excite investors as lucrative payouts are more appealing and fulfilling when a company’s outlook is promising.That said, here are a few of these highly ranked stocks that currently fit this scenario and should certainly be on investors' radars.HNI (HNI) : The Zacks Business Services sector had a strong rebound over the l ...

The stock market has clearly hit a fork in the road. On one path, we find the high-flying tech and growth stocks that have rapidly recovered or even exceeded their pre-pandemic highs. On the other, more treacherous trail, many deeply undervalued stocks still wallow below their former glory.I believe now presents a golden moment to pick up shares of sturdy businesses on the cheap before a rising tide lifts these boats, too. Just as I advised buying into the downtrodden tech sector back in 2022, it pays to sc ...