Financial Data and Key Metrics Changes - Fourth quarter revenue grew 1.2% year-over-year, with an EBITDA margin of 19%, slightly below last year due to temporary gross margin impacts [3][4] - Full year revenue also increased by 1.2%, with an EBITDA margin closing at 18.7%, primarily affected by an abnormal contraction in Q1 [4][24] - Free cash flow more than doubled year-over-year, with over 83% of EBITDA converted into free cash flow, and total debt reduced by MXN 700 million, decreasing leverage from 1.75x to 1.56x [4][25] Business Line Data and Key Metrics Changes - Jafra Mexico continued to grow, while Betterware Mexico narrowed its sales decline, with Jafra US achieving its first growth quarter in Q4 [3][4] - Betterware's fourth quarter EBITDA margin was impacted by temporary FX-related effects, but would have been approximately 22% without these effects [8] - Jafra Mexico achieved record high sales in Q4 despite a challenging consumption environment, with adjusted EBITDA recovering significantly from the weak first quarter [11][12] Market Data and Key Metrics Changes - The Mexican consumer experienced a slight contraction last year, but is expected to stabilize in 2026 due to decreasing interest rates and stable inflation [35][48] - The beauty market remains resilient, with Jafra positioned to benefit from this trend despite challenges in overall consumption [51] Company Strategy and Development Direction - The company aims to strengthen its leadership in Mexico, expand regionally, develop new brands, activate a digital P2P model, and maintain strict financial discipline [7][8] - The acquisition of Tupperware's Latin American business for $250 million is expected to enhance revenue and profitability through innovation and operational synergies [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a more stable consumer environment in 2026, with expectations of returning to growth levels of 4%-8% [48] - The company plans to focus on innovation and technology to drive growth in both Betterware and Jafra brands [49] Other Important Information - The company has maintained a 32% trailing twelve-month dividend to EBITDA ratio, with a strong balance sheet and liquidity position [25] - The digital transformation strategy aims to enhance operations and leverage data for improved productivity and scalability [22][23] Q&A Session Summary Question: How should we be thinking about the Mexican consumer? - Management noted a slight contraction last year but expects stability in 2026 due to positive economic factors [35][36] Question: How should we be thinking about inventory growth in 2026? - Management indicated that inventory levels are close to optimal, with minimal further reductions expected [36] Question: Is Q4 a blip for Jafra, or should we expect continued growth? - Management expects continued growth for Jafra, with a focus on innovation and product redesigns [42][43] Question: What gives confidence in the 4%-8% growth outlook for 2026? - Management cited stable consumption and internal strategies as key factors for returning to previous growth levels [48][49] Question: Can you discuss the challenges in the beauty market? - Management believes the beauty market has more tailwinds compared to other categories and remains optimistic about its growth [51] Question: Any color on EBITDA guidance by segment? - Management expects a balanced EBITDA margin around 19% or above, with various factors influencing this [53]

Betterware (NYSE:BWMX) Q4 2025 Earnings call February 26, 2026 05:30 PM ET Company ParticipantsAndres Campos - President and CEORodrigo Muñoz - CFOConference Call ParticipantsCristina Fernández - Managing Director and Senior Research AnalystEric Beder - CEO and Senior Research AnalystOperatorThank you, and welcome to BeFra's fourth quarter 2025 earnings conference call. Before BeFra's management begins their prepared remarks, please note the disclaimer regarding forward-looking statements on slide two. To r ...

Betterware (NYSE:BWMX) Q4 2025 Earnings call February 26, 2026 05:30 PM ET Speaker3Thank you, and welcome to BeFra's fourth quarter 2025 earnings conference call. Before BeFra's management begins their prepared remarks, please note the disclaimer regarding forward-looking statements on slide two. 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 cons ...

4Q25 Earnings Call February 26, 2026 Cautionary Statement Regarding Forward - Looking Statements Matters discussed in this presentation may constitute forward - looking statements . Forward - looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts . The words "believe," "anticipate," "intends," "estimate," "potential," "may," "should," "expect," "p ...

Core Viewpoint - Herbalife's stock, which operates in the health and wellness sector through a multi-level marketing (MLM) direct selling structure across 90 global markets, shows signs of potential growth and interest from investors [1]. Company Overview - Herbalife offers science-based health and wellness products [1]. - The company utilizes a multi-level marketing structure for its sales strategy [1]. Market Presence - Herbalife operates in 90 global markets, indicating a broad international reach [1].

LOS ANGELES--(BUSINESS WIRE)--Herbalife Ltd. (NYSE: HLF), a premier health and wellness company, community and platform, today announced plans to refinance its senior secured debt. The Company is targeting $1.55 billion of secured financing, which is expected to include a $425 million revolving credit facility, a $125 million Term Loan A, a $500 million Term Loan B and $500 million of other secured debt. The refinancing is also expected to extend the maturity profile of the senior secured debt. Although we ...

Core Viewpoint - Nu Skin (NUS) is identified as a potential turnaround stock, but its recovery may not be fully realized by 2026 due to a shrinking market for its skincare products, typical of multi-level marketing (MLM) companies [1]. Company Summary - Nu Skin operates in the skincare product sector and is categorized as a multi-level marketing company, which has been experiencing a decline in market size [1]. - The company's current trading position reflects the challenges faced within the MLM industry, indicating a need for strategic changes to achieve a successful turnaround [1].

Financial Data and Key Metrics Changes - In Q4 2025, net sales reached $1.3 billion, reflecting a year-over-year growth of 6.3% [6][18] - For the full year, net sales increased nearly 1% to just over $5 billion, with an adjusted EBITDA of $658 million and a margin of 13.1% [8][18] - The total leverage ratio improved to 2.8x, down from 3.9x at the end of 2023, indicating stronger financial health [5][33] Business Line Data and Key Metrics Changes - North America experienced a 19% increase in new distributors in Q4, marking its second consecutive quarter of double-digit growth [9] - Latin America achieved its seventh consecutive quarter of year-over-year growth, with reported net sales up 18% [26] - The Asia Pacific region saw a 5% increase in reported net sales, driven by approximately 9% volume growth [27] Market Data and Key Metrics Changes - India delivered its highest quarterly net sales in Q4, with a 15% year-over-year increase, attributed to a reduction in the goods and services tax [19][27] - North America sales declined by less than 1% year-over-year, consistent with prior expectations [27] - China reported a 4% decline in net sales year-over-year, primarily due to an 11% decrease in volume [28] Company Strategy and Development Direction - The company aims to be the world's premier health and wellness platform, focusing on innovation and digital engagement [5][11] - Plans include launching personalized nutritional supplements and enhancing the distributor experience through digital tools [12][15] - The partnership with Cristiano Ronaldo is expected to elevate brand visibility and expand market reach [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and ability to execute, highlighting a strong foundation for future growth [17][38] - The company anticipates net sales growth in all regions except China for 2026, with a focus on leveraging the GST benefits in India [43][46] - Adjusted EBITDA guidance for Q1 2026 is set between $155 million to $175 million, with full-year expectations of $670 million to $710 million [35] Other Important Information - The company has repaid $283 million of debt in 2025, contributing to a stronger balance sheet [8][33] - A presentation change was made to better align distributor-related compensation reporting, with no impact on prior period results [31] Q&A Session Summary Question: Guidance on sales for different geographic segments in 2026 - Management expects net sales growth in every region except China, which is anticipated to improve in 2027 [42][43] Question: Expectations for Pro2col sales contribution - Minimal top-line contribution is built into guidance, with more upside potential as the program is in beta phase [44][45] Question: Growth in energy, sports, and fitness product categories - This category has historically outpaced overall performance, with successful launches contributing to growth [51] Question: Expansion of nutrition club infrastructure - The Breakfast Budget Clubs model is gaining traction in the UK and is being introduced in other markets [53][54] Question: Distributor retention rates and training programs - Improved retention is attributed to various support programs, enhancing distributor education and strategy [55][56] Question: Contribution of new products to sales growth - Successful product launches, including MultiBurn and HL Skin, have significantly contributed to sales [61] Question: Plans for distributor events in 2026 - The company plans to increase the number of events, with costs expected to rise slightly more than sales [62][64] Question: Strategy for evolving product offerings and customer base - The company aims to attract a more sophisticated customer base while deepening engagement with existing customers [71][73] Question: Impact of GST changes in India on sales - The reduced GST is expected to provide a tailwind until it laps in late September 2026 [77][78] Question: Relationship between distributor growth and member growth - Both distributor and preferred member growth are important, with adjustments made to focus on preferred customers [83][86]

Financial Data and Key Metrics Changes - In Q4 2025, net sales reached $1.3 billion, reflecting a year-over-year growth of 6.3% [6][18] - For the full year 2025, net sales increased nearly 1% to just over $5 billion, with an adjusted EBITDA of $658 million and a margin of 13.1% [8][18] - The total leverage ratio improved to 2.8x from 3.9x at the end of 2023, indicating stronger cash generation [5][33] Business Line Data and Key Metrics Changes - North America experienced a 19% increase in new distributors in Q4, marking its second consecutive quarter of double-digit growth [9] - Latin America achieved its seventh consecutive quarter of year-over-year growth, with reported net sales up 18% [26] - The Asia Pacific region saw reported net sales increase by 5% year-over-year, driven by volume growth [27] Market Data and Key Metrics Changes - India delivered its highest quarterly net sales in Q4, with a 15% increase year-over-year, attributed to a reduction in the Goods and Services Tax [19][27] - North America sales declined slightly by less than 1% year-over-year, consistent with prior expectations [27] - China reported a 4% decline in net sales year-over-year, primarily due to an 11% decrease in volume [28] Company Strategy and Development Direction - The company aims to be the world's premier health and wellness platform, focusing on innovation and digital engagement [5][11] - Plans include launching personalized nutritional supplements and enhancing the distributor experience through the Pro2col technology [12][15] - The partnership with Cristiano Ronaldo is expected to elevate brand visibility and expand customer engagement [16][74] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and ability to execute, highlighting a strong foundation for long-term growth [17][37] - The company anticipates net sales growth in all regions except China for 2026, with a focus on leveraging the GST benefits in India [43][46] - The adjusted effective tax rate is expected to be approximately 30% for 2026, aligning with 2025 [36] Other Important Information - The company repaid $283 million of debt in 2025, contributing to a stronger financial profile [8][33] - Adjusted net income for Q4 was $48 million, with an adjusted diluted EPS of $0.45 [22][23] - The company has implemented a strategic phased beta rollout for Pro2col, enhancing distributor engagement [12][13] Q&A Session Summary Question: Guidance on sales for different geographic segments in 2026 - Management expects net sales growth in every region except China, which is anticipated to be a 2027 event [43] Question: Expectations for Pro2col's sales contribution - Very little top-line contribution is built into the current guidance, with more upside than risk anticipated [44] Question: Contribution of product categories to sales growth - The energy, sports, and fitness category has outpaced overall company performance, with successful product launches contributing to growth [51] Question: Expansion of Nutrition Clubs in Europe - The Breakfast Budget Clubs model is gaining interest, with training programs being conducted to support distributors [53] Question: Retention rates of Sales Leaders - Improved retention is attributed to better education and support programs for distributors [55] Question: Future distributor events and spending - The company plans to increase the number of events, with costs expected to rise slightly more than sales [62][64] Question: Strategy for evolving product offerings and customer base - The company aims to attract a more sophisticated customer base while deepening engagement with existing customers [71][73]

Core Insights - NU Skin Enterprises Inc. reported revenue of $370.3 million, adjusted net income of $14.5 million, and adjusted EPS of $0.29, which were below estimates of $380.2 million, $15.1 million, and $0.30 respectively, indicating weaker-than-expected top-line results [1] - The results were at the low end of revenue guidance and the high end of EPS guidance, with a gross margin of 77.6% for the Nu Skin business [1] - Management emphasized strategic penetration into India and other emerging markets, along with margin expansion and a one-time tax benefit, as key contributors to the EPS results for FY25 [1] Financial Performance - Revenue from Rhyz was $48.52 million, comprising $42.45 million from Manufacturing and $6.07 million from Rhyz Other [1] - Selling expenses for the core business decreased to 40.8%, reflecting disciplined spending [1] Strategic Initiatives - Management remains focused on executing strategic initiatives despite the weaker top-line results [1] - The rollout of Prism iO is advancing with a pre-launch in India underway, and a full opening expected in the second half of FY26 [7] - FY26 EPS guidance is set at a midpoint of $1.00 [7]