Betterware de México(US:BWMX)2023-07-28 16:55Financial Performance - Consolidated net revenue for Q2 2023 was approximately Ps 3,2201 million, aligning with Q2 2022's Ps 3,2436 million[18] - Consolidated EBITDA for Q2 2023 increased by 166% to Ps 7174 million from Ps 6153 million in Q2 2022[40] - Consolidated net income for Q2 2023 decreased by 107% to Ps 2584 million from Ps 2894 million in Q2 2022[41] - Consolidated free cash flow for Q2 2023 improved to Ps 7557 million from Ps (169 million) in Q2 2022[42] - For 1H 2023, consolidated net revenue increased 270% to Ps 6,4843 million from Ps 5,1038 million in 1H 2022[39] - For 1H 2023, consolidated EBITDA increased 161% to Ps 1,3720 million from Ps 1,1818 million[67] Business Segment Performance - Jafra Mexico's net revenue for Q2 2023 increased by 145% to Ps 1,5368 million from Ps 1,3427 million in Q2 2022[81] - Betterware's net revenue for Q2 2023 declined by 99% to Ps 1,4444 million from Ps 1,6034 million in Q2 2022[47] - Jafra USA's net revenue for Q2 2023 declined by 197% to Ps 2389 million from Ps 2974 million in Q2 2022[156] Key Strategies and Initiatives - The company prepaid the syndicated loan utilized for Jafra's acquisition, with a net deferment of principal payments of Ps 262 million in 2024, Ps 900 million in 2025, and Ps 1,067 million in 2026[23, 130] - Betterware's distributor EOP base grew 50% relative to 1Q2023[46] - Jafra Mexico's EOP base in 2Q2023 grew 148% vs EOP base of 2Q2022[35] - The company confirms its previous guidance for its consolidated business, expecting net revenue between Ps 13,200 and Ps 14,200 million and EBITDA between Ps 2,600 and Ps 2,800 million for 2023[9]