Betterware de Mexico ( (BWMX) ) has issued an announcement.
In 2024, Betterware de Mexico, through its BeFra division, achieved notable financial growth despite market challenges, with a double-digit revenue increase of 11.1% in the fourth quarter. Jafra Mexico played a crucial role, contributing a 22.2% growth, while Betterware Mexico saw a 1.5% revenue rise despite a slowdown in durable goods consumption. The company also faced temporary profitability challenges due to supply chain issues, but expects recovery in 2025. Significant milestones include Betterware Mexico’s 30th anniversary, marking consistent growth, and the 5th anniversary of its U.S. IPO, which has seen a 4.6x revenue increase. Additionally, the acquisition of Jafra has enhanced category diversification and profitability. Looking forward, Betterware aims to optimize its business model and explore international expansion, focusing on innovation and operational synergies to sustain growth.
More about Betterware de Mexico
Betterware de Mexico operates in the household products industry, focusing on direct sales of home organization and personal care products. The company has a significant market presence in Mexico and has expanded its operations to the United States, leveraging its business model to drive growth and diversification.
YTD Price Performance: 10.86%
Average Trading Volume: 26,121
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $457.1M
For detailed information about BWMX stock, go to TipRanks’ Stock Analysis page.