Betterware de Mexico reports Q1 EPS $4.06, consensus $9.45

Reports Q1 revenue $3.5B, consensus $3.78B. The company said: “During the first quarter, we faced revenue pressure across our business, particularly in Mexico. The broader economic environment-characterized by deteriorating consumption trends, lower consumer confidence, and reduced household discretionary spending-resulted in a decline in volumes sold and ultimately weighed on our revenues, which ended the quarter with a 2.9% decrease versus last year. These economic factors impacted Betterware Mexico’s revenue, which decreases 9.8%, while Jafra Mexico posted a 1.1% increase. The macroeconomic landscape in Mexico not only reduced demand for our products but also led to a reduction in our Associate and Distributor base, alongside lower activity levels across both brands.”