Mexico's Betterware Q2 revenue rises on Tupperware acquisition

Betterware de Mexico S.A.P.I.

23/07/2026 21:23

    

    Overview
  
Mexico consumer products platform's Q2 revenue rose 16.8% yr/yr, driven by Tupperware acquisition
Q2 EBITDA grew 15% yr/yr; net income up 20.6%
Company raised 2026 revenue growth guidance to 18-22% after Tupperware acquisition

    

    Outlook
  
BeFra raises 2026 net revenue guidance to 18%-22% growth following Tupperware acquisition
Company expects 2026 EBITDA margin of at least 19%
Company says Tupperware integration expected to improve operating leverage and profitability

    

    Result Drivers
  
TUPPERWARE ACQUISITION - Co said Tupperware's inclusion for one month contributed significantly to revenue and profitability
BETTERWARE & JAFRA GROWTH - Revenue growth at Betterware and Jafra supported by commercial initiatives and international expansion
EXPANSION & TRANSACTION COSTS - Profitability was temporarily affected by regional expansion costs and Tupperware transaction expenses

    
Company press release: ID:nBwbdJ2Q9a

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Gross Margin
 
65.5%
 
Q2 EBITDA Margin
 
18.8%
 
Q2 Free Cash Flow
 
MXN 578 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the department stores peer group is "buy"
Wall Street's median 12-month price target for Betterware de Mexico SAPI de CV is $30.00, about 69.7% above its July 22 closing price of $17.68
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

    

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)