EarningsQ2 2026 Earnings Report
MX:BWMX Q2 2026 EPS Results
Actual EPS$10.00
Consensus EPS$9.52
Beat/MissBeat by +$0.48
One Year Ago EPS$8.77
MX:BWMX Q2 2026 Revenue Results
Actual Revenue$4.32B
Expected Revenue$3.86B
Beat/MissBeat by +$468.21M
YoY Revenue Growth+31.11%
Earnings Announcement Details
QuarterQ2 2026
Date07/23/2026
TimeAfter Close
Conference CallThursday, July 23, 2026
MX:BWMX Upcoming Earnings
Betterware de Mexico's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:BWMX Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive picture: solid organic revenue growth, immediate accretion and commercial momentum from the Tupperware acquisition, strong cash conversion, dividend increase, and improved return metrics. Near-term headwinds are largely transactional or tactical — nonrecurring acquisition expenses, modest inventory builds for supply resilience, a temporary margin investment in Jafra Mexico, and a reported (but pro forma-manageable) leverage increase. Management provided guidance that margins should normalize by Q3–Q4 and emphasized pro forma leverage, integration benefits and multiple growth levers across brands and regions.Company Guidance
Strong Organic Revenue Growth
Organic revenue increased 4.1% year-over-year and 5.7% quarter-over-quarter; organic growth accelerated from 0.3% in the prior quarter to 4.1% in Q2, signaling renewed momentum across Betterware and Jafra.
Tupperware Acquisition Immediately Accretive
Including one month of Tupperware results, total revenue rose 16.8% in the quarter; Tupperware contributed 10.8% of quarter revenue, added over 300,000 independent sellers, and pro forma trailing-12-month EPS is more than 36% higher than organic EPS, with management expecting Tupperware to eventually contribute ~1/3 of revenue.
Profitability Expansion and EBITDA Gains
Including Tupperware, quarter EBITDA grew 15% and net income grew 20.6%; organic first-half EBITDA margin expanded to 17.5% from 17.2% a year ago, and organic net income grew 19.1% in the first half. Jafra U.S. achieved a positive EBITDA margin for the quarter.
Strong Cash Generation and Shareholder Returns
Converted more than 70% of EBITDA into free cash flow in the quarter and nearly 90% on a last-12-month basis; Board increased the quarterly dividend to MXN 250 million (26th consecutive quarter of dividend payments).
Deleveraging and Attractive Return Metrics
Pre-acquisition deleveraging reduced debt by more than MXN 500 million to MXN 4 billion; pro forma net debt/TTM EBITDA (including Tupperware TTM EBITDA) is 1.6x while reported post-transaction net debt/TTM EBITDA is 2.6x; ROTA improved to 23.3% and ROIC to 32.3%.
Commercial and Regional Momentum
Betterware Mexico continued a multi-quarter growth trend, Jafra rebounded to growth in Mexico, and Tupperware direct-selling revenue across Mexico and Brazil (excluding non-direct sales) grew nearly 30% YoY; Tupperware Brazil decline narrowed to less than 7% in June versus double-digit declines previously.
MX:BWMX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed