Quarterly ResultOct 22, 2026, 05:31 PM
BeFra Q3 Revenue Up 43.1% to $4.83B MXN; Guides Up
AI Summary
Betterware de México (BeFra) reported strong third-quarter 2026 results, with consolidated net revenue surging 43.1% year-over-year to $4,832 million MXN, boosted by Tupperware's first full-quarter contribution. EBITDA rose 39.6% to $1,008 million MXN, and net income increased 24.2% to $390 million MXN. Free cash flow saw a significant 91.3% YoY increase to $1,059 million MXN. The company raised its full-year revenue growth guidance to 24.0%-26.0% and expects a 19% EBITDA margin. While the Jafra brand experienced a revenue decline, BeFra is implementing strategic changes to improve performance. The company also announced its 27th consecutive quarterly dividend payment of MXN 250 million.
Key Highlights
- Consolidated net revenue increased 43.1% YoY to $4,832 M MXN, driven by Tupperware's first full-quarter contribution and Betterware's 9.7% growth.
- EBITDA increased 39.6% YoY to $1,008 M MXN; Net Income increased 24.2% YoY to $390 M MXN.
- Free Cash Flow increased 91.3% YoY to $1,059 M MXN.
- Company raises full-year net revenue growth guidance to 24.0%-26.0% and expects a full-year EBITDA margin of 19%.
- Jafra brand revenue declined 2.8% YoY, with EBITDA down 20.1% YoY; management is implementing changes to return to growth.
- Tupperware Latam core direct-selling revenue increased 14.0% YoY, though total brand revenue declined 6.8% YoY on a combined basis.
- A quarterly dividend of MXN 250 million ($0.3424 per share) was approved, marking the 27th consecutive quarterly dividend payment.
Price Impact
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