$Betterware de Mexico (BWMX.US)$Revenue has continued to gro...
$Betterware de Mexico (BWMX.US)$Revenue has continued to grow for 3 years since listing in 2020. The growth rate fell to 14.3% in 2022, operating profit reached a high point of 2.6 billion in 2021, fell 21.2% in 2022 due to the surge in sales management expenses, and net profit fell sharply by 50.2% in 2022 due to the surge in interest expenses.
Revenue increased by 74.9% in 2023Q1, operating profit increased by only 3.8% due to the surge in sales management expenses, and net profit continued to decline 25% due to the surge in interest expenses.
The recent surge in sales management expenses and interest expenses is the result of major acquisitions in 2022. Currently, the aftermath of the acquisition is unending, and there is no investment value to be seen for the time being.
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