Earnings Call Summary | Betterware De Mexico(BWMX.US) Q1 2024 Earnings Conference
Earnings Call Summary | Betterware De Mexico(BWMX.US) Q1 2024 Earnings Conference
The following is a summary of the Betterware De México, S.A.P.I. De C.V. (BWMX) Q1 2024 Earnings Call Transcript:
以下是墨西哥Betterware，S.A.P.I. De C.V.（BWMX）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Betterware reported double-digit year-over-year growth in net revenues for Q1 2024, reflecting improved operational and financial efficiencies.
The company's EBITDA increased by 15.4% compared to Q1 2023, with EBITDA margin improving by 92 basis points.
Consolidated gross margin increased by 79 basis points to 73.6% compared to Q1 2023, largely due to improvements in Jafra Mexico's gross margin.
Betterware Mexico recorded a 12% increase in net revenues year-on-year, marking its second consecutive quarter of growth.
The company's consolidated net income for Q1 2024 was MXN294.1 million, a 56.5% increase from Q1 2023.
Betterware报告称，2024年第一季度净收入同比增长两位数，这反映了运营和财务效率的提高。
该公司的息税折旧摊销前利润与2023年第一季度相比增长了15.4％，息税折旧摊销前利润率提高了92个基点。
与2023年第一季度相比，合并毛利率增长了79个基点至73.6％，这主要是由于墨西哥贾夫拉的毛利率有所提高。
墨西哥Betterware的净收入同比增长12％，这是其连续第二个季度实现增长。
该公司2024年第一季度的合并净收入为2.941亿墨西哥比索，较2023年第一季度增长了56.5％。
Business Progress:
业务进展：
Betterware continues its international expansion with the US operations starting as planned.
The company reported a 16% increase in average monthly orders per associate in the quarter.
They launched new Betterware products, including a gourmet brand and hydration subcategory products.
Jafra Mexico exceeded expectations with net revenue and EBITDA growing by 11.3% and 38% respectively.
Betterware launched a cross-border incentive program for Mexican distributors and associates, and plans to begin operations in Peru in Q1 2025.
The company anticipates that the US and other international markets will become significant growth sources.
Betterware aims to pay down approximately MXN800 million in debt in 2024, mainly from the business's cash flow.
Despite lower-than-expected success with skincare products last year, with Jafra Skin launch in Q1 2024 and another line due in July, the company anticipates a positive impact in future quarters.
Betterware继续进行国际扩张，美国业务按计划启动。
该公司报告称，本季度每位员工的平均月订单增长了16％。
他们推出了新的Betterware产品，包括美食品牌和补水子类别产品。
墨西哥贾夫拉超出了预期，净收入和息税折旧摊销前利润分别增长了11.3％和38％。
Betterware为墨西哥分销商和关联公司启动了跨境激励计划，并计划于2025年第一季度在秘鲁开始运营。
该公司预计，美国和其他国际市场将成为重要的增长来源。
Betterware的目标是在2024年偿还大约 MXN800 百万美元的债务，主要来自该业务的现金流。
尽管去年护肤产品的成功率低于预期，Jafra Skin将于2024年第一季度推出，另一系列将于7月上市，但该公司预计未来几个季度将产生积极影响。
More details: Betterware de Mexico IR
更多详情： Betterware de 墨西哥 IR
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