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年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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報告稱，2024年第一季度淨收入同比增長兩位數，這反映了運營和財務效率的提高。
該公司的息稅折舊攤銷前利潤與2023年第一季度相比增長了15.4％，息稅折舊攤銷前利潤率提高了92個點子。
與2023年第一季度相比，合併毛利率增長了79個點子至73.6％，這主要是由於墨西哥賈夫拉的毛利率有所提高。
墨西哥Betterware的淨收入同比增長12％，這是其連續第二個季度實現增長。
該公司2024年第一季度的合併淨收入爲2.941億墨西哥披索，較2023年第一季度增長了56.5％。
Business Progress:
業務進展：
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繼續進行國際擴張，美國業務按計劃啓動。
該公司報告稱，本季度每位員工的平均月訂單增長了16％。
他們推出了新的Betterware產品，包括美食品牌和補水子類別產品。
墨西哥賈夫拉超出了預期，淨收入和息稅折舊攤銷前利潤分別增長了11.3％和38％。
Betterware爲墨西哥分銷商和關聯公司啓動了跨境激勵計劃，並計劃於2025年第一季度在秘魯開始運營。
該公司預計，美國和其他國際市場將成爲重要的增長來源。
Betterware的目標是在2024年償還大約 MXN800 百萬美元的債務，主要來自該業務的現金流。
儘管去年護膚產品的成功率低於預期，Jafra Skin將於2024年第一季度推出，另一系列將於7月上市，但該公司預計未來幾個季度將產生積極影響。
More details: Betterware de Mexico IR
更多詳情： Betterware de 墨西哥 IR
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