Latest Financial Results
Quarter Ended Mar 28, 2021
Net revenues increased 205% to Ps. 2,901.7M from Ps. 952.6M in 1Q20.
Gross margin increased 1.4 pp to 57.5% in Q121 from 56.1% in Q120.
For the first quarter, Betterware’s EBITDA increased 287% Year-on-Year to Ps. 923.1M, compared to Ps. 238.4M in 1Q20.
The net income for 1Q21 increased 339% to Ps. 638.5M, relative to Ps. 145.5M in 1Q20.
Source: Q1 2021 Earnings Release
For complete information regarding our financials, see our periodic filings.
Latest Annual Filing
For Fiscal Year Ending Jan 3, 2021
A Leading Direct-to-consumer Company
Founded in 1995, Betterware de Mexico is the leading direct-to-consumer selling company in Mexico. The Company has delivered consistent revenue growth as evidenced by its compound annual growth rate ("CAGR") of 25% from 2003-2020 with even stronger revenue growth in the last 5 years, which has accelerated to a CAGR of 57%. Focused on the home organization and solutions segment, Betterware’s wide product portfolio includes home organization, kitchen, commuting, laundry and cleaning, as well as other categories.
Supported by its three strategic pillars, Product Innovation, Business Intelligence and Technology, Betterware has been able to achieve sustainable double-digit growth rates by successfully expanding its market penetration driven by its almost 66,400 distributors and 1,250,000 associates in its network.
Its state-of-the-art infrastructure allows it to safely and timely deliver its products to every part of the country, backed by the strategic location of its distribution center.
Betterware de Mexico at a Glance
Distributors, district managers and district directors
As of May 6, 2021 • Q1 2021 Earnings Release
Betterware de Mexico’s Strong Growth in FY 2020
Our company continues to experience strong growth in terms of revenue and profits.
Net Revenue(In thousands of Mexican pesos “Ps.”)
EBITDA(In thousands of Mexican pesos “Ps.”)
Betterware de Mexico’s Strong Growth in FY 2019 as Jan 3, 2021 • 2020 20-F
Environmental, Social and Governance
The Company built its mission around a clear and sustainable social commitment: to create opportunities for those who can and want to seize them.
The Company is working on a strategy to comply with the highest international standards in sustainability.View ESG
Betterware de México, S.A.B. de C.V.
Cruce carretera GDL-Ameca-Huaxtla Km 5
El Arenal, Jalisco 45350
T: +52 (33) 3836 0500 Ext. 2011
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