Mexico's Betterware Q3 revenue jumps 43%, beating estimates on Tupperware acquisition

By Reuters News


Overview

  • Mexico consumer products platform's Q3 revenue rose 43% yr/yr, beating analyst expectations

  • Adjusted EPS for Q3 increased 17.9% yr/yr

  • Company paid MXN 250 mln dividend and reduced debt


Outlook

  • Company raises 2026 net revenue growth guidance to 24-26% and organic growth to 4-5%

  • Company expects full-year 2026 EBITDA margin of 19%

  • Company expects Jafra to return to growth in coming quarters


Result Drivers

  • TUPPERWARE ACQUISITION - Co said revenue growth was driven by Tupperware’s first full-quarter contribution

  • BETTERWARE GROWTH - Co said targeted commercial initiatives and improving consumption trends drove Betterware’s revenue growth

  • SUPPLY CHAIN PRESSURES - Co said temporary elevated freight costs and supply-chain disruptions affected Betterware’s gross margin


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

MXN 4.83 bln

MXN 4.54 bln (3 Analysts)

Q3 Gross Margin

64.10%

Q3 EBITDA Margin

20.90%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the department stores peer group is "buy"

  • Wall Street's median 12-month price target for Betterware de Mexico S.A.P.I. de C.V. is $30.00, about 88.8% above its October 21 closing price of $15.89

  • The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago


Reuters Recommended Reads

  • Oct 22 - Tractor Supply Q3 sales beat, helped by new store openings and VIP Petcare acquisition

  • Oct 20 - Hasbro Q3 revenue beats on Magic: The Gathering game strength; lifts 2026 outlook

  • Oct 20 - Mexico's America Movil says mobile growth boosts earnings; misses estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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