BeFra Q2 Revenue Jumps 17% on Tupperware Boost; Raises 2026 Guidance, Declares $0.36 Dividend

summarizeSummary

Betterware de México posted Q2 2026 net revenue of MXN 4.16 billion, up 16.8% year over year, raised its full-year guidance, and declared a MXN 250 million dividend. The quarter included the first month of Tupperware's contribution, which added MXN 451 million in revenue and MXN 123 million in EBITDA.

check_boxKey Events · Earnings and Guidance · BWMX

• Q2 Revenue +16.8% to MXN 4.16B

  Consolidated net revenue rose 16.8% year over year, including one month of Tupperware at MXN 451 million. Organic revenue from Betterware and Jafra grew 4.1%.

• EBITDA Up 15% to MXN 780M

  EBITDA reached MXN 780 million, yielding an 18.8% margin. Despite contributing for only one month, Tupperware accounted for MXN 123 million in EBITDA, or 15.8% of the total.

• 2026 Guidance Raised to 18-22% Revenue Growth

  Management lifted full-year revenue growth guidance from 4–8% to 18–22%, incorporating Tupperware. The EBITDA margin guidance of at least 19% was maintained.

• MXN 250M Dividend Declared

  Shareholders approved a MXN 250 million dividend (US$0.36 per share), payable on August 20, 2026 to shareholders of record as of August 6. This marks the 26th consecutive quarterly dividend.

auto_awesomeAnalysis · BWMX · Trade & Services

A strong second quarter saw revenue climb 16.8%, fueled by the first month of Tupperware consolidation and organic growth across Betterware and Jafra. The immediate impact of the acquisition prompted management to raise full-year revenue growth guidance to 18–22% from 4–8%. A MXN 250 million dividend was approved, extending a 26-quarter streak. The results underscore the strategic rationale behind the Tupperware deal: the brand contributed nearly 16% of EBITDA on just one month of sales, while pro forma leverage remained a comfortable 1.6x net debt-to-EBITDA.