GET DAILY SIGNALSBetterware de México (BWMX) Achieves Record Revenue with +43.1% Year-over-Year Growth
Key Takeaways
- Consolidated revenue rose 43.1% year over year to an all-time high of MXN 4,832 million, driven by Tupperware's first full-quarter contribution.
- Group EBITDA (earnings before interest, taxes, depreciation, and amortization) climbed 39.6% to MXN 1,008 million, while net income increased 24.2% in the quarter.
- Management raised full-year 2026 revenue growth guidance to 24.0%–26.0%, while narrowing its organic growth outlook to 4.0%–5.0%.
- A MXN 250 million quarterly dividend (about $0.34 per share) was approved, marking the company's 27th consecutive quarterly payout.
- The core Betterware brand returned to growth, with third-quarter net revenue up 9.7% year over year.
Why These Earnings Matter
Betterware de México, S.A.P.I. de C.V. (BWMX), which operates under the "BeFra" platform alongside its Jafra brand, closed its acquisition of Tupperware's Latin American business earlier in 2026. This third quarter marked the first full three-month contribution from Tupperware, serving as an important test of the deal's impact on scale and profitability. The results follow a challenging 2025 marked by soft consumption in Mexico and a weak first quarter that weighed on the core home-goods business. Investors are assessing whether the multi-brand approach can deliver sustainable revenue growth while management sustains the financial discipline behind consistent dividends and debt reduction.
A Closer Look at the Numbers
For the third quarter of 2026, BWMX reported consolidated net revenue of MXN 4,832 million, up 43.1% year over year and reaching a new record. The increase reflects Tupperware's full-quarter contribution combined with continued momentum in the core Betterware brand. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Group EBITDA reached MXN 1,008 million, rising 39.6% from the prior-year period, while net income grew 24.2% in the quarter. On a year-to-date basis, accumulated net income increased 34.5%, and combined earnings per share rose 114% over the first nine months, which management linked to the highly accretive nature of the Tupperware Latam acquisition.
The Betterware brand itself generated net revenue of MXN 1,523 million, up 9.7% year over year, supported by 8.5% growth in Mexico and expansion in Guatemala and the Andean region. Betterware's EBITDA increased 3.1% to MXN 322 million, though its gross margin fell roughly 334 basis points to 53.8% due to temporary elevated freight costs from Middle East supply-chain issues. The Jafra business recorded a modest 2.8% year-over-year revenue decline.
Management updated its full-year outlook, raising net revenue growth guidance to 24.0%–26.0% from the prior range and narrowing organic growth guidance to 4.0%–5.0%. The company continues to target a full-year EBITDA margin of approximately 19%.
How the Market Responded
Shares of BWMX rose roughly 2.9% after the release, reflecting an initial positive reaction to the record revenue and the upward revision to full-year guidance. Investor sentiment has been influenced by the company's shift toward a diversified multi-brand platform, with the Tupperware integration standing out as a key variable for both revenue scale and profitability.
The brand-level results introduced some nuance: solid momentum at Betterware was partly offset by the slight Jafra decline and gross-margin pressure from freight costs. Still, management's view that supply-chain costs should ease in upcoming quarters, along with ongoing dividend commitments, helped support confidence in the near-term path.
What to Watch Going Forward
Several factors will shape the investment story after this earnings release. The pace of Tupperware integration remains central, as investors evaluate whether the acquisition's accretive qualities translate into sustained margin expansion and cash generation. Freight-cost pressures from Middle East disruptions also warrant attention; management expects relief, but any continuation could affect the Betterware brand's gross margin. The Jafra business merits monitoring as well, given its slight revenue decline against growth elsewhere in the portfolio. Finally, balance-sheet metrics such as leverage and dividend sustainability will stay in focus following the debt-funded acquisition. The guidance update and dividend announcement point to management confidence, yet execution across new markets and the broader Latin American consumer environment will remain important variables.
Using Tickeron’s AI Tools in My Research
I often turn to Tickeron’s AI Screener when analyzing names like BWMX to quickly compare fundamentals, technical patterns, and sector peers. It helps surface relevant data points without manual effort and supports a more structured review of opportunities in consumer-discretionary names.
Disclaimer
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
BWMX in downward trend: price dove below 50-day moving average on October 16, 2026
BWMX moved below its 50-day moving average on October 16, 2026 date and that indicates a change from an upward trend to a downward trend. In 40 of 46 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 87%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for BWMX moved out of overbought territory on September 21, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 25 similar instances where the indicator moved out of overbought territory. In 18 of the 25 cases, the stock moved lower in the following days. This puts the odds of a move lower at 72%.
The Momentum Indicator moved below the 0 level on October 02, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on BWMX as a result. In 73 of 96 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 76%.
The Moving Average Convergence Divergence Histogram (MACD) for BWMX turned negative on October 06, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In 40 of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at 77%.
The 50-day moving average for BWMX moved below the 200-day moving average on September 16, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BWMX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 76%.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The 10-day moving average for BWMX crossed bullishly above the 50-day moving average on September 25, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 14 of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 88%.
Following a +1.17% 3-day Advance, the price is estimated to grow further. Considering data from situations where BWMX advanced for three days, in 198 of 266 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.
BWMX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of 11 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.260) is normal, around the industry mean (2.329). P/E Ratio (0.356) is within average values for comparable stocks, (17.119). BWMX's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.159). Dividend Yield (0.085) settles around the average of (0.093) among similar stocks. P/S Ratio (0.694) is also within normal values, averaging (1.057).
The Tickeron SMR rating for this company is 16 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 56 (best 1 - 100 worst), indicating fairly steady price growth. BWMX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 97 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BWMX’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
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a direct-to-consumer selling company, which focuses on the home organization segment, with a product portfolio including home organization, kitchen preparation, food containers, smart furniture, and technology
Industry SpecialtyStores