Betterware de Mexico posts transcript of Q2 2026 earnings call
BWMX•Q2 2026 earnings call transcript posted
Betterware de Mexico published a transcript of its Q2 2026 earnings call attended by CEO Andres Campos, CFO Raúl del Villar, Water Tower Research, SCC Research, and Telsey Advisory Group.
- Revenue rose 16.8% including one month of Tupperware; organic revenue, excluding Tupperware, increased 4.1% year over year.
- Management shifted Tupperware to a direct-selling-only model, exiting non-direct-selling revenue streams that boosted Mexico sales last year.
- Net debt to trailing 12-month EBITDA was 2.6x post-deal; pro forma leverage was 1.6x; financing included USD 35 million shares and USD 213 million long-term debt.
- Argentina distribution license granted by prior owners ends in September 2026; entry timing under review; Mexico plant runs near 60% utilization, Brazil near 40%.




