Mexico's Betterware Q3 revenue jumps 43%, beating estimates on Tupperware acquisition
BWMX•Betterware's third-quarter revenue rose 43% year over year to MXN 4.83 billion, beating the MXN 4.54 billion estimate, while adjusted EPS increased 17.9%. The company raised its 2026 net revenue growth guidance to 24%-26%.
1. Quarterly results
Betterware said third-quarter revenue increased 43% year over year to MXN 4.83 billion, above the MXN 4.54 billion analyst estimate. Adjusted EPS rose 17.9% year over year, and EBITDA margin was 20.9%.
2. Growth and outlook
The company said revenue growth reflected Tupperware’s first full-quarter contribution, targeted commercial initiatives and improving consumption trends. Betterware raised its 2026 net revenue growth guidance to 24%-26% and organic growth guidance to 4%-5%, and expects a 19% full-year EBITDA margin. It expects Jafra to return to growth in coming quarters.
3. Other financial details
Betterware paid a dividend of MXN 250 million and reduced debt. The company said temporary elevated freight costs and supply-chain disruptions affected Betterware’s gross margin, which was 64.1%.
