The following is a summary of the Betterware De México, S.A.P.I. De C.V. (BWMX) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Q2 2024 highlighted a 5.3% year-over-year revenue growth, marking the third consecutive quarter of growth for Betterware Mexico and a first year-over-year increase for Jafra US since its acquisition in 2022.

• EBITDA increased by 3%, driven by Jafra Mexico's steady performance despite global supply chain disruptions and market volatility in Mexico.

• Consolidated gross margin contracted by 103 basis points due to a less favorable product mix and higher freight costs.

• Free cash flow decreased by 39% primarily due to a reduction in operating cash flow and higher capital expenditures.

Business Progress:

• Continued growth despite challenges like global supply chain disruptions and geopolitical tensions.

• Launched a redesigned catalog for Jafra which is expected to boost purchases.

• Plans to increase the digital presence of Jafra in the US with the rollout of the Shopify Plus platform.

• Initiatives include improved demand forecasting, enhanced pricing structures, and strategic use of property sales proceeds for debt servicing.

Opportunities:

• The ongoing expansion in the US and product innovation are expected to drive growth, leveraging the redesigned Jafra catalog and Shopify platform launch.

Risks:

• Ongoing challenges include higher import taxes on 116 SKUs and increased freight costs impacting profitability.

• Market volatility influenced by Mexico's presidential election and geopolitical tensions could affect operation.

More details: Betterware de Mexico IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.