Betterware de México, S.A.P.I. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 01, 2023
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Betterware de México, S.A.P.I. de C.V. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MXN 3,220.1 million compared to MXN 3,243.6 million a year ago. Net income was MXN 258.37 million compared to MXN 289.42 million a year ago. Basic earnings per share from continuing operations was MXN 6.94 compared to MXN 7.77 a year ago.
For the six months, sales was MXN 6,484.31 million compared to MXN 5,103.8 million a year ago. Net income was MXN 446.37 million compared to MXN 570.66 million a year ago. Basic earnings per share from continuing operations was MXN 11.98 compared to MXN 15.31 a year ago.
Betterware de Mexico, S.A.B. DE C.V.. is a Mexico-based company that sells household appliances through an online portal. The Company operates through a Catalogue that shows the different retail household products that it comprises,including kitchen appliances, garden tools, and everyday accesories among other categories. The Company operates accross all of the Mexican states as Betterware's products reach every city in Mexico due to the strategic position of their production plant.