Earnings release
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October 28 , 2021 Betterware Announces Third Quarter Fiscal Year 2021 Financial Results Net Revenues Increase 4 % for the Quarter and 69 % Year - to - date EPS of Ps . $ 13.76 for the Quarter and Ps . $ 43.76 Year - to - date GUADALAJARA , Mexico , Oct. 28 , 2021 / PRNewswire / -- Betterware de Mexico S.A.P.I. de C.V. ( NASDAQ : BWMX ) , has released its financial results for the third quarter fiscal 2021 ended September 30 , 2021 , and posted a letter to its shareholders on its investor relations website at https://investors.betterware.com.mx/ Betterware Hogar en armonía Q3 2021 vs. Prior - Year Quarter ( $ in Pesos ) Betterware Q3 2021 Revenue Q3 2021 Gross Profit Q3 2021 EBITDA Q3 2021 Average Distributors Q3 2021 Average Associates Ps . $ 2,361.5 million Ps . $ 1,328.5 million or 56.3 % of Revenue Ps . $ 708.4 million or 30.0 % of Revenue 63.5 thousand 1.18 million 4 % increase over Q3 2020 7 % increase over Q3 2020 3 % decrease over Q3 2020 19 % increase over Q3 2020 20 % increase over Q3 2020 Luis G. Campos , Executive Chairman of the Board , stated , " Our Company has a long history of consistent and profitable growth . Last year , this growth accelerated sharply as we almost tripled the size of our network of distributors and associates , becoming the largest active sales force in the direct - to - consumer market in Mexico . After the extraordinary growth seen in 2020 , the first nine months of 2021 have been a transitioning period where our main objective has been to consolidate our network of new distributors and associates gained during 2020 and adapt our operating capabilities to this new significantly higher level of revenues . The latter allowed us to deliver growth in net revenues of 4 % and a 69 % increase in net revenues for the first nine months of 2021. " Mr. Campos continued : " We move forward having successfully consolidated our network of distributors and associates , maintaining essentially the same number of active associates and distributors as we had by the end of 2020 , but with a much more solid base , and our operating expense structure is aligned to support our current operations and our expectations for double digit sales compounded annual growth rate from 2021 to 2025 . Overall , we are confident that the strength of our flexible business model , expansion as we