Equity Research Focusing on the Consumer Sector, Small Cap Consumer Research

Small Cap Consumer Research

Equity research on small cap consumer names.

Equity Research Focusing on the Consumer Sector

Small Cap Consumer Research, LLC is a leading company-sponsored equity research provider focusing on the consumer sector (apparel, brand licensing and specialty retailing segments).

Equity Bottom-Up

Betterware de Mexico Sab de CV / Equity Bottom-Up

<ul><li>We are reiterating our Buy rating, projections and $22.50 price target for Betterware de Mexico as the company begins their celebration of 30 years of "creating opportunities" with the June catalog.</li><li>June has seen continued newness and higher pricing, with discounting levels below prior year levels (after outpacing 2024 previously) as the rainy season, summer and mosquito control come to the fore.</li><li>We believe Betterware management has continued to walk the tightrope between the need for deals for a consumer who is somewhat economically pinched and the need for strong returns at the Betterware division; getting the balance right will be the key to driving results on or above management's guidance.</li></ul>

We are reiterating our Buy rating, projections and $22.50 price target for Betterware de Mexico as the company begins their celebration of 30 years of "creating opportunities" with the June catalog.June has seen continued newness and higher pricing, with discounting levels below prior year levels (after outpacing 2024 previously) as the rainy season, summer and mosquito control come to the fore.We believe Betterware management has continued to walk the tightrope between the need for deals for a consumer who is somewhat economically pinched and the need for strong returns at the Betterware division; getting the balance right will be the key to driving results on or above management's guidance.

BWMX: Snapping the Catalog: Gearing up for 30th Anniversary; Reiterate Buy, PT