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, $22.50 price target and projections for Betterware de Mexico after reviewing the September catalog.</li><li>September's offerings reflect a continued shift to higher priced items, with the average price the highest we have recorded; further the level of discounting continues to materially shrink from peak September 2023 levels.</li><li>With SKU levels normalizing, we believe the overall Betterware message is of management focusing on driving stronger overall returns and revenue.</li></ul>

We are reiterating our Buy rating, $22.50 price target and projections for Betterware de Mexico after reviewing the September catalog.September's offerings reflect a continued shift to higher priced items, with the average price the highest we have recorded; further the level of discounting continues to materially shrink from peak September 2023 levels.With SKU levels normalizing, we believe the overall Betterware message is of management focusing on driving stronger overall returns and revenue.

BWMX: 카탈로그 스냅핑: 새로운 표준 만들기; 매수 재확인, PT당 $22.50