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, $17 price target and projections for Betterware as we look at the year ahead.</li><li>We believe Betterware, with the namesake division revamped and set to register YoY revenue growth in 4Q23 is poised to once again register the strong, consistent returns which the COV-19 driven environment ups and downs occluded.</li><li>As such, we remain upbeat on BWMX and reiterate our Buy rating and $17 price target.</li></ul>

We are reiterating our Buy rating, $17 price target and projections for Betterware as we look at the year ahead.We believe Betterware, with the namesake division revamped and set to register YoY revenue growth in 4Q23 is poised to once again register the strong, consistent returns which the COV-19 driven environment ups and downs occluded.As such, we remain upbeat on BWMX and reiterate our Buy rating and $17 price target.

BWMX: 2024 Signposts: Putting All the Pieces in Place; Reiterate Buy, $17 PT