We are reiterating our Buy rating, $30 price target and slightly tweaking down our 1Q26 (March) projections for Betterware de Mexico with the company announcing results after the close on Thursday. With what we view as the game changing acquisition of Tupperware LatAm looming and 1Q traditionally the smallest quarter for the company, we believe the quarter results will be relatively unimportant to the overall Betterware longer term growth story. Further, with the company recently announcing a new CFO hire, the conference call will be his introduction to investors. We also expect Betterware to reiterate the multiple positives of the Tupperware LatAm acquisition, from geographic expansion into Brazil and most of Latin America, deeper Mexican market share in housewares and a compelling acquisition multiple. As such, and with BWMX still yielding over 6.25%, we reiterate our Buy rating and $30 price target.