European Wax Center

European Wax Center, Inc. engages in the provision of out-of-home hair removal services. Its menu of services is focused on body and facial waxing. The firm operates company-owned waxing centers and franchises its model. It offers body, skincare, and brow products. The company was founded in 2004 and is headquartered in Plano, TX.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

European Wax Center posts record Q4 results and eyes expansion

European Wax Center (EWCZ) reported strong Q4 2022 performance, driven by the success of the Wax Pass program and strategic growth initiatives. The company's focus on analytics, staff retention, and revenue optimization positions it well for continued success in 2023. Challenges in maintaining comp growth and adapting to market dynamics exist, but EWCZ is poised to capitalize on expansion opportunities and drive profitability.

European Wax Center excels in Q1 performance, faces growth challenges

European Wax Center delivered a strong Q1 performance with notable revenue growth and margin expansion, driven by successful strategies targeting loyal and routine guests.
While facing challenges in managing episodic guest impact and maintaining consistency in newer store cohorts' performance, the company remains focused on growth and retention strategies.
Opportunities in converting routine guests to Wax Pass members, leveraging growth partners, and enhancing guest experience through targeted initiatives position European Wax Center for continued success.

European Wax Center posts strong Q2 results, eyes laser expansion

European Wax Center (EWCZ) delivered robust Q2 results, maintaining financial stability and efficiency while focusing on driving sales growth and enhancing guest experience.
The company's strategic initiatives, including laser hair removal tests and bundling strategies, aim to capture new customer segments and optimize revenue streams.
Challenges such as market preferences and operational balancing are being addressed through innovation, consistent training, and a focus on franchisee success.
EWCZ's strong performance, operational strengths, and growth opportunities position it well for sustained success and market expansion in the beauty services industry.

European Wax Center reports resilient Q3 performance amidst economic challenges

European Wax Center (EWCZ) navigated challenges to deliver growth in Q3, focusing on loyal guests and expanding its footprint.
The company's financial performance remained strong, with a focus on generating free cash flows and creating long-term shareholder value.
Despite macroeconomic pressures, EWCZ is committed to strategic initiatives and maintaining growth momentum in 2023.

European Wax Center posts strong Q4 results, eyes growth opportunities

European Wax Center (EWCZ) reported strong financial performance in Q4 2023 and outlined ambitious growth plans for 2024, targeting significant increases in system-wide sales and adjusted EBITDA.
The company's strategic focus on expanding net new centers, introducing new services, and optimizing operational efficiency positions it well for continued success and market leadership.
While facing challenges in pricing strategies and operational complexities, EWCZ remains proactive in addressing these issues and capitalizing on opportunities for growth and innovation.
By leveraging market data analysis, driving customer engagement, and enhancing operational efficiency, European Wax Center (EWCZ) aims to sustain profitability, attract new guests, and drive long-term success.

European Wax Center (EWCZ) reports stable Q1 performance and growth opportunities

European Wax Center (EWCZ) delivered stable performance with growth in center count and total revenue, despite challenges in same-store sales.
Strong profit margins and cash position increase highlight financial resilience, with initiatives showing promising early results.
Opportunities lie in driving new guest acquisition, improving existing guest metrics, and achieving long-term sales goals.
Challenges include weather impacts on sales, expense fluctuations, and delays in unit development, but the company remains optimistic about meeting targets.

European Wax Center reports modest Q2 growth amid market challenges

European Wax Center (EWCZ) navigated challenges in Q2 2024 with modest growth but faces headwinds from the macroeconomic environment.
The company is adjusting its outlook for the remainder of 2024 and focusing on strategic initiatives to drive growth and improve financial performance.
Despite challenges, EWCZ remains committed to enhancing the guest experience, driving new guests, and working closely with franchise partners for long-term success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

European Wax Center, Inc. engages in the business of managing franchisee and operation of out-of-home waxing services by number of centers and system-wide sales. The firm is also involved in selling franchises, distributing facial and body waxing products to franchisees which are used to perform waxing services, and providing branded facial and body waxing products directly to consumers. The company was founded in 2004 and is headquartered in Plano, TX.

Reports preliminary fiscal 2023 net new center openings at high end of previous outlook Expects remaining fiscal 2023 financial results within or above previous outlook

European Wax Center, Inc. Provides Update Ahead of Presentation at ICR Conference 2024

Coty

Inter Parfums

Olaplex Holdings

Inter Parfums (IPAR), COTY, European Wax Center (EWCZ) and Olaplex (OLPX) are well-positioned to continue their growth story in 2024, backed by solid brand images and innovation efforts.

Trends Redefining Beauty: What to Expect in 2024

PLANO, Texas, Dec. 21, 2023 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, today announced that members of its management team will participate in the ICR Conference 2024 at the JW Marriott & Ritz-Carlton Resort in Orlando, Florida on January 8 and 9, 2024.

European Wax Center, Inc. Announces Participation in the ICR Conference 2024

e.l.f. Beauty

The Zacks Cosmetics industry is facing rising costs and supply-chain-related issues. Focus on digital business and innovations is aiding Coty, e.l.f.

4 Cosmetics Stocks Worth Watching Amid Industry Headwinds

PLANO, Texas, Nov. 28, 2023 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, today announced that members of its management team will host investor meetings and participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 5, 2023.

European Wax Center, Inc. Announces Participation in the Morgan Stanley Global Consumer & Retail Conference

European Wax Center, Inc. (NASDAQ:EWCZ ) Q3 2023 Earnings Conference Call November 8, 2023 8:00 AM ET Company Participants Bethany Johns - Director of Investor Relations David Willis - CEO and Director Stacie Shirley - CFO Conference Call Participants Randal Konik - Jefferies Lorraine Hutchinson - Bank of America Dana Telsey - Telsey Advisory Group Jacquelyn Sussman - Morgan Stanley John Heinbockel - Guggenheim Partners Korinne Wolfmeyer - Piper Sandler Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to European Wax Center's Third Quarter Fiscal 2023 Earnings Call.

European Wax Center's (EWCZ) Q3 2023 Earnings Call Transcript

The headline numbers for European Wax Center, Inc. (EWCZ) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About European Wax Center, Inc. (EWCZ) Q3 Earnings

European Wax Center, Inc. (EWCZ) came out with quarterly earnings of $0.09 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.12 per share a year ago.

European Wax Center, Inc. (EWCZ) Meets Q3 Earnings Estimates

Third Quarter Fiscal 2023 versus 2022 Net new centers increased 12.6% to 1,026 total centers in 45 states System-wide sales of $240.7 million increased 2.4% Total revenue of $55.7 million increased 1.2% Same-store sales increased 3.4% GAAP net income of $4.2 million and Adjusted net income of $6.1 million Adjusted EBITDA of $19.3 million PLANO, Texas, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Today, European Wax Center, Inc. (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, reports financial results for the 13 and 39 weeks ended September 30, 2023. David Willis, Chief Executive Officer of European Wax Center, Inc. stated: “The third quarter marked another period of top-line, bottom-line and unit growth for European Wax Center.

European Wax Center, Inc. Reports Third Quarter Fiscal Year 2023 Results

PLANO, Texas, Oct. 25, 2023 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, today announced that it plans to report third quarter fiscal 2023 financial results before the market opens on Wednesday, November 8, 2023. Following the release, the company's management will host a conference call at 8:00 a.m. ET/7:00 a.m. CT to review the results.

European Wax Center, Inc. to Report Third Quarter Fiscal 2023 Financial Results on November 8th

PLANO, TEXAS , Oct. 23, 2023 /PRNewswire/ -- European Wax Center, Inc. (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, is proud to be recognized and included in T he Franchise Times Top 400. European Wax Center ranked at No.

European Wax Center Recognized as a Featured Franchise in The Franchise Times' Exclusive Top 400 Ranking List

The Secret to Smooth in an All-In-One Body Buffer PLANO, Texas , Oct. 2, 2023 /PRNewswire/ -- European Wax Center (NASDAQ: EWCZ ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, is revolutionizing the in-shower experience by partnering with Spongellé, the statement-makers in self-care. As the experts in wax, European Wax Center offers guests another method of extending their post-wax results from the comfort of their home with the Spongellé for EWC Body Buffer.

European Wax Center and Spongellé Announce the Biggest Collaboration to Hit Showers in 2023

FirstService

Latham Group

Faced with finding three top franchise stocks to buy for 2024 and beyond, I want to keep the restaurant names to a minimum. That's especially true, given I've only got three spots available.

3 of the Top Franchise Stocks to Buy Now: 2023 Edition Top Franchise Stocks

PLANO, Texas , Sept. 14, 2023 /PRNewswire/ --  European Wax Center, Inc. (NASDAQ: EWCZ) (the "Company" or "European Wax Center"), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, is proud to announce its win of two coveted Brandon Hall Group Gold awards for excellence.

European Wax Center Wins Two Brandon Hall Group Gold Awards in Learning and Development for Center Manager Training

PLANO, Texas, Sept. 12, 2023 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (NASDAQ: EWCZ) (the “Company” or “European Wax Center”), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, today announced the release of its 2022 Environmental, Social and Governance (“ESG”) Report, highlighting the Company's efforts to build a more confident, inclusive and sustainable community.

European Wax Center, Inc. Publishes Inaugural Environmental, Social and Governance Report

PLANO, Texas , Aug. 15, 2023 /PRNewswire/ --  European Wax Center, Inc.  (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, is proud to be recognized in two of Entrepreneur 's most coveted lists for franchises - the inaugural 2023 Top Franchises For Multi-Unit Owners and Best of the Best Franchises. Entrepreneur's Top Franchises for Multi-Unit Owners unveils the top franchisors with the best incentives, systems and overall opportunities for multi-unit ownership.

European Wax Center Recognized by "Entrepreneur" and Featured in July/August Issue as a Top Franchise For Multi-Unit Owners and Best of the Best Franchise

European Wax Center, Inc. (NASDAQ:EWCZ ) Q2 2023 Earnings Conference Call August 9, 2023 8:00 AM ET Company Participants Bethany Johns - Director of Investor Relations David Berg - Chief Executive Officer and Director David Willis - President and Chief Operating Officer Stacie Shirley - Chief Financial Officer Conference Call Participants Randal Konik - Jefferies Dana Telsey - Telsey Advisory Group Joshua Young - Truist Securities Jonathan Komp - Baird John Heinbockel - Guggenheim Partners Kelly Crago - Citi Simeon Gutman - Morgan Stanley Operator Good morning, ladies and gentlemen. Thank you for standing by.

European Wax Center, Inc. (EWCZ) Q2 2023 Earnings Call Transcript

The headline numbers for European Wax Center, Inc. (EWCZ) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

European Wax Center, Inc. (EWCZ) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

European Wax Center, Inc. (EWCZ) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.20 per share a year ago.

European Wax Center, Inc. (EWCZ) Q2 Earnings Lag Estimates

Achieves milestone 1000 th center opening Reiterates fiscal 2023 outlook Second Quarter Fiscal 2023 versus 2022 Net new centers increased 12.3% to 1,003 total centers in 45 states System-wide sales of $254.2 million increased 10.0% Total revenue of $59.1 million increased 10.7% Same-store sales increased 2.6% GAAP net income of $5.6 million increased 175.4% Adjusted EBITDA of $21.2 million increased 13.8% PLANO, Texas, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Today, European Wax Center, Inc. (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, reports financial results for the 13 and 26 weeks ended July 1, 2023. David Berg, Chief Executive Officer of European Wax Center, Inc. stated: “We are pleased to deliver second quarter results in line with our expectations, reinforcing the strength and consistency of the European Wax Center business model.

European Wax Center, Inc. Reports Second Quarter Fiscal Year 2023 Results

President and Chief Operating Officer David Willis Appointed Chief Executive Officer David Berg to Become Executive Chairman of the Board of Directors

European Wax Center Announces CEO Succession Plan

European Wax Center, Inc. is a primarily franchised network of nearly 1,000 personal beauty care centers in the United States. The company's franchise base is expanding and has access to plenty of investment capital. However, "episodic" visitors are starting to show demand reduction, perhaps as a harbinger of the potential for wider demand softness ahead.

European Wax Center Grows Quickly Amid Signs Of Client Fatigue

PLANO, Texas, July 26, 2023 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, today announced that it plans to report second quarter fiscal 2023 financial results before the market opens on Wednesday, August 9, 2023. Following the release, the company's management will host a conference call at 8:00 a.m. ET/7:00 a.m. CT to review the results.

European Wax Center, Inc. to Report Second Quarter Fiscal 2023 Financial Results on August 9th

Following strong Q1 net new center growth of 11.9% across 45 states, European Wax Center will celebrate the opening of its 1,000th center on July 18th, 2023 in Louisville, Kentucky   PLANO, Texas , July 13, 2023 /PRNewswire/ -- European Wax Center, Inc.  (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, is proud to celebrate the milestone opening of its 1,000th center in Louisville, Kentucky - Fern Creek on July 18, 2023. Located at 7714 Bardstown Road, Suite 105, in Louisville, KY 40291, this location marks the 5th center for European Wax Center franchisee Mark Mick.

EUROPEAN WAX CENTER ANNOUNCES 1,000TH CENTER OPENING

PLANO, Texas , June 28, 2023 /PRNewswire/ --  European Wax Center, Inc.  (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, is proud to announce it has been recognized as one of the 2023 Fortune Best Workplaces in Texas™. European Wax Center was listed among small-medium businesses and was previously Certified™ by Great Place to Work® in March 2023.

News for European Wax Center Stock (EWCZ)