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.

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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.

European Wax Center (EWCZ) addresses challenges, focuses on growth strategies

European Wax Center (EWCZ) navigated challenges in Q3 2024 with a focus on strategic priorities, financial performance in line with expectations, and partnerships to drive growth. The company's outlook for fiscal 2024 remains positive, with a commitment to improving profitability and guest acquisition.

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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.

PLANO, Texas , April 4, 2024 /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 proud to be recognized by Entrepreneur for a consecutive year as one of the Fastest-Growing Franchises. European Wax Center ranked at #19, up from last year's ranking at #30.

EUROPEAN WAX CENTER NAMED ONE OF THE TOP 20 FASTEST-GROWING FRANCHISES OF 2024 BY ENTREPRENEUR

European Wax Center wins coveted beauty award in the subcategory, "Best Ingrown Hair Treatment" PLANO, Texas , April 3, 2024 /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 proud to announce its  NewBeauty Award win. The brand's most recent product innovation, EWC TREAT® Ingrown Hair Mist , hit the market in 2023 and has been named "Best Ingrown Hair Treatment" in the 2024 NewBeauty Awards.

EUROPEAN WAX CENTER'S EWC TREAT® INGROWN HAIR MIST WINS 2024 NEWBEAUTY AWARD

While the top- and bottom-line numbers for European Wax Center, Inc. (EWCZ) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

European Wax Center, Inc. (EWCZ) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

European Wax Center, Inc. (EWCZ) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $1.21 per share a year ago.

European Wax Center, Inc. (EWCZ) Beats Q4 Earnings and Revenue Estimates

European Wax Center, Inc. (NASDAQ:EWCZ ) Q4 2023 Earnings Conference Call March 6, 2024 8:00 AM ET Company Participants David Willis - Chief Executive Officer and Director Stacie Shirley - Chief Financial Officer Andrea Wasserman - Chief Commercial Officer Conference Call Participants Randal Konik - Jefferies Josh Young - Truist Securities Korinne Wolfmeyer - Piper Sandler Dana Telsey - Telsey Advisory Group Simeon Gutman - Morgan Stanley John Heinbockel - Guggenheim Securities Jonathan Komp - Baird Operator Good morning, ladies and gentlemen. Thank you for standing by.

European Wax Center, Inc. (EWCZ) Q4 2023 Earnings Call Transcript

Fiscal Year 2023 versus 2022 Net new centers increased 10.6% to 1,044 total centers in 45 states System-wide sales of $955.0 million increased 6.3% Total revenue of $221.0 million increased 6.6% Same-store sales increased 2.9% GAAP net income of $12.3 million and Adjusted net income of $22.5 million Adjusted EBITDA of $76.0 million PLANO, Texas, March 06, 2024 (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 14 and 53 weeks ended January 6, 2024. David Willis, Chief Executive Officer of European Wax Center, Inc. stated: “European Wax Center delivered a strong fourth quarter and equally strong full year 2023 performance.

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

Here is how European Wax Center, Inc. (EWCZ) and Utz Brands (UTZ) have performed compared to their sector so far this year.

Is European Wax Center (EWCZ) Outperforming Other Consumer Staples Stocks This Year?

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for European Wax Center, Inc. (EWCZ), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

Ahead of European Wax Center, Inc. (EWCZ) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics

PLANO, Texas , Feb. 22, 2024 /PRNewswire/ -- European Wax Center (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, was recognized as one of the top 500 franchises in Entrepreneur's Franchise 500®, the world's first, best, and most comprehensive franchise ranking. For 45 years, the annual Entrepreneur Franchise 500® has been a highly sought-after honor in the franchise industry and recognized as an invaluable resource for potential franchisees.

EUROPEAN WAX CENTER RANKED AMONG THE TOP FRANCHISES IN ENTREPRENEUR'S HIGHLY COMPETITIVE FRANCHISE 500® 2024

PLANO, Texas, Feb. 21, 2024 (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 fourth quarter and fiscal year 2023 financial results before the market opens on Wednesday, March 6, 2024. 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 Fourth Quarter and Fiscal Year 2023 Financial Results on March 6th

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

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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

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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

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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.

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