European Wax Center Earnings Reports

European Wax Center reported a total revenue of $49.7 million for Q4 FY24, marking an 11.7% decrease compared to the prior year. Net income stood at $3.1 million, down 13.1% year-over-year. However, Adjusted Net Income saw a strong increase of 37.0% to $8.1 million. Adjusted EBITDA remained relatively stable at $19.0 million, representing a 1.6% decline.

European Wax Center's third quarter results aligned with revised expectations. System-wide sales decreased slightly, and total revenue also saw a minor decrease. The company is focused on driving new guests and ticket growth to enhance unit economics and financial returns for franchise partners.

European Wax Center's Q2 2024 saw a mix of positive and negative trends. Total revenue and net income increased, driven by growth in system-wide sales and same-store sales. However, adjusted EBITDA decreased, and the company updated its full-year financial guidance, including a revised outlook for new center openings due to macroeconomic pressures affecting consumer spending and new guest acquisition.

European Wax Center reported a strong first quarter in 2024, marked by revenue growth of 11.7% to $56.4 million. The company expanded its network, adding 23 new centers, and demonstrated robust system-wide sales growth. EWC reaffirmed its full-year outlook, projecting continued growth and expansion.

European Wax Center reported a 5.2% increase in total revenue to $56.3 million and a 59.1% increase in net income to $3.6 million for the fourth quarter of fiscal year 2023. The company ended the year with 1,044 centers, representing a 10.6% increase year-over-year.

European Wax Center reported a 1.2% increase in total revenue to $55.7 million and a 2.4% increase in system-wide sales to $240.7 million. Net income decreased by 20.7% to $4.2 million, while Adjusted EBITDA increased by 3.4% to $19.3 million. The company updated its fiscal 2023 outlook to reflect lower-than-expected transactions.

European Wax Center, Inc. reported a 10.7% increase in total revenue to $59.1 million, a 10.0% increase in system-wide sales to $254.2 million, and a 175.4% increase in GAAP net income to $5.6 million compared to the prior year period. The company also achieved a milestone 1000th center opening and reiterated its fiscal year 2023 outlook.

European Wax Center reported a solid first quarter with a 9.8% increase in total revenue to $49.9 million and system-wide sales growth of 5.5%. The company opened 34 net new centers, representing a 12% year-over-year growth. Despite the revenue increase, the company reported a GAAP net loss of $1.1 million, but adjusted EBITDA increased by 7.5% to $16.3 million.

European Wax Center, Inc. reported record fourth quarter and fiscal year 2022 results. The company's total revenue increased by 18.7% compared to the prior year period. System-wide sales grew by 11.6% driven by increased guest spending and net new centers. The company issued a fiscal 2023 outlook, including 10% unit growth.

European Wax Center, Inc. reported a 7.3% increase in system-wide sales, reaching $235.2 million, and a 12.3% increase in total revenue to $55.0 million for the third quarter of fiscal 2022. The company's net income was $5.3 million, and Adjusted EBITDA reached $18.6 million, a 12.6% increase from the prior year period. They also raised full year expectations for new center openings and announced a $40 million share repurchase program.

European Wax Center reported an 11.4% increase in total revenue to $53.4 million and a net income of $2.0 million for the second quarter of fiscal year 2022. The company opened 19 net new centers during the quarter and is raising its outlook for fiscal 2022 net new center openings to 83 to 85.

European Wax Center reported strong first quarter fiscal 2022 results, with system-wide sales increasing by 31.9% and total revenue increasing by 23.9%. The company opened 21 net new centers and raised its fiscal 2022 outlook for revenue and profit. They also completed debt refinancing with proceeds funding $3.30 per share special dividend.

European Wax Center reported a strong fourth quarter and fiscal year 2021, with total revenue and profit exceeding full-year guidance. The company's success is attributed to its business model, recurring services, and network agility. The company intends to optimize its capital structure and expects another year of strong growth.

European Wax Center reported strong third-quarter results with significant growth in revenue, same-store sales, and operating profit compared to fiscal years 2020 and 2019. System-wide sales increased by 21% compared to 2019, driven by new center openings, same-store sales growth, and Wax Pass purchases. The company also raised its fiscal 2021 outlook for net new center openings, system-wide sales, total revenue, Adjusted net income and Adjusted EBITDA.

European Wax Center reported strong second quarter results with significant sales and profit growth relative to pre-pandemic performance. System-wide sales increased by 443% compared to the second quarter of fiscal 2020 and 15% compared to the second quarter of fiscal 2019. Total revenue increased by 343% from the second quarter of fiscal 2020 and 11% from the second quarter of fiscal 2019.