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.

European Wax Center, Inc. (EWCZ) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.08 per share a year ago.

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

European Wax Center reported better-than-expected earnings but weaker-than-expected sales this morning. New store openings are being cut back significantly.

Why European Wax Center Stock Just Crashed 26%

European Wax Center, Inc. (NASDAQ:EWCZ ) Q2 2024 Results Conference Call August 14, 2024 8:00 AM ET Company Participants Bethany Johns - Director of Investor Relations David Berg - CEO Stacie Shirley - Chief Financial Officer Conference Call Participants Randal Konik - Jefferies Josh Young - Truist Dana Telsey - Telsey Advisory Group Lorraine Hutchinson - Bank of America Korinne Wolfmeyer - Piper Sandler Simeon Gutman - Morgan Stanley Jonathan Komp - Baird Kelly Crago - Citi John Heinbockel - Guggenheim Partners Operator Good morning, ladies and gentlemen. Thank you for standing by.

European Wax Center, Inc. (EWCZ) Q2 2024 Earnings Call Transcript

Updates fiscal 2024 outlook including expected net new center openings Updates fiscal 2024 outlook including expected net new center openings

European Wax Center, Inc. Reports Second Quarter Fiscal Year 2024 Results

Industry veteran David Berg has served as Executive Chairman of European Wax Center since 2023 and previously served as Chief Executive Officer from 2018 to 2023 Industry veteran David Berg has served as Executive Chairman of European Wax Center since 2023 and previously served as Chief Executive Officer from 2018 to 2023

European Wax Center Board of Directors Appoints David Berg as Chief Executive Officer

Beyond analysts' top -and-bottom-line estimates for European Wax Center (EWCZ), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.

European Wax Center (EWCZ) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates

PLANO, Texas, Aug. 01, 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 second quarter fiscal year 2024 financial results before the market opens on Wednesday, August 14, 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 Second Quarter Fiscal Year 2024 Financial Results on August 14th

The Experts in Eyebrows Offer FDA-Compliant Formula for Eyebrow Tint PLANO, Texas , Aug. 1, 2024 /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 excited to introduce Eyebrow Tint to its service portfolio beginning August 1, 2024. Known as the "Experts in Eyebrows", the company has been providing its popular brow services and products across 45 states.

European Wax Center Debuts Highly Anticipated Brow Tint Service

Investors need to pay close attention to European Wax Center (EWCZ) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in European Wax Center (EWCZ) Stock?

PLANO, Texas, June 20, 2024 (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 released its second annual Environmental, Social and Governance (“ESG”) Report, reinforcing the Company's commitment to fostering a more confident, inclusive and sustainable community.

European Wax Center, Inc. Publishes 2023 Environmental, Social and Governance Report

PLANO, Texas , June 18, 2024 /PRNewswire/ -- European Wax Cen ter, 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 2024 Top Franchises For Multi-Unit Owners and Best of the Best Franchises. European Wax Center landed the #1 spot in the 2024 Best of the Best feature for the second consecutive year and will be the only franchisor highlighted in its industry.

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

PLANO, Texas , June 5, 2024 /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 its 2024 SELF Healthy Beauty Award win. The brand's EWC TREAT® Get Smooth Skin Clearing Body Polish won under the "Best Body Scrub" category.

European Wax Center's EWC TREAT® Get Smooth Skin Clearing Body Polish WINS 2024 SELF Healthy Beauty Award

PLANO, Texas , May 28, 2024 /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 its 2024 Men's Health Grooming Award win. European Wax Center was recognized by Men's Health editors for the second consecutive year, with EWC TREAT® Brightening Ingrown Hair Wipes selected as a winner in the "Best Ingrown Treatment" category for 2024.

European Wax Center's TREAT® Brightening Ingrown Hair Wipes WINS 2024 Men's Health Grooming Awards

PLANO, Texas, May 22, 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 members of its management team will participate in the Baird 2024 Global Consumer, Technology & Services Conference at the InterContinental New York Barclay hotel in New York City on June 5, 2024.

European Wax Center, Inc. Announces Participation in the Baird 2024 Global Consumer, Technology & Services Conference

Coty

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Helen of Troy

The Zacks Cosmetics industry is grappling with rising costs and supply chain disruptions. Estee Lauder Companies (EL), COTY, Helen of Troy (HELE) and European Wax Center (EWCZ) are capitalizing on digital advancements and innovative strategies.

4 Cosmetics Stocks Worth Watching Despite Industry Headwinds

European Wax Center, Inc. (NASDAQ:EWCZ ) Q1 2024 Earnings Conference Call May 15, 2024 8:00 AM ET Company Participants Bethany Johns - Director of Investor Relations David Willis - Chief Executive Officer and Director Stacie Shirley - Chief Financial Officer Andrea Wasserman - Chief Commercial Officer Conference Call Participants Randal Konik - Jefferies Scot Ciccarelli - Truist Dana Telsey - Telsey Advisory Group Lorraine Hutchinson - Bank of America Korinne Wolfmeyer - Piper Sandler Simeon Gutman - Morgan Stanley Jonathan Komp - Baird John Heinbockel - Guggenheim Partners Kelly Crago - Citi Operator Good morning, ladies and gentlemen and thank you for standing by. Welcome to European Wax Center's First Quarter Fiscal 2024 Earnings Call.

European Wax Center, Inc. (EWCZ) Q1 2024 Earnings Call Transcript

PLANO, Texas , May 15, 2024 /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 its 2024 Cosmopolitan Holy Grail Beauty Award win. Cosmopolitan editors and experts have recognized the EWC TREAT® Brightening Ingrown Hair Wipes as the winner of the "Best Treatment for Ingrowns" category which will be featured in Cosmopolitan's May print issue, on stands May 6, 2024, as well as online on Cosmopolitan.com.

European Wax Center EWC TREAT® Brightening Ingrown Hair Wipes WINS 2024 Cosmopolitan Holy Grail Beauty Award

Reiterates fiscal 2024 outlook  Announces $50 million share repurchase program First Quarter Fiscal 2024 versus 2023 Net new centers increased 7.5% to 1,051 total centers in 45 states System-wide sales of $221.4 million increased 1.3% Total revenue of $51.9 million increased 4.0% Same-store sales decreased 1.2% GAAP net income of $3.7 million and Adjusted net income of $4.8 million Adjusted EBITDA of $17.5 million increased 7.4% PLANO, Texas, May 15, 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 13 weeks ended April 6, 2024. David Willis, Chief Executive Officer of European Wax Center, Inc. stated, “We began 2024 with stable frequency and spend among our existing guests which led to positive system-wide sales and revenue growth in the first quarter and underpins our predictable, recurring business model.

European Wax Center, Inc. Reports First Quarter Fiscal Year 2024 Results

European Wax Center (EWCZ) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why European Wax Center (EWCZ) Might Surprise This Earnings Season

Beyond analysts' top -and-bottom-line estimates for European Wax Center (EWCZ), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

European Wax Center (EWCZ) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates

European Wax Center (EWCZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

European Wax Center, Inc. (EWCZ) Earnings Expected to Grow: Should You Buy?

PLANO, Texas, May 01, 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 first quarter fiscal year 2024 financial results before the market opens on Wednesday, May 15, 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 First Quarter Fiscal Year 2024 Financial Results on May 15th

PLANO, Texas , April 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, is proud to be Certified™ by Great Place To Work® for the second year in a row. The prestigious award is based on the sentiment of current associates and their experience working at European Wax Center.

European Wax Center Earns 2024 Great Place to Work Certification™ For A Consecutive Year

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.

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