Investors are always looking for stocks that are poised to beat at earnings season and European Wax Center, Inc. (EWCZ) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because European Wax Center is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — ...

The upcoming report from European Wax Center, Inc. (EWCZ) is expected to reveal quarterly earnings of $0.06 per share, indicating an increase of 50% compared to the year-ago period. Analysts forecast revenues of $51.88 million, representing an increase of 4% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings discl ...

Wall Street expects a year-over-year increase in earnings on higher revenues when European Wax Center, Inc. (EWCZ) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 15, 2024, might help the stock move higher if these key numbers are bette ...

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. To access the conference call dial-in informat ...

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. Great Place to Work is the global authority on workplace culture, employee experience, and the leadership behaviors pro ...

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. Entrepreneur's Fastest Growing Franchises is one of Entrepreneur's most popular rankings with franchise buyers eagerly anticipating the unveiling ...

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. The E ...

For the quarter ended December 2023, European Wax Center, Inc. (EWCZ) reported revenue of $56.33 million, up 5.2% over the same period last year. EPS came in at $0.10, compared to $1.21 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $53.98 million, representing a surprise of +4.34%. The company delivered an EPS surprise of +25.00%, with the consensus EPS estimate being $0.08.While investors closely watch year-over-year changes in headline numbers -- revenue and earn ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.09, delivering no surprise.Over the last four quarters, the company ha ...

Financial Data and Key Metrics Changes - In fiscal 2023, the company achieved system-wide sales of $955 million, a 6.3% increase, and total revenue of $221 million, up 6.6% from the previous year [93][99] - Adjusted EBITDA for the year was $76 million, reflecting a 6.1% increase compared to $71.6 million in fiscal 2022 [93][136] - GAAP net income rose 59.1% to $3.6 million, while adjusted net income decreased from $48.7 million in Q4 2022 to $6 million in Q4 2023 [39][136] Business Line Data and Key Metrics Changes - The company opened 100 net new centers in 2023, achieving over 10% unit growth for the second consecutive year [5][99] - Same-store sales increased by 2.9% for the full year, driven by new center openings and increased guest spending [93][99] - Fourth quarter same-store sales rose by 1.3%, indicating stable performance in existing locations [104] Market Data and Key Metrics Changes - The company plans to open 75 to 80 net new centers in 2024, primarily from existing franchisees, maintaining a high-single digit growth algorithm [40][100] - The company expects system-wide sales for 2024 to be between $1 billion and $1.25 billion, representing a growth rate of approximately 6.5% to 9% [94] Company Strategy and Development Direction - The company is focused on driving visits from both new and existing guests while refining its new center opening best practices to enhance unit economics [35][90] - A new media agency has been engaged to streamline marketing efforts aimed at increasing in-center reservations and guest acquisition [7][133] - The company is piloting laser hair removal services, viewing it as an additive opportunity to attract new guests and increase revenue from existing customers [38][103] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the core business, noting that core guests remained committed to their personal care routines despite macroeconomic challenges [99][101] - The company anticipates a modest gross margin expansion and expects to see adjusted EBITDA margin expansion of approximately 130 basis points for the core waxing business in 2024 [106] - Management highlighted the importance of adapting to market conditions and franchisee needs while maintaining a focus on profitability and growth [141][148] Other Important Information - The company ended fiscal 2023 with $52.7 million in cash and $394 million outstanding under senior secured notes, with a net leverage of 4.4x adjusted EBITDA [10][106] - The company has implemented a new data-driven pre-opening playbook to enhance the success of new center openings [90][131] Q&A Session Summary Question: Insights on brow tinting and laser testing - Management noted that brow tinting is being tested to increase revenue per visit and attract new guests, with positive initial results [44] Question: Expectations for EBITDA and margin expansion - Management indicated that excluding laser investments, they expect approximately 130 basis points of margin expansion beyond 2024 [24][106] Question: Market pricing strategies - Management stated that pricing adjustments will be monitored, with potential recommendations based on market conditions and franchisee feedback [27][122] Question: Trends in guest cohorts and sales guidance - Management confirmed that core guests remain strong, and they are focused on driving new guest acquisition and increasing frequency among existing guests [50][83] Question: Staffing and hiring trends - Management reported that staffing levels are adequate, with a focus on retaining experienced wax specialists to support growth [116][146]