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European Wax Center(EWCZ) - 2025 Q1 - Earnings Call Transcript
2025-05-14 13:00
European Wax Center (EWCZ) Q1 2025 Earnings Call May 14, 2025 08:00 AM ET Speaker0 Good morning, ladies and gentlemen, and thank you for standing by. Welcome to European Wax Center's First Quarter Fiscal twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. In order to facilitate as many participants as possible, we ask that you please limit yourself to one question and one follow-up during t ...
European Wax Center, Inc. (EWCZ) Surpasses Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-14 12:15
European Wax Center, Inc. (EWCZ) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 340%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.16, delivering a surprise of 220%.Over the last four quarters, the co ...
European Wax Center(EWCZ) - 2025 Q1 - Quarterly Results
2025-05-14 10:30
Exhibit 99.1 European Wax Center, Inc. Reports First Quarter Fiscal Year 2025 Results Reiterates fiscal 2025 outlook First Quarter Fiscal 2025 versus 2024 Plano, TX, May 14, 2025- Today, European Wax Center, Inc. (NASDAQ: EWCZ), the leading franchisor and operator of out-of-home waxing services in the United States, reports financial results for the 13 weeks ended April 5, 2025 as compared to the 13 weeks ended April 6, 2024. Chris Morris, Chairman and CEO of European Wax Center, Inc. stated, "During the fi ...
European Wax Center, Inc. Reports First Quarter Fiscal Year 2025 Results
GlobeNewswire News Room· 2025-05-14 10:00
Core Insights - European Wax Center, Inc. reported solid financial performance in Q1 2025, with a focus on strategic priorities and franchisee support [3][6] - The company reiterated its full-year financial outlook, indicating confidence in achieving growth despite macroeconomic challenges [3][8] Financial Performance - System-wide sales reached $225.9 million, a 2.1% increase from $221.4 million in the prior year [6][7] - Total revenue decreased by 0.9% to $51.4 million from $51.9 million year-over-year [6][7] - Same-store sales increased by 0.7% [6][7] - GAAP net income was $2.6 million, down 29.7% from $3.7 million [6][7] - Adjusted net income increased by 10.3% to $9.5 million from $8.6 million [6][7] - Adjusted EBITDA rose by 7.2% to $18.8 million from $17.5 million [6][7] Balance Sheet and Cash Flow - The company ended the quarter with $58.3 million in cash and cash equivalents and $6.5 million in restricted cash [5][6] - Net cash provided by operating activities totaled $12.7 million during the quarter [5][6] - Total borrowings under senior secured notes amounted to $389.0 million, with no outstanding borrowings under the revolving credit facility [5][6] Outlook - The company expects system-wide sales for fiscal 2025 to be between $940 million and $960 million [8] - Total revenue is projected to be between $210 million and $214 million [8] - Same-store sales are anticipated to range from 0.0% to 2.0% [8] - The adjusted net income outlook is set at $31 million to $33 million [8] - Franchisees are estimated to open 10 to 12 new centers while closing 40 to 60 centers, leading to a net center closure of 28 to 50 for fiscal 2025 [9]
Exploring Analyst Estimates for European Wax Center (EWCZ) Q1 Earnings, Beyond Revenue and EPS
ZACKS· 2025-05-09 14:20
Wall Street analysts forecast that European Wax Center, Inc. (EWCZ) will report quarterly earnings of $0.05 per share in its upcoming release, pointing to a year-over-year decline of 61.5%. It is anticipated that revenues will amount to $49.4 million, exhibiting a decline of 4.8% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this ti ...
European Wax Center, Inc. to Report First Quarter Fiscal Year 2025 Financial Results on May 14th
Globenewswire· 2025-04-30 20:30
PLANO, Texas, April 30, 2025 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (NASDAQ: EWCZ), the leading franchisor and operator of out-of-home waxing services in the United States, today announced that it plans to report first quarter fiscal 2025 financial results before the market opens on Wednesday, May 14, 2025. 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 information, analysts should c ...
European Wax Center Unveils Innovative Face & Body Bi-Phase Moisturizer
Prnewswire· 2025-04-01 12:00
"We are thrilled to enhance our EWC SLOW® line with the launch of the Face & Body Bi-Phase Moisturizer," said Chris Morris, Chief Executive Officer of European Wax Center. "This unique formula is clinically tested and demonstrated to help nourish the skin and provide all-day moisturization, which, in turn, delivers a smoother, more comfortable waxing experience for our guests. Our dedication to skincare innovation is one of the many reasons guests trust EWC to reveal their most beautiful skin, and the bi-ph ...
European Wax Center Named One of America's Most Trusted Brands in 2025
Prnewswire· 2025-03-27 12:00
USA Today and Plant-A Insights Group name waxing industry leader as one of the most trusted brands in the United States PLANO, Texas, March 27, 2025 /PRNewswire/ -- European Wax Center, Inc. (NASDAQ: EWCZ), the leading franchisor and operator of out-of-home waxing services in the United States, has been named one of America's Most Trusted Brands in 2025 by USA Today.In partnership with Plant-A Insights Group, America's Most Trusted Brands 2025 recognizes brands in the United States that consumers trust most ...
European Wax Center's EWC TREAT® Brightening Ingrown Hair Wipes Wins 2025 NewBeauty Award
Prnewswire· 2025-03-25 14:01
Group 1 - European Wax Center, Inc. has won the NewBeauty Award for its EWC TREAT® Brightening Ingrown Hair Wipes, recognized as the "Best Ingrown Hair Treatment" in the 2025 NewBeauty Awards [1][3] - The EWC TREAT® Brightening Ingrown Hair Wipes feature an enhanced formula that includes vitamin C, azelaic, kojic, and lactic acids, aimed at improving skin tone and preventing ingrown hairs [2][4] - The company operates over 1,000 centers across 45 states, performing more than 23 million services annually, and generated sales of $951 million in fiscal 2024 [5] Group 2 - The NewBeauty Awards program has expanded significantly since its inception in 2010, growing from 75 winners to 395 in the current year, highlighting the rigorous testing and selection process by NewBeauty editors [3][6] - The EWC TREAT® Brightening Ingrown Hair Wipes are priced at $34.50 and are available at all European Wax Center locations and online [4]
European Wax Center, Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Globenewswire· 2025-03-21 21:17
PLANO, Texas, March 21, 2025 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (NASDAQ: EWCZ) (the “Company” or “European Wax Center”), the leading franchisor and operator of out-of-home waxing services in the United States, announced that on March 21, 2025, and in connection with the previously announced appointment of Katie Mullen as the Company’s Chief Commercial Officer, the Company’s Board of Directors approved grants of (i) restricted stock units (“RSUs”) covering 160,000 shares of the Company’s Class A c ...