Core Viewpoint - European Wax Center, Inc. anticipates solid fiscal 2024 results with 23 net new center openings, exceeding previous expectations of 17 to 22 [3][4]. Fiscal 2024 Performance and Outlook - The company expects system-wide sales to be between $947 million and $950 million, an increase from the previous outlook of $930 million to $950 million [4]. - Same-store sales are projected to range from 0.0% to 0.2%, a significant improvement from the previous forecast of (1.5)% to 0.5% [4]. - Total revenue is estimated to be between $216 million and $221 million [6]. - Adjusted net income is expected to be between $19 million and $22 million [6]. - Adjusted EBITDA is projected to be between $70 million and $74 million, which includes up to $4 million of costs related to the company's investment in laser hair removal [6][9]. Share Repurchase Program - The company repurchased approximately 1.6 million shares for $10 million during the fourth quarter, with a cumulative repurchase of $40.1 million out of the $50 million authorized under its current share repurchase program [6]. Leadership and Strategic Focus - Chris Morris, the new CEO, expresses confidence in leveraging the company's business model for sustained growth and long-term value for stakeholders [3]. - The management remains focused on action plans to attract new guests and increase ticket sales [3]. Company Overview - European Wax Center, Inc. is the leading franchisor and operator of out-of-home waxing services in the U.S., with over 1,000 centers across 45 states [10]. - The company performed more than 23 million services annually and generated sales of $955 million in fiscal 2023 [10]. - The company emphasizes its innovative Comfort Wax® and proprietary products to enhance the waxing experience [10].

Core Viewpoint - European Wax Center, Inc. has appointed Chris Morris as the new CEO and Chairman of the Board, effective January 8, 2025, succeeding David Berg, who will remain on the Board [1][3] Leadership Transition - Chris Morris brings over 25 years of experience in consumer brand operations, including his recent role as CEO of Dave & Buster's, where he opened 30 new locations and established an international expansion pipeline [2][5] - David Berg, the outgoing CEO, has been credited with positioning the company for long-term success during a critical transitional period [3] Company Outlook - The company reaffirms its fiscal 2024 outlook as previously provided on November 14, 2024 [4] - European Wax Center operates over 1,000 locations across 45 states, performing more than 23 million services annually and generating sales of $955 million in fiscal 2023 [6][7]

PLANO, Texas, Nov. 19, 2024 /PRNewswire/ -- European Wax Center, Inc. (NASDAQ: EWCZ), the leading franchisor and operator of out-of-home waxing services in the United States, is excited to announce its 2024 Shape Beauty Award Win. Chosen by SHAPE's dedicated team of testers and beauty professionals, European Wax Center has been named Best Nationwide Waxing Studio.The accolade comes as part of an extended version of SHAPE's coveted beauty awards, which are widely viewed as an essential resource for wellness- ...

European Wax Center, Inc. (NASDAQ:EWCZ) Q3 2024 Earnings Conference Call November 14, 2024 8:00 AM ET Company Participants Bethany Johns – Director-Investor Relations David Berg – Executive Chairman and Chief Executive Officer Stacie Shirley – Chief Financial Officer Conference Call Participants Randy Konik – Jefferies Dana Telsey – Telsey Advisory Group Jonathan Komp – Baird Korinne Wolfmeyer – Piper Sandler Lauren Ng – Morgan Stanley John Heinbockel – Guggenheim Melanie Nunez – Bank of America Operator Go ...

EXHIBIT 99.1 European Wax Center, Inc. Reports Third Quarter Fiscal Year 2024 Results Reiterates fiscal 2024 financial outlook Updates fiscal 2024 outlook for net new centers Third Quarter Fiscal 2024 versus 2023 • Net new centers increased 3.7% to 1,064 total centers in 45 states • System-wide sales of $240.2 million decreased 0.2% • Total revenue of $55.4 million decreased 0.5% • Same-store sales decreased 0.5% • GAAP net income of $2.0 million decreased 50.7% • Adjusted net income of $5.5 million decreas ...

Reiterates fiscal 2024 financial outlook Updates fiscal 2024 outlook for net new centers Third Quarter Fiscal 2024 versus 2023 Net new centers increased 3.7% to 1,064 total centers in 45 statesSystem-wide sales of $240.2 million decreased 0.2%Total revenue of $55.4 million decreased 0.5%Same-store sales decreased 0.5%GAAP net income of $2.0 million decreased 50.7%Adjusted net income of $5.5 million decreased 8.2%Adjusted EBITDA of $18.4 million decreased 4.4% PLANO, Texas, Nov. 14, 2024 (GLOBE NEWSWIRE) -- ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider European Wax Center, Inc. (EWCZ) . This company, which is in the Zacks Cosmetics industry, shows potential for another earnings beat. This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 102.08%. For the last r ...

The upcoming report from European Wax Center, Inc. (EWCZ) is expected to reveal quarterly earnings of $0.06 per share, indicating a decline of 33.3% compared to the year-ago period. Analysts forecast revenues of $54.65 million, representing a decrease of 1.9% year over year. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Before a company rev ...

PLANO, Texas, Nov. 05, 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 third quarter fiscal year 2024 financial results before the market opens on Thursday, November 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. To access the conference call dial-in in ...

PLANO, Texas, Aug. 27, 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 2024 Piper Sandler Growth Frontiers Conference at the Virgin Hotel in Nashville, Tennessee on September 10, 2024. Management will participate in a fireside chat at 9:00 AM EST on September 10, 2024. A link to the webcast will be availabl ...