Financial Data and Key Metrics Changes - In Q4 2024, system-wide sales increased by 1.1% to $229.3 million, while same-store sales rose by 0.8% [38] - Total revenue decreased by 4.6% to $49.7 million, impacted by softer retail product sales and the removal of a COVID-related surcharge [39] - Q4 gross margin improved by 190 basis points to 74.3%, primarily due to cost savings [40] - Adjusted EBITDA for Q4 decreased by 1.6% to $19 million, but adjusted EBITDA margin increased by 390 basis points to 38.1% [41] - Full-year adjusted net income increased by 15.2% to $25.6 million, driven by higher operating income and lower state income taxes [46] Business Line Data and Key Metrics Changes - Franchisees opened three net new centers in Q4, resulting in 2.2% net unit growth to 1,067 centers across 45 states for the full year [42] - The company expects 10 to 12 gross new centers to open in fiscal 2025, with an estimated 40 to 60 closures [18][49] Market Data and Key Metrics Changes - System-wide sales for fiscal 2025 are expected to be between $940 million and $960 million, indicating flat year-over-year growth [50] - Same-store sales are projected to be flat to positive 2% [51] Company Strategy and Development Direction - The company aims to develop a robust data-rich marketing engine, enhance service-based infrastructure, and implement a sophisticated development approach for profitable expansion [21][28] - The focus is on improving franchisee support and operational excellence to drive sustainable growth [27][29] - The company is committed to transparent communication and regular updates on progress [34] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges posed by a declining transaction volume and profitability among franchisees due to a tougher macro environment [17] - The company believes it can adapt to these challenges and has identified opportunities to reignite growth [18][20] - Management expects 2025 to be a transitional year, with a focus on solidifying the foundation for sustainable growth [49][58] Other Important Information - The company has appointed new executives, including a new CFO and Chief Commercial Officer, to strengthen its leadership team [30][31] - The company has a solid cash position with $49.7 million in cash and a fully undrawn $40 million revolver [47] Q&A Session Summary Question: Store closure guidance for 2025 and performance in California - Management is comfortable with the range of 40 to 60 closures and believes that thoughtful execution of priorities will lead to growth in 2026 [65][66] - California is experiencing more inflationary pressure, impacting franchisee profitability [71][74] Question: Four-wall economics and tax impact on SG&A - Mature units still have strong unit economics with average unit volumes over $1 million and cash-on-cash returns around 40% [80] - Adjustments to SG&A related to franchise taxes were largely offset by state taxes, resulting in a net impact of around $60,000 [85] Question: Characteristics of successful franchisees and potential for European Wax to buy stores - Successful franchisees are committed to service and detail-oriented, with a strong partnership needed for growth [92][96] - The company is open to acquiring stores in the future but is currently focused on supporting franchisees [99][100] Question: Pipeline of unopened units and consumer behavior - The pipeline remains intact with 10 to 12 new unit openings planned, and management does not see a significant shift in consumer behavior or competitive landscape [114][112] - The company is taking a top-down approach to real estate site selection to ensure successful growth [120]

Financial Results - European Wax Center, Inc. reported financial results for the fiscal year ended January 4, 2025[6]. - The company issued a press release on January 13, 2025, detailing its performance and future outlook[6]. - Specific revenue figures and growth percentages were not provided in the extracted content, but the press release is referenced for detailed financial commentary[6]. Company Classification and Compliance - The company is classified as an emerging growth company under the Securities Act of 1933[5]. - The filing is intended to satisfy the reporting obligations under the Securities Exchange Act of 1934[3]. Report Details - The report includes a cover page interactive data file embedded within the Inline XBRL document[8]. - The Chief Administrative Officer, Gavin M. O'Connor, signed the report on behalf of the company[12]. - The report does not include detailed user data or specific metrics related to new products or market expansion[6]. - Future guidance and strategic initiatives were not explicitly mentioned in the extracted content[6]. Company Information - The company is headquartered in Plano, Texas, and operates under the symbol EWCZ on The Nasdaq Stock Market LLC[5].

Issues fiscal 2025 outlook Fiscal Year 2024 versus 2023 Net new centers increased 2.2% to 1,067 total centers in 45 statesSystem-wide sales of $951.0 million decreased 0.4% and increased 1.2% on a 52-week basisTotal revenue of $216.9 million decreased 1.9% and was flat on a 52-week basisSame-store sales increased 0.2%GAAP net income of $14.7 million increased 21.9%Adjusted Net Income of $25.6 million increased 15.2%Adjusted EBITDA of $75.5 million decreased 0.7% PLANO, Texas, March 11, 2025 (GLOBE NEWSWIRE ...

Core Viewpoint - European Wax Center, Inc. has appointed Thomas Kim as the new Chief Financial Officer (CFO), effective April 7, 2025, succeeding Stacie Shirley, who will remain as a strategic advisor until April 30, 2025 [1][2][3] Executive Appointments - The company has strengthened its executive leadership team with the appointments of Katie Mullen as Chief Commercial Officer, effective March 5, 2025, and Chris Andrews as Chief Information and Digital Officer, effective March 31, 2025 [1][4][5] - Katie Mullen will lead marketing transformation and guest acquisition efforts, bringing nearly two decades of experience from roles at JCPenney and Neiman Marcus Group [4][8] - Chris Andrews will oversee digital transformation, leveraging over 20 years of experience in technology and data functions, including his previous role as Chief Information Officer at Unleashed Brands [5][9] Background of New CFO - Thomas Kim has over a decade of executive-level finance experience, previously serving as CFO at Brinks Home and Smoothie King, where he contributed to revenue growth and profitability [2][7] - He holds an MBA from Harvard Business School and a bachelor's degree from the United States Military Academy at West Point [7] Company Overview - European Wax Center, Inc. is the leading franchisor and operator of out-of-home waxing services in the United States, performing over 23 million services annually and generating $955 million in sales for fiscal 2023 [10]

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 50%. It is anticipated that revenues will amount to $52.47 million, exhibiting a decline of 6.9% compared to the year-ago quarter.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 per ...

PLANO, Texas, Feb. 26, 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 members of its management team will participate in the BofA Securities 2025 Consumer and Retail Conference in Miami, Florida on March 12, 2025. Management will participate in a fireside chat at 9:40 AM EST on March 12, 2025. A link to the webcast will be available at https://investors.waxcenter.com/. About Euro ...

Core Points - European Wax Center, Inc. plans to report its fourth quarter and fiscal year 2024 financial results on March 11, 2025, before market opens [1] - The company will host a conference call at 8:00 a.m. ET to discuss the results [1] - European Wax Center is the leading franchisor and operator of out-of-home waxing services in the U.S., with over 1,000 centers in 45 states [3] Company Overview - European Wax Center performs more than 23 million services annually, providing a professional personal care experience [3] - The company utilizes its proprietary Comfort Wax® and offers a collection of products to enhance waxing results [3] - In fiscal 2023, the company generated sales of $955 million [3]

Group 1: Company Overview - Molson Coors Brewing (TAP) is part of the Consumer Staples group, which consists of 180 companies and is currently ranked 10 in the Zacks Sector Rank [2] - TAP has a Zacks Rank of 1 (Strong Buy), indicating a favorable outlook based on earnings estimate revisions [3] Group 2: Performance Metrics - The Zacks Consensus Estimate for TAP's full-year earnings has increased by 6.1% in the past quarter, reflecting improved analyst sentiment [4] - Year-to-date, TAP has gained approximately 5.4%, outperforming the Consumer Staples sector, which has returned an average of -1.7% [4] - In the Beverages - Alcohol industry, which includes 19 stocks, TAP is performing better as this group has lost about 6.9% year-to-date [6] Group 3: Comparative Analysis - Another outperforming stock in the Consumer Staples sector is European Wax Center, Inc. (EWCZ), which has returned 2.3% year-to-date [5] - EWCZ belongs to the Cosmetics industry, currently ranked 86, which has declined by 13.1% year-to-date [6]

Core Insights - European Wax Center, Inc. (EWCZ) is currently rated 2 (Buy) by Zacks Rank, while e.l.f. Beauty (ELF) is rated 5 (Strong Sell), indicating a stronger earnings outlook for EWCZ compared to ELF [3]. Valuation Metrics - EWCZ has a forward P/E ratio of 18.19, significantly lower than ELF's forward P/E of 23.10, suggesting EWCZ may be undervalued relative to ELF [5]. - The PEG ratio for EWCZ is 1.32, while ELF's PEG ratio is considerably higher at 5.23, indicating EWCZ has a more favorable growth outlook relative to its valuation [5]. - EWCZ's P/B ratio stands at 4.08, compared to ELF's P/B ratio of 5.65, further supporting the notion that EWCZ is a better value investment [6]. Value Grades - EWCZ has a Value grade of B, while ELF has a Value grade of F, highlighting EWCZ's stronger position in terms of value metrics [6].

Company Overview - European Wax Center, Inc. is the leading franchisor and operator of out-of-home waxing services in the United States, with over 1,000 centers in 45 states [3] - The company performs more than 23 million services annually, generating sales of $955 million in fiscal 2023 [3] - Founded in 2004 and headquartered in Plano, Texas, European Wax Center is known for its innovative Comfort Wax® and proprietary products [3] Industry Insights - The demand for waxing services increases significantly around Valentine's Day, with over half of the services booked being Brazilian/Bikini focused [2] - The company emphasizes the importance of education and customer comfort during the waxing experience, showcasing a commitment to guest satisfaction [2] Marketing and Events - European Wax Center hosted an event offering complimentary waxing sessions, skincare tips, and product demonstrations, highlighting its engagement with customers [1] - The event featured Bravolebrity Ciara Miller, who shared her personal care routine and the confidence gained from waxing, reinforcing the brand's message of self-love [2]