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]

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 ...

Core Viewpoint - European Wax Center, Inc. (EWCZ) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on upward trends in earnings estimates [1][4]. Earnings Estimates and Ratings - The Zacks rating system is primarily driven by changes in a company's earnings picture, with the Zacks Consensus Estimate tracking EPS estimates from sell-side analysts [2][3]. - The recent upgrade reflects an improvement in European Wax Center's earnings outlook, which could lead to increased buying pressure and a rise in stock price [4][6]. Impact of Earnings Estimate Revisions - Changes in future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements, influenced by institutional investors [5]. - Rising earnings estimates for European Wax Center suggest an improvement in the company's underlying business, which should be positively reflected in its stock price [6]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - The upgrade of European Wax Center to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [11]. Recent Earnings Estimate Changes - For the fiscal year ending December 2025, European Wax Center is expected to earn $0.39 per share, reflecting a -13.3% change from the previous year [9]. - Over the past three months, the Zacks Consensus Estimate for the company has increased by 0.9%, indicating positive sentiment among analysts [9].

Financial Data and Key Metrics Changes - In Q4, 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, with an adjusted EBITDA margin increasing 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 [49] Market Data and Key Metrics Changes - System-wide sales for fiscal 2025 are expected to be between $940 million and $960 million, representing flat year-over-year growth at the midpoint [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, cultivate a more effective service-based infrastructure, and implement a sophisticated development approach [21][28] - The focus is on thoughtful and profitable expansion, with an emphasis on franchisee success and operational excellence [27][29] - The company is committed to providing regular updates on progress and strategy [34] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges posed by a declining transaction volume and profitability among franchisees, attributing it to a tougher macro environment [17] - The company views 2025 as a transitional year to solidify the foundation for sustainable growth, with expectations to reignite unit growth by the end of 2026 [33][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 executing on 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 have strong unit economics with average unit volumes over $1 million and cash-on-cash returns around 40% [80] - An adjustment to SG&A related to franchise taxes was largely offset by state taxes, resulting in a net impact of around $60,000 [85] Question: Successful franchisee characteristics and potential for European Wax to buy stores - Successful franchisees are committed to service and detail-oriented, with a strong partnership with the franchisor needed for success [92][96] - The company is open to buying stores in the future but is currently focused on other priorities [99] Question: Pipeline of unopened units and consumer behavior - The pipeline remains unchanged with 10 to 12 new unit openings expected, and management does not see a significant shift in consumer behavior or competitive landscape [114][113] Question: Promotional strategy and pricing - The company is improving its marketing approach and data pipeline to evaluate promotional effectiveness, with a focus on smarter pricing strategies [128][129] Question: Core guest behavior and cost savings - Core guests remain stable in spending and frequency, with opportunities to re-engage lapsed guests [135] - Cost savings have been achieved through negotiations on product costs, with expectations for modest gross margin improvement in 2025 [134]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 4, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-40714 EUROPEAN WAX CENTER, INC. (Exact name of Registrant as specified in its Charter) Delaware 86-3150064 (State or other jurisdiction ...

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 ...