Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Aug. 15, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises European Wax Center, Inc. ("European Wax Center") (NASDAQ: EWCZ) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. European Wax Center investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to co ...

SAN DIEGO, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether European Wax Center, Inc. (NASDAQ: EWCZ) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws. What if I purchased European Wax securities? If you purchased securities and suf ...

Core Insights - European Wax Center, Inc. (EWCZ) reported revenue of $59.87 million for the quarter ended June 2024, reflecting a year-over-year increase of 1.3% but a revenue surprise of -2.29% compared to the Zacks Consensus Estimate of $61.27 million [1] - Earnings per share (EPS) for the quarter was $0.15, significantly higher than the $0.08 EPS from the same quarter last year, resulting in an EPS surprise of +87.50% [1] Revenue Performance - Same-store sales increased by 1.6%, which was below the average estimate of 2.5% from five analysts [3] - Total center count at the end of the quarter was 1,059, slightly below the average estimate of 1,063 from three analysts [4] - The company opened 8 new centers, which was lower than the average estimate of 12 based on two analysts [5] Revenue Breakdown - Revenue from marketing fees was $8.14 million, exceeding the average estimate of $8.10 million, with a year-over-year increase of +2.9% [6] - Revenue from royalty fees was $14.47 million, below the estimated $14.96 million, but still showing a +2.3% change year-over-year [7] - Revenue from product sales was $33.92 million, also below the average estimate of $34.96 million, with a +0.6% year-over-year change [8] - Other revenue amounted to $3.34 million, slightly above the average estimate of $3.32 million, representing a +1.2% year-over-year change [9] Stock Performance - Shares of European Wax Center have declined by -30% over the past month, contrasting with the Zacks S&P 500 composite's decline of -3.2% [9] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [9]

European Wax Center, Inc. (EWCZ) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 87.50%. A quarter ago, it was expected that this company would post earnings of $0.06 per share when it actually produced earnings of $0.13, delivering a surprise of 116.67%. Over the last four quarters, ...

European Wax Center has a new CEO -- and a new problem with growth. The U.S. macroeconomics story of consumers cutting back on discretionary purchases continues. Shares of European Wax Center (EWCZ -27.99%) got destroyed this afternoon -- down 26.6% through 12:30 p.m. ET -- after the company apparently beat on earnings but missed on sales. Analysts forecast the body-hair removal franchisor would earn $0.08 per share on $61.3 million in sales in the second quarter, or about $3.9 million. Actual earnings were ...

Group 1 - Analysts project European Wax Center, Inc. (EWCZ) will announce quarterly earnings of $0.08 per share, with revenues expected to reach $61.27 million, reflecting a 3.7% increase year over year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' assessments [1][2] - The correlation between earnings estimate revisions and short-term stock price performance is emphasized as a significant indicator for investor actions [2] Group 2 - Revenue from marketing fees is estimated at $8.10 million, indicating a 2.3% increase from the prior-year quarter [4] - Revenue from royalty fees is projected to reach $14.96 million, suggesting a 5.8% year-over-year change [4] - Revenue from product sales is expected to be $34.96 million, reflecting a 3.7% increase year over year [4] Group 3 - Other revenue is forecasted to reach $3.32 million, indicating a 0.6% increase from the prior-year quarter [5] - The ending center count is expected to reach 1,063, up from 1,003 a year ago [5] - New center openings are projected to be 12, a decrease from 25 reported in the same quarter of the previous year [5] Group 4 - EWCZ shares have decreased by 21.8% in the past month, contrasting with the S&P 500 composite's decline of 4.5% [5] - EWCZ holds a Zacks Rank 4 (Sell), indicating expectations of underperformance relative to the overall market in the near term [5]

Core Viewpoint - The options market indicates significant implied volatility for European Wax Center, suggesting potential trading opportunities and expectations of substantial stock movement in the near future [2][3][5]. Company Analysis - European Wax Center, Inc. (EWCZ) has seen notable activity in the options market, particularly with the Sept 20, 2024 $5.00 Put option exhibiting some of the highest implied volatility among equity options [3]. - The company currently holds a Zacks Rank of 3 (Hold) within the Cosmetics industry, which is positioned in the top 38% of the Zacks Industry Rank [6]. - Over the past 60 days, there has been no increase in earnings estimates from analysts for the current quarter, with one analyst reducing their estimate, leading to a decrease in the Zacks Consensus Estimate from nine cents per share to eight cents per share [6].

Building on the disclosures established with European Wax Center's inaugural 2022 ESG Report, the 2023 ESG Report is aligned with International Financial Reporting Standards (IFRS) Foundation's SASB standards for the Professional & Commercial Services industry and highlights initiatives, performance and progress across key ESG areas for the Company during fiscal year 2023. The 2023 ESG Report covers European Wax Center's performance and related metrics on priority ESG topics. Key highlights include: For mor ...

PLANO, Texas, June 18, 2024 /PRNewswire/ -- European Wax Center, Inc. (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 in two of Entrepreneur's most coveted lists for franchises—the 2024 Top Franchises For MultiUnit Owners and Best of the Best Franchises. "Our 20th Anniversary has come with many awards and milestones. We are honored to be recognized for a second year in a row by Entrepreneur, the premier so ...

European Wax Center's EWC TREAT® Get Smooth Skin Clearing Body Polish retails for $18.00 and is available for purchase at all European Wax Center locations as well as through waxcenter.com and Amazon. About European Wax Center Part of EWC's award-winning EWC TREAT® line, the Get Smooth Skin Clearing Body Polish helps keep skin soft and smooth with pH balanced ingredients that also refine pores and skin texture. Formulated for acne and ingrown hair-prone skin, Polyhydroxy Acid (PHA) and Glycolic and Lactic A ...