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- ...

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) -- ...

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 ...

NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against European Wax Center, Inc. ("European Wax" or the "Company") (NASDAQ:EWCZ) on behalf of European Wax stockholders. Our investigation concerns whether European Wax has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On August 14, 2024, European Wax issued a press ...

NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of European Wax Center, Inc. ("European Wax" or "the Company") (NASDAQ: EWCZ). Investors who purchased European Wax securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EWCZ. Investigation Details On August 14, 2024, European Wax issued a press release reporting its financial r ...

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]