European Wax Center wins coveted beauty award in the subcategory, "Best Ingrown Hair Treatment" PLANO, Texas, April 3, 2024 /PRNewswire/ -- European Wax Center (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, is proud to announce its NewBeauty Award win. The brand's most recent product innovation, EWC TREAT® Ingrown Hair Mist, hit the market in 2023 and has been named "Best Ingrown Hair Treatment" in the 2024 NewBeauty Awards. The E ...

For the quarter ended December 2023, European Wax Center, Inc. (EWCZ) reported revenue of $56.33 million, up 5.2% over the same period last year. EPS came in at $0.10, compared to $1.21 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $53.98 million, representing a surprise of +4.34%. The company delivered an EPS surprise of +25.00%, with the consensus EPS estimate being $0.08.While investors closely watch year-over-year changes in headline numbers -- revenue and earn ...

European Wax Center, Inc. (EWCZ) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.09, delivering no surprise.Over the last four quarters, the company ha ...

Financial Data and Key Metrics Changes - In fiscal 2023, the company achieved system-wide sales of $955 million, a 6.3% increase, and total revenue of $221 million, up 6.6% from the previous year [93][99] - Adjusted EBITDA for the year was $76 million, reflecting a 6.1% increase compared to $71.6 million in fiscal 2022 [93][136] - GAAP net income rose 59.1% to $3.6 million, while adjusted net income decreased from $48.7 million in Q4 2022 to $6 million in Q4 2023 [39][136] Business Line Data and Key Metrics Changes - The company opened 100 net new centers in 2023, achieving over 10% unit growth for the second consecutive year [5][99] - Same-store sales increased by 2.9% for the full year, driven by new center openings and increased guest spending [93][99] - Fourth quarter same-store sales rose by 1.3%, indicating stable performance in existing locations [104] Market Data and Key Metrics Changes - The company plans to open 75 to 80 net new centers in 2024, primarily from existing franchisees, maintaining a high-single digit growth algorithm [40][100] - The company expects system-wide sales for 2024 to be between $1 billion and $1.25 billion, representing a growth rate of approximately 6.5% to 9% [94] Company Strategy and Development Direction - The company is focused on driving visits from both new and existing guests while refining its new center opening best practices to enhance unit economics [35][90] - A new media agency has been engaged to streamline marketing efforts aimed at increasing in-center reservations and guest acquisition [7][133] - The company is piloting laser hair removal services, viewing it as an additive opportunity to attract new guests and increase revenue from existing customers [38][103] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the core business, noting that core guests remained committed to their personal care routines despite macroeconomic challenges [99][101] - The company anticipates a modest gross margin expansion and expects to see adjusted EBITDA margin expansion of approximately 130 basis points for the core waxing business in 2024 [106] - Management highlighted the importance of adapting to market conditions and franchisee needs while maintaining a focus on profitability and growth [141][148] Other Important Information - The company ended fiscal 2023 with $52.7 million in cash and $394 million outstanding under senior secured notes, with a net leverage of 4.4x adjusted EBITDA [10][106] - The company has implemented a new data-driven pre-opening playbook to enhance the success of new center openings [90][131] Q&A Session Summary Question: Insights on brow tinting and laser testing - Management noted that brow tinting is being tested to increase revenue per visit and attract new guests, with positive initial results [44] Question: Expectations for EBITDA and margin expansion - Management indicated that excluding laser investments, they expect approximately 130 basis points of margin expansion beyond 2024 [24][106] Question: Market pricing strategies - Management stated that pricing adjustments will be monitored, with potential recommendations based on market conditions and franchisee feedback [27][122] Question: Trends in guest cohorts and sales guidance - Management confirmed that core guests remain strong, and they are focused on driving new guest acquisition and increasing frequency among existing guests [50][83] Question: Staffing and hiring trends - Management reported that staffing levels are adequate, with a focus on retaining experienced wax specialists to support growth [116][146]

EXHIBIT 99.1 European Wax Center, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results Issues fiscal 2024 outlook Fiscal Year 2023 versus 2022 Plano, TX, March 6, 2024 - Today, European Wax Center, Inc. (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, reports financial results for the 14 and 53 weeks ended January 6, 2024. David Willis, Chief Executive Officer of European Wax Center, Inc. stated: "European Wax Center delivered a ...

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 6, 2024 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 of incorporation or organization) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Is European Wax Center, Inc. (EWCZ) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question. European Wax Center, Inc. is a member of our Consumer Staples group, which includes 194 different companies and currently sits at #14 in the Zacks Sector Rank. The Zacks Sector ...

Analysts on Wall Street project that European Wax Center, Inc. (EWCZ) will announce quarterly earnings of $0.08 per share in its forthcoming report, representing a decline of 93.4% year over year. Revenues are projected to reach $53.98 million, increasing 0.9% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a co ...

PLANO, Texas, Feb. 22, 2024 /PRNewswire/ -- European Wax Center (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, was recognized as one of the top 500 franchises in Entrepreneur's Franchise 500®, the world's first, best, and most comprehensive franchise ranking. For 45 years, the annual Entrepreneur Franchise 500® has been a highly sought-after honor in the franchise industry and recognized as an invaluable resource for potential fra ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 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 (Sta ...