European Wax Center, Inc. Provides Update Ahead of the 2026 ICR Conference

Core Insights - European Wax Center, Inc. provides an update on its fiscal 2025 performance, reporting 20 net center closings, which is below the previous outlook of 23 to 28 closings, influenced by the timing of closures and strategic development initiatives [4] Fiscal 2025 Results and Outlook - The company reports 11 gross new center openings and 31 closures, resulting in a net decrease of 20 centers [4] - Updated fiscal 2025 outlook metrics include: - System-Wide Sales: $945 million to $948 million, revised from $940 million to $950 million [4] - Total Revenue: $206 million to $208 million, revised from $205 million to $209 million [4] - Same-Store Sales: 0.1% to 0.3%, revised from 0.0% to 1.0% [4] - Adjusted EBITDA: $72 million to $74 million, revised from $69 million to $71 million [4] - Adjusted Net Income: $33 million to $35 million, revised from $31 million to $33 million [4] - The company anticipates publishing its audited financial results for the fiscal year ended January 3, 2026, in March 2026 [4] Management Commentary - Chris Morris, Chairman and CEO, expresses satisfaction with the progress made in 2025, emphasizing a focus on marketing, operational capabilities, and strategic investments to enhance guest experience and long-term performance [3]