Second Quarter Fiscal 2024 versus 2023 Net new centers increased 5.6% to 1,059 total centers in 45 states System-wide sales of $260.2 million increased 2.3% Total revenue of $59.9 million increased 1.3% Same-store sales increased 1.6% GAAP net income of $6.0 million increased 7.3% Adjusted net income of $7.3 million increased 4.0% Adjusted EBITDA of $20.6 million decreased 2.6% PLANO, Texas, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Today, European Wax Center, Inc. (NASDAQ: EWCZ), the largest and fastest-growing fr ...

PLANO, Texas, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Today, European Wax Center, Inc. (NASDAQ: EWCZ) (the "Company" or "European Wax Center"), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, announced that the Board of Directors has appointed David Berg as Chief Executive Officer (CEO), effective August 12, 2024. Mr. Berg succeeds David Willis, who served as CEO and previously held various positions including President, Chief Operating Officer and Chie ...

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]

PLANO, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Today, European Wax Center, Inc. (NASDAQ:EWCZ) (the "Company" or "European Wax Center"), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, announced the appointment of Julia Hunter to its Board of Directors ("Board"), effective August 1, 2024. Ms. Hunter will serve on the Nominating and Governance committee. Ms. Hunter joins the European Wax Center Board currently serving as the CEO of luxury Californi ...

The Experts in Eyebrows Offer FDA-Compliant Formula for Eyebrow Tint PLANO, Texas, Aug. 1, 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 excited to introduce Eyebrow Tint to its service portfolio beginning August 1, 2024. Known as the "Experts in Eyebrows", the company has been providing its popular brow services and products across 45 states. With its new tint service, EWC will n ...

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 ...

Company Overview - European Wax Center, Inc. is the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, with over 1,000 centers in 45 states [5] - The company performed more than 23 million services annually and generated sales of $955 million in fiscal 2023 [5] - Founded in 2004 and headquartered in Plano, Texas, the company emphasizes a professional personal care experience with highly trained wax specialists [5] Product Recognition - The EWC TREAT® Brightening Ingrown Hair Wipes won the "Best Ingrown Treatment" category at the 2024 Men's Health Grooming Awards, marking the second consecutive year of recognition [1][3] - The product is formulated with vitamin C, azelaic, kojic, and lactic acids, designed to brighten skin and prevent ingrown hairs, bumps, and breakouts [2] - Retail price for the EWC TREAT® Brightening Ingrown Hair Wipes is $34.50, available at all European Wax Center locations and online [4] Industry Insights - The Men's Health Grooming Awards are considered a gold standard in the grooming industry, with products undergoing rigorous testing by Men's Health editors [3][6] - The awards highlight the growing interest in personal care among men, showcasing products that enhance grooming routines [3]

| --- | --- | |--------------------------------------------------------|-------| | | | | European Wax Center Investor Presentation January 2023 | | | © 2023 European Wax Center, Inc. | | Forward-Looking Statements Non-GAAP Financial Measures Market and Industry Data Trademarks © 2023 European Wax Center, Inc.2 Overview of European Wax Center European Wax Center is the largest and fastest-growing provider of out-of-home ("OOH") waxing services © 2023 European Wax Center, Inc. 4 and fragmented market ~8% ~$0. ...