Financial Data and Key Metrics Changes - In Q2 2025, the company reported system-wide sales of $257.6 million, a decrease of 1% year-over-year, with same-store sales growth of 30 basis points [6][26] - Adjusted EBITDA for the quarter was $21.6 million, reflecting a 4.7% increase from $20.6 million in the prior year period, with an adjusted EBITDA margin of 38.7% [28][29] - Total revenue decreased by approximately $4 million or 6.6% to $55.9 million, primarily due to lower contributions from wholesale product and retail revenue [26][28] Business Line Data and Key Metrics Changes - The company opened two growth centers during the quarter and closed five, resulting in three net center closures, with a total of 1,059 centers at the end of Q2, flat year-over-year [26][30] - The company has seen an improvement in transaction growth, with same-store sales up 1.7% in June and 1.5% through the first five weeks of Q3 [8][9] Market Data and Key Metrics Changes - The company noted challenges in the California market, while improvements were observed in Texas, Florida, and New York [62] - The Wax Pass sales increased by almost 2% year-over-year, indicating stable customer engagement [66] Company Strategy and Development Direction - The company is focused on three strategic objectives: driving sales through traffic growth, improving profitability for franchisees, and implementing a more sophisticated development approach [10][20] - The leadership team has been expanded with the addition of a Chief Operating Officer and a Chief Development Officer to enhance operational execution and franchise development [10][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the fundamentals of the business and the potential for long-term growth, despite being in a transitional year [7][39] - The company is narrowing its full-year revenue outlook to between $940 million and $950 million, with same-store sales expected to be flat to up 1% for the full year [33][36] Other Important Information - The company ended the quarter with $63.9 million in cash and $388 million outstanding under senior secured notes, with a net leverage ratio of 4.2 times [30] - The company plans to maintain advertising expenses slightly above 3% of system-wide sales to support ongoing traffic-driving initiatives [37] Q&A Session Summary Question: What changes have been made to the grand opening playbook? - The company has refined its grand opening playbook to ensure centers are set up for success, focusing on staffing and training, which has led to improved ramping of new units [44] Question: How should we think about closure pace going forward? - The company aims to minimize negative impacts from closures by building a strong foundation for sustainable traffic growth and improving overall network health [49] Question: Are there notable changes at the store level or in center execution? - The company is focusing on both marketing and operational tactics to drive frequency with existing guests, with a strong partnership with franchisees [53] Question: What is the outlook for regional performance? - The company is seeing challenges in California but improvements in Texas and Florida, with a focus on using data analytics to engage guests effectively [62] Question: How is the new product launch performing? - The company is pleased with the acceptance of new products and continues to prioritize transaction counts while maintaining a focus on retail [64] Question: What is the trajectory of Wax Pass sales? - Wax Pass sales have increased by almost 2% year-over-year, indicating continued customer engagement [66]

PLANO, Texas, July 30, 2025 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (NASDAQ: EWCZ), the leading franchisor and operator of out-of-home waxing services in the United States, today announced that it plans to report second quarter fiscal 2025 financial results before the market opens on Wednesday, August 13, 2025. 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 information, analysts shoul ...

Group 1: European Wax Center, Inc. (EWCZ) - European Wax Center is a franchisor and operator of out-of-home waxing services with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings increased by 96.8% over the last 60 days [1] - The company's shares gained 30.8% over the last three months, outperforming the S&P 500's advance of 5.3% [1] - European Wax Center possesses a Momentum Score of A [1] Group 2: Carlsberg A/S (CABGY) - Carlsberg is a producer of beer and other beverage products with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings increased by 6.1% over the last 60 days [2] - Carlsberg's shares gained 41.2% over the last six months, significantly outperforming the S&P 500's advance of 1.9% [2] - The company also possesses a Momentum Score of A [2]

Core Insights - European Wax Center, Inc. reported solid financial performance in Q1 2025, with a focus on strategic priorities and franchisee support [3][6] - The company reiterated its full-year financial outlook, indicating confidence in achieving growth despite macroeconomic challenges [3][8] Financial Performance - System-wide sales reached $225.9 million, a 2.1% increase from $221.4 million in the prior year [6][7] - Total revenue decreased by 0.9% to $51.4 million from $51.9 million year-over-year [6][7] - Same-store sales increased by 0.7% [6][7] - GAAP net income was $2.6 million, down 29.7% from $3.7 million [6][7] - Adjusted net income increased by 10.3% to $9.5 million from $8.6 million [6][7] - Adjusted EBITDA rose by 7.2% to $18.8 million from $17.5 million [6][7] Balance Sheet and Cash Flow - The company ended the quarter with $58.3 million in cash and cash equivalents and $6.5 million in restricted cash [5][6] - Net cash provided by operating activities totaled $12.7 million during the quarter [5][6] - Total borrowings under senior secured notes amounted to $389.0 million, with no outstanding borrowings under the revolving credit facility [5][6] Outlook - The company expects system-wide sales for fiscal 2025 to be between $940 million and $960 million [8] - Total revenue is projected to be between $210 million and $214 million [8] - Same-store sales are anticipated to range from 0.0% to 2.0% [8] - The adjusted net income outlook is set at $31 million to $33 million [8] - Franchisees are estimated to open 10 to 12 new centers while closing 40 to 60 centers, leading to a net center closure of 28 to 50 for fiscal 2025 [9]

Financial Performance - Consolidated service revenue decreased by 4.9% YoY to $650.7 million in 1Q 2025[40] - Consolidated Adjusted EBITDA increased by 1.4% YoY to $32.6 million in 1Q 2025[40] - Net loss was $50.4 million in 1Q 2025[40] Segment Performance (1Q 2025) - NEMT service revenue was $449.0 million, a decrease of 6.3% YoY, with Adjusted EBITDA of $27.8 million, an increase of 2.5% YoY[40] - PCS service revenue was $181.8 million, a decrease of 1.0% YoY, with Adjusted EBITDA of $12.2 million, an increase of 8.5% YoY[40] - Monitoring service revenue was $18.1 million, a decrease of 9.8% YoY, with Adjusted EBITDA of $5.2 million, a decrease of 17.4% YoY[40] NEMT Segment Details - NEMT total paid trips decreased by 4.0% YoY to 8,458[58] - NEMT revenue per trip decreased by 2.4% YoY to $53.09[58] - NEMT revenue per member per month increased 15.6% to $6.35[58] PCS Segment Details - PCS total hours decreased by 2.1% YoY to 6,818[64] - PCS revenue per hour increased by 1.1% YoY to $26.66[64] - PCS service expense per hour increased by 0.8% YoY to $21.64[64] Monitoring Segment Details - Monitoring members decreased by 7.3% YoY to 231K[70] - Monitoring revenue per member per month decreased by 2.8% YoY to $26.15[70] - Monitoring service expense per member per month decreased by 1.1% YoY to $11.07[70]

PLANO, Texas, April 30, 2025 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (NASDAQ: EWCZ), the leading franchisor and operator of out-of-home waxing services in the United States, today announced that it plans to report first quarter fiscal 2025 financial results before the market opens on Wednesday, May 14, 2025. 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 information, analysts should c ...