Group 1 - The Pro Cheer League has partnered with European Wax Center as the Official Wax Partner for its inaugural season, emphasizing athlete confidence and empowerment [1][1] - The Pro Cheer League features four co-ed teams of paid athletes: Atlanta Air, Dallas Drive, Golden State Grit, and Miami Metal, competing in five national events [1][1] - The championship match is scheduled to take place in Nashville on March 27, 2026, with live broadcasts available on ION [1][1] Group 2 - European Wax Center operates over 1,000 locations across 44 states and performed more than 23 million services in fiscal 2024, generating sales of $951 million [1][1] - The company is recognized for its innovative Comfort Wax® and a commitment to providing a professional personal care experience [1][1] - The Pro Cheer League aims to elevate the sport of cheerleading by showcasing elite-level cheer athletes and enhancing the fan experience [1][1]

Core Insights - European Wax Center, Inc. reported a decrease in total revenue and net income for fiscal year 2025 compared to fiscal year 2024, indicating challenges in maintaining growth and profitability [2][4][5] Financial Performance - Total revenue for fiscal year 2025 was $206.6 million, a decrease of 4.7% from $216.9 million in fiscal year 2024 [5] - GAAP net income for fiscal year 2025 was $11.9 million, down 19.2% from $14.7 million in the previous year [5] - Adjusted net income decreased by 11.6% to $36.2 million from $40.9 million year-over-year [5] - Adjusted EBITDA for fiscal year 2025 was $73.3 million, a decrease of 3.0% from $75.5 million in fiscal year 2024 [11] Operational Metrics - The company ended fiscal year 2025 with 1,047 centers, a 1.9% decrease from 1,067 centers in the prior year [5] - System-wide sales for fiscal year 2025 were $947.3 million, a slight decrease of 0.4% from $951.0 million in fiscal year 2024 [5] - Same-store sales increased by 0.2% in fiscal year 2025, indicating some stability in existing locations [5] Cost and Expenses - Selling, general and administrative expenses (SG&A) for fiscal year 2025 were $58.4 million, a decrease of 0.6% from $58.7 million in the previous year [5] - SG&A as a percentage of total revenue increased to 28.2% from 27.1%, primarily due to lower revenue [5] Balance Sheet and Cash Flow - The company ended the fiscal year with $76.1 million in cash and cash equivalents, an increase from $49.7 million in the prior year [6] - Net cash provided by operating activities totaled $53.0 million for fiscal year 2025, down from $56.5 million in fiscal year 2024 [6] Future Outlook - European Wax Center announced a definitive agreement to be taken private by General Atlantic in an all-cash transaction, which will result in the company's class A common stock no longer being publicly listed [7]

Core Viewpoint - European Wax Center, Inc. is set to report its fourth quarter and fiscal year 2025 financial results on March 4, 2026, but will not host a conference call or provide financial guidance due to its agreement to be taken private by General Atlantic [1][2]. Company Overview - European Wax Center, Inc. is a leading franchisor and operator of out-of-home waxing services in the United States, performing over 23 million services annually [3]. - The company was founded in 2004 and is headquartered in Plano, Texas, with a network of more than 1,000 centers across 44 states [3]. - In fiscal 2024, the company generated sales of $951 million [3]. - The company emphasizes a professional personal care experience with its proprietary Comfort Wax® and a range of products designed to enhance waxing results [3]. - European Wax Center is recognized as a Certified™ Great Place to Work® and is guided by core values that include caring for each other, doing the right thing, delighting guests, and having fun while being awesome [3].

Core Viewpoint - European Wax Center, Inc. has entered into a definitive agreement to be taken private by General Atlantic in an all-cash transaction valued at approximately $330 million, with stockholders receiving $5.80 per share in cash, representing significant premiums over recent stock prices [1][3]. Company Overview - European Wax Center, Inc. is a leading franchisor and operator of out-of-home waxing services in the United States, performing over 23 million services annually and generating sales of $951 million in fiscal 2024 [7]. - The company was founded in 2004 and is headquartered in Plano, Texas, with a network of more than 1,000 centers across 44 states [7]. Transaction Details - General Atlantic, a strategic partner since 2018, currently owns approximately 42% of the company's outstanding shares and will acquire the remaining shares in this transaction [2][3]. - The transaction has been unanimously approved by a Special Committee of the Board of Directors and is expected to close in mid-2026, pending certain conditions including stockholder approval and regulatory approvals [4][5]. Financial Aspects - The purchase price of $5.80 per share represents a 45% premium to the closing stock price on February 9, 2026, and a 51% premium to the 90-day volume-weighted average share price for the same period [3]. Advisory Information - Moelis & Company LLC is serving as the exclusive financial advisor for the Special Committee, while Ropes & Gray LLP is providing legal counsel [6].

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]

Core Insights - European Wax Center, Inc. reported solid third-quarter performance, focusing on traffic growth, franchisee profitability, and disciplined expansion [3][6][9] - The company ended the quarter with 1,053 centers, a 1.0% decrease from the previous year [6][7] - System-wide sales were $238.2 million, down 0.8% from $240.2 million in the prior year [6][7] - Total revenue decreased by 2.2% to $54.2 million compared to $55.4 million in the prior year [6][7] - Same-store sales increased by 0.2% [6][7] - GAAP net income rose 164.4% to $5.4 million, while adjusted net income increased by 14.2% to $10.7 million [6][7] - Adjusted EBITDA grew by 9.6% to $20.2 million, with an adjusted EBITDA margin of 37.2% [6][7] Financial Performance - Year-to-date system-wide sales were flat at $721.7 million compared to the prior year-to-date period [7] - Total revenue for the first three quarters decreased by 3.4% to $161.5 million [7] - Selling, general and administrative expenses decreased by 25.4% to $13.0 million [7] - Interest expense increased slightly to $6.5 million from $6.3 million in the prior year [7] - The effective tax rate decreased to 27.4% from 28.7% in the prior year [7] Balance Sheet and Cash Flow - The company ended the quarter with $73.6 million in cash and cash equivalents and $6.4 million in restricted cash [8] - Net cash provided by operating activities totaled $17.3 million during the quarter [8] - The company repurchased approximately 1.2 million shares for $4.6 million, with cumulative repurchases reaching $45.9 million under a $50 million authorization [7][8] Fiscal 2025 Outlook - The company reiterated its fiscal 2025 outlook for system-wide sales between $940 million and $950 million [9] - Franchisees are expected to open 12 new centers while closing 35 to 40 centers, resulting in a net decrease of 23 to 28 centers for the fiscal year [10]

Core Points - European Wax Center, Inc. plans to report its third quarter fiscal 2025 financial results on November 12, 2025, before market opens [1] - The company will host a conference call at 8:00 a.m. ET to discuss the results [1] Company Overview - European Wax Center, Inc. is the leading franchisor and operator of out-of-home waxing services in the United States [3] - The company performs over 23 million services annually, providing a professional personal care experience in clean, individual waxing suites [3] - It generated sales of $951 million in fiscal 2024 and operates more than 1,000 centers across 44 states [3] - The company is known for its innovative Comfort Wax® and proprietary products that enhance waxing results [3] - European Wax Center was founded in 2004 and is headquartered in Plano, Texas [3]

Core Insights - European Wax Center, Inc. reported financial results for the second quarter of fiscal 2025, indicating a transitional year focused on strengthening the business foundation through data-driven strategies and disciplined execution [2][3] - The company aims to drive traffic and sales growth, improve profitability for franchisees, and pursue profitable expansion [3] Financial Performance - System-wide sales decreased by 1.0% to $257.6 million from $260.2 million in the prior year period, primarily due to a decline in same-day services and retail sales [6][7] - Total revenue for the quarter was $55.9 million, down 6.6% from $59.9 million in the prior year [6][7] - Same-store sales increased by 0.3% [6][7] - GAAP net income decreased by 9.0% to $5.4 million, while adjusted net income increased by 5.6% to $11.8 million [6][7] - Adjusted EBITDA rose by 4.7% to $21.6 million, with an adjusted EBITDA margin increase of 420 basis points to 38.7% [6][7] Year-to-Date Results - For the first half of fiscal 2025, system-wide sales increased by 0.4% to $483.5 million, driven by cash collected from wax pass sales [13] - Total revenue for the year-to-date period was $107.3 million, down 3.9% from the previous year [13] - Same-store sales increased by 0.5% [13] - Net income for the first half decreased by 16.9% to $8.0 million, while adjusted net income increased by 7.9% to $21.3 million [13] Balance Sheet and Cash Flow - The company ended the second quarter with $63.9 million in cash and cash equivalents and $388.0 million in borrowings outstanding [8] - Net cash provided by operating activities totaled $15.2 million during the quarter [8] Fiscal 2025 Financial Outlook - The company updated its fiscal 2025 outlook, projecting system-wide sales between $940 million and $950 million, total revenue between $205 million and $209 million, and same-store sales growth of 0.0% to 1.0% [9][11] - The adjusted net income outlook remains between $31 million and $33 million, with adjusted EBITDA also projected between $69 million and $71 million [11] Center Openings and Closures - Franchisees opened 2 centers and closed 5 during the second quarter, maintaining a total of 1,059 centers [6][7] - For fiscal 2025, the company estimates franchisees will open 10 to 12 new centers while closing 40 to 60 centers, resulting in a net closure of 28 to 50 centers [12]

Core Viewpoint - European Wax Center, Inc. is set to report its second quarter fiscal 2025 financial results on August 13, 2025, with a conference call scheduled for 8:00 a.m. ET [1] Company Overview - European Wax Center, Inc. is the leading franchisor and operator of out-of-home waxing services in the United States, with over 1,000 centers across 44 states [3] - The company performs more than 23 million services annually, focusing on providing a professional personal care experience [3] - In fiscal 2024, the company generated sales of $951 million [3] - The company utilizes its proprietary Comfort Wax® and offers a range of products to enhance waxing results [3] - European Wax Center is recognized as a Certified™ Great Place to Work® [3]

Core Insights - European Wax Center, Inc. has been recognized in Entrepreneur Magazine's 2025 Top Franchises for Multi-Unit Owners and Best of the Best Franchises lists, highlighting its strong market position and brand reputation [1][2]. Company Overview - European Wax Center is the leading franchisor and operator of out-of-home waxing services in the United States, with over 1,000 locations across 45 states [5]. - The company performed more than 23 million services in the previous year and generated sales of $951 million in fiscal 2024 [5]. Franchise Performance - The brand ranked among the top 20 on Entrepreneur's Top Brands for Multi-Unit Owners list, improving its position from 2024 [2]. - It was also recognized as the top waxing franchise in the Best of the Best Franchises list [2]. Franchisee Support - European Wax Center provides robust support to its franchisees, including comprehensive training, multi-channel marketing, real estate guidance, and guest retention tools [3]. - A significant portion of franchisees are multi-unit owners, with one-fifth operating five or more centers [3]. Brand Values and Innovation - The company emphasizes its core values: caring for each other, doing the right thing, delighting guests, and having fun while being awesome [5]. - European Wax Center has developed an innovative Comfort Wax® to enhance the waxing experience, making it more efficient and less painful [5].