European Wax Center

European Wax Center, Inc. engages in the provision of out-of-home hair removal services. Its menu of services is focused on body and facial waxing. The firm operates company-owned waxing centers and franchises its model. It offers body, skincare, and brow products. The company was founded in 2004 and is headquartered in Plano, TX.

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European Wax Center posts record Q4 results and eyes expansion

European Wax Center (EWCZ) reported strong Q4 2022 performance, driven by the success of the Wax Pass program and strategic growth initiatives. The company's focus on analytics, staff retention, and revenue optimization positions it well for continued success in 2023. Challenges in maintaining comp growth and adapting to market dynamics exist, but EWCZ is poised to capitalize on expansion opportunities and drive profitability.

European Wax Center excels in Q1 performance, faces growth challenges

European Wax Center delivered a strong Q1 performance with notable revenue growth and margin expansion, driven by successful strategies targeting loyal and routine guests.
While facing challenges in managing episodic guest impact and maintaining consistency in newer store cohorts' performance, the company remains focused on growth and retention strategies.
Opportunities in converting routine guests to Wax Pass members, leveraging growth partners, and enhancing guest experience through targeted initiatives position European Wax Center for continued success.

European Wax Center posts strong Q2 results, eyes laser expansion

European Wax Center (EWCZ) delivered robust Q2 results, maintaining financial stability and efficiency while focusing on driving sales growth and enhancing guest experience.
The company's strategic initiatives, including laser hair removal tests and bundling strategies, aim to capture new customer segments and optimize revenue streams.
Challenges such as market preferences and operational balancing are being addressed through innovation, consistent training, and a focus on franchisee success.
EWCZ's strong performance, operational strengths, and growth opportunities position it well for sustained success and market expansion in the beauty services industry.

European Wax Center reports resilient Q3 performance amidst economic challenges

European Wax Center (EWCZ) navigated challenges to deliver growth in Q3, focusing on loyal guests and expanding its footprint.
The company's financial performance remained strong, with a focus on generating free cash flows and creating long-term shareholder value.
Despite macroeconomic pressures, EWCZ is committed to strategic initiatives and maintaining growth momentum in 2023.

European Wax Center posts strong Q4 results, eyes growth opportunities

European Wax Center (EWCZ) reported strong financial performance in Q4 2023 and outlined ambitious growth plans for 2024, targeting significant increases in system-wide sales and adjusted EBITDA.
The company's strategic focus on expanding net new centers, introducing new services, and optimizing operational efficiency positions it well for continued success and market leadership.
While facing challenges in pricing strategies and operational complexities, EWCZ remains proactive in addressing these issues and capitalizing on opportunities for growth and innovation.
By leveraging market data analysis, driving customer engagement, and enhancing operational efficiency, European Wax Center (EWCZ) aims to sustain profitability, attract new guests, and drive long-term success.

European Wax Center (EWCZ) reports stable Q1 performance and growth opportunities

European Wax Center (EWCZ) delivered stable performance with growth in center count and total revenue, despite challenges in same-store sales.
Strong profit margins and cash position increase highlight financial resilience, with initiatives showing promising early results.
Opportunities lie in driving new guest acquisition, improving existing guest metrics, and achieving long-term sales goals.
Challenges include weather impacts on sales, expense fluctuations, and delays in unit development, but the company remains optimistic about meeting targets.

European Wax Center reports modest Q2 growth amid market challenges

European Wax Center (EWCZ) navigated challenges in Q2 2024 with modest growth but faces headwinds from the macroeconomic environment.
The company is adjusting its outlook for the remainder of 2024 and focusing on strategic initiatives to drive growth and improve financial performance.
Despite challenges, EWCZ remains committed to enhancing the guest experience, driving new guests, and working closely with franchise partners for long-term success.

European Wax Center (EWCZ) addresses challenges, focuses on growth strategies

European Wax Center (EWCZ) navigated challenges in Q3 2024 with a focus on strategic priorities, financial performance in line with expectations, and partnerships to drive growth. The company's outlook for fiscal 2024 remains positive, with a commitment to improving profitability and guest acquisition.

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European Wax Center, Inc. engages in the business of managing franchisee and operation of out-of-home waxing services by number of centers and system-wide sales. The firm is also involved in selling franchises, distributing facial and body waxing products to franchisees which are used to perform waxing services, and providing branded facial and body waxing products directly to consumers. The company was founded in 2004 and is headquartered in Plano, TX.

PLANO, Texas, May 17, 2022 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, today announced the commencement of a proposed public offering of 4,500,000 shares of its Class A common stock by selling stockholders, including stockholders affiliated with General Atlantic, L.P. (collectively, the “Selling Stockholders”). The Selling Stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 675,000 shares of Class A common stock.

European Wax Center, Inc. Announces Launch of Public Offering of Class A Common Stock

The center will open on May 12th, 2022, in San Diego,  California   PLANO, Texas , May 12, 2022 /PRNewswire/ --  European Wax Center , the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, is proud to announce its 900th center opening. Located at 3485 Del Mar Heights Road, Suite A4, San Diego, CA 92130, this will be the first center in the region to debut European Wax Center's new design and the 20th center opening for longtime European Wax Center Franchise Owner Shawnee Oliver.

EUROPEAN WAX CENTER ANNOUNCES 900TH CENTER OPENING

European Wax Center, Inc. (NASDAQ:EWCZ ) Q1 2022 Earnings Conference Call May 4, 2022 5:00 PM ET Company Participants Amir Yeganehjoo - SVP of Financial Planning and IR David Berg - CEO David Willis - COO and CFO Conference Call Participants Randy Konik - Jefferies Jonathan Komp - Baird Dana Telsey - Telsey Advisory Group Simeon Gutman - Morgan Stanley Lorraine Hutchinson - Bank of America Julio Marquez - Guggenheim Beth Reed - Truist Securities Tracy Kogan - Citigroup Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the European Wax Center's First Quarter Fiscal 2022 Earnings Conference Call.

European Wax Center, Inc. (EWCZ) CEO David Berg on Q1 2022 Results - Earnings Call Transcript

This personal care company has a nationwide presence in an industry traditionally filled with small business operators.

European Wax Center: Big Fish, Small Pond, Big Reward?

PLANO, Texas, April 20, 2022 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, today announced that it plans to report first quarter fiscal 2022 financial results after the market closes on Wednesday, May 4th, 2022. Following the release, the company's management will host a conference call at 5:00 p.m. ET/4:00 p.m. CT to review the results.

European Wax Center, Inc. to Report First Quarter Fiscal 2022 Financial Results on May 4th

PLANO, Texas, April 11, 2022 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (NASDAQ:EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, today announced that its Board of Directors has declared a special cash dividend of $3.30 per share to holders of Class A common stock and equivalent payments to unit holders of EWC Ventures, LLC funded in part by its completed whole business securitization, which included $400 million of senior fixed-rate term notes.

European Wax Center, Inc. Announces Special Cash Dividend

PLANO, Texas, April 06, 2022 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (NASDAQ:EWCZ) (together with its subsidiaries, the “Company”) today announced that it has completed its previously announced refinancing transaction. The new series of securitized notes include $400 million of Series 2022-1 Class A-2 Fixed Rate Senior Secured Notes (the “Class A-2 Notes”) with an anticipated repayment term of five years and a fixed interest rate of 5.5% per annum, payable quarterly. In addition to the Class A-2 Notes, the refinancing transaction includes a $40 million variable funding note facility (the “Variable Funding Notes”). As of the closing, none of the Variable Funding Notes have been drawn, but an undrawn letter of credit of approximately $5.6 million has been issued under the Variable Funding Notes.

European Wax Center, Inc. Completes Refinancing Transaction

PLANO, Texas, March 28, 2022 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (NASDAQ:EWCZ) (together with its subsidiaries, the “Company”) today announced that it has priced $400 million of Series 2022-1 Class A-2 Fixed Rate Senior Secured Notes (the “Class A-2 Notes”) with an anticipated repayment term of five years, an aggregate principal amount of $400 million and a fixed interest rate of 5.50% per annum, payable quarterly. The Class A-2 Notes are expected to be issued by EWC Master Issuer LLC, a newly-formed, limited-purpose, bankruptcy remote indirect subsidiary of European Wax Center, Inc. in a privately placed securitization transaction.

European Wax Center, Inc. Prices $400 Million Securitized Financing Facility

European Wax Center, Inc. (EWCZ) CEO David Berg on Q4 2021 Results Earnings Call Transcript

Announces intent to launch whole business securitization and refinancing of existing senior secured credit facilities,  with portion of proceeds expected to fund one-time special dividend Issues fiscal 2022 outlook, including total revenue growth in excess of long-term framework

European Wax Center, Inc. Reports Record Fourth Quarter and Fiscal Year 2021 Results

Current Chief Operating Officer appointed CFO, effective immediately

European Wax Center, Inc. Announces CFO Transition; Provides Updated Fiscal 2021 Guidance

PLANO, Texas, Jan. 6, 2022 /PRNewswire/ -- European Wax Center, Inc.  (NASDAQ: EWCZ) a leading personal care franchise brand offering expert wax services, was recognized as one of the top 500 franchises and ranked #1 in category in Entrepreneur's Franchise 500®, the world's first, best and most comprehensive franchise ranking. The 43rd annual Entrepreneur Franchise 500® is a highly sought-after honor in the franchise industry.

EUROPEAN WAX CENTER RANKED BEST IN CATEGORY IN ENTREPRENEUR'S HIGHLY COMPETITIVE FRANCHISE 500®

PLANO, Texas, Jan. 03, 2022 (GLOBE NEWSWIRE) -- European Wax Center (NASDAQ: EWCZ), a leading personal care franchise brand offering expert wax services, today announced that members of its management team will be presenting at the ICR Conference 2022 held virtually at 2:30PM ET on Monday, January 10, 2022.

European Wax Center, Inc. Announces Participation in the ICR Conference 2022

LAS VEGAS, Dec. 1, 2021 /PRNewswire/ -- Wax Center Partners ("WCP") expands to Nevada through the acquisition of 4 European Wax Center locations in Las Vegas. WCP currently operates 24 centers across 3 States—California (14), Texas (6) and Nevada (4).

Wax Center Partners Expands to Las Vegas, NV

Nital Scott joins Board of Directors, serving as an Independent Director Nital Scott joins Board of Directors, serving as an Independent Director

European Wax Center Welcomes New Board Member, Nital Scott

PLANO, Texas, Nov. 22, 2021 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (NASDAQ: EWCZ), a leading personal care franchise brand offering expert wax services, today announced that members of its management team will hold investor meetings and participate in a fireside chat at the Morgan Stanley Virtual Global Consumer & Retail Conference on November 30, 2021.

European Wax Center, Inc. Announces Participation in the Morgan Stanley Virtual Global Consumer & Retail Conference

European Wax Center Inc (NASDAQ: EWCZ) announced the pricing of a public offering of 5.2 million shares of its Class A common stock at $26.25 a share. The offering price represents a 2.2% discount on the company's last close on November 10, 2021.

European Wax Center Raises $62M Via Equity Offering

European Wax Center's (EWCZ) CEO David Berg on Q3 2021 Results - Earnings Call Transcript

DALLAS, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Today, European Wax Center, Inc. (NASDAQ: EWCZ), a leading personal care franchise brand founded in 2004, reports financial results for the 13 and 39 weeks ended September 25, 2021 compared to September 26, 2020. Due the impact of COVID-19 on fiscal 2020, results are also compared to the 13 and 39 weeks ended September 28, 2019.

European Wax Center, Inc. Reports Record Third Quarter Fiscal 2021 Results and Increases Fiscal 2021 Outlook

PLANO, Texas, Oct. 27, 2021 /PRNewswire/ --  European Wax Center, Inc. , a leading personal care franchise brand offering expert wax services, is excited to announce the launch of its new and enhanced loyalty program, EWC Rewards, along with an improved European Wax Center Guest App. These new initiatives demonstrate European Wax Center's (EWC) dedication to the continual improvement and evolution of their guest experience.

European Wax Center Introduces EWC Rewards And New Guest App

European Wax Center Inc (NASDAQ: EWCZ) franchise Wax Center Partners  has opened a new center in California. "We are thrilled with the opening of our new center in San Leandro, and to welcome our guests we are offering a special 'Buy 3 Get 1 Free Wax Pass' until October 31st, 2021," said Mandisa Cox, Director of Center Operations for WCP.

Wax Center Partners Opens New European Wax Center In California

PLANO, Texas, Oct. 21, 2021 (GLOBE NEWSWIRE) -- European Wax Center (NASDAQ: EWCZ), a leading personal care franchise brand offering expert wax services, today announced that it will report third quarter fiscal 2021 earnings results after the market closes on Thursday, November 4th, 2021.

European Wax Center, Inc. to Report Third Quarter 2021 Financial Results on November 4th

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European Wax Center (EWCZ) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Why European Wax Center (EWCZ) Stock Might be a Great Pick

Second Quarter Highlights (fiscal 2021 compared to fiscal 2020 and fiscal 2019 second quarter)

News for European Wax Center Stock (EWCZ)