European Wax Center: Hunted By Laser Competitors [Seeking Alpha]
European Wax Center, Inc. - Class A (EWCZ)
Company Research
Source: Seeking Alpha
The company faces growing competition from laser hair removal services, which could impact its future growth and profitability. A scenario-based valuation suggests a fair price per share of $9.8, with a downside potential of 15% from the current price. European Wax Center ( NASDAQ: EWCZ ) offers franchising opportunities in the waxing space. The company franchises one of the largest networks of waxing centers across the US with more than 970 centers with close to $1 billion of system-wide sales. But despite their strong success in both growth and profitability, the stock has been underperforming. We believe this is the market reaction to the growing competitive threat presented by laser hair removal competitors, and its impact is still unclear. Overall, we would like to keep EWCZ on close watch but we do not feel confident at the current valuation level yet. Franchise business model: fast-growing at record margins The business model is very simple: provide a standardized and
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News
- European Wax Center, Inc. (NASDAQ: EWCZ) had its price target lowered by analysts at Bank of America Co. from $19.00 to $16.00. They now have a "buy" rating on the stock.MarketBeat
- European Wax Center, Inc. (NASDAQ: EWCZ) had its "outperform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $18.00 price target on the stock.MarketBeat
- European Wax Center EWC TREAT® Brightening Ingrown Hair Wipes WINS 2024 Cosmopolitan Holy Grail Beauty Award [Yahoo! Finance]Yahoo! Finance
- European Wax Center's (NASDAQ:EWCZ) Q1 Earnings Results: Revenue In Line With Expectations [Yahoo! Finance]Yahoo! Finance
- European Wax Center EWC TREAT® Brightening Ingrown Hair Wipes WINS 2024 Cosmopolitan Holy Grail Beauty AwardPR Newswire
EWCZ
Sec Filings
- 5/15/24 - Form 10-Q
- 5/15/24 - Form 8-K
- 4/23/24 - Form 4
- EWCZ's page on the SEC website