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Stock impact report

European Wax Center, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results [Yahoo! Finance]

European Wax Center, Inc. - Class A (EWCZ) 
Company Research Source: Yahoo! Finance
System-wide sales of $955.0 million increased 6.3% Total revenue of $221.0 million increased 6.6% Same-store sales increased 2.9% GAAP net income of $12.3 million and Adjusted net income of $22.5 million Adjusted EBITDA of $76.0 million PLANO, Texas, March 06, 2024 (GLOBE NEWSWIRE) -- Today, European Wax Center, Inc. (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, reports financial results for the 14 and 53 weeks ended January 6, 2024. David Willis, Chief Executive Officer of European Wax Center, Inc. stated: “European Wax Center delivered a strong fourth quarter and equally strong full year 2023 performance. We opened 100 net new centers in 2023, all of which were developed by existing operators, demonstrating continued demand from our franchisees. Further, our core guests, Wax Pass and routine guests, remained firmly committed to their personal care routines, demonstrated by their recurring, pr Show less Read more
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