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Stock impact report

European Wax Center Inc (EWCZ) Reports Growth Amidst Challenges in FY 2023 [Yahoo! Finance]

European Wax Center, Inc. - Class A (EWCZ) 
Company Research Source: Yahoo! Finance
Total Revenue : Rose by 6.6% to $221.0 million. Same-Store Sales : Increased by 2.9%. GAAP Net Income : Reported at $12.3 million, a decrease from the previous year. Adjusted EBITDA : Improved slightly to $76.0 million. Adjusted Net Income : Decreased significantly due to a one-time tax benefit in the previous year. Warning! GuruFocus has detected 2 Warning Sign with EWCZ. On March 6, 2024, European Wax Center Inc ( NASDAQ:EWCZ ) released its 8-K filing , detailing the financial results for the fourth quarter and the fiscal year 2023. As the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, European Wax Center Inc has demonstrated resilience in a challenging economic environment, with a notable increase in net new centers and system-wide sales. Company Overview European Wax Center Inc is renowned for its proprietary wax product sales and franchising model, which has allowed the company to expand its presence to 1, Show less Read more
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