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Stock impact report

Spotting Winners: European Wax Center (NASDAQ:EWCZ) And Leisure Facilities Stocks In Q3 [Yahoo! Finance]

European Wax Center, Inc. - Class A (EWCZ) 
Company Research Source: Yahoo! Finance
Leisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from "things" to "experiences". Leisure facilities seek to benefit but must innovate to do so because of the industry's high competition and capital intensity. The 11 leisure facilities stocks we track reported a satisfactory Q3. As a group, revenues missed analysts' consensus estimates by 0.7% while next quarter's revenue guidance was 0.6% below. Thankfully, share prices of the companies have been resilient as they are up 7.9% on average since the latest earnings results. Founded by two siblings, European Wax Center (NASDAQ:EWCZ) is a beauty and waxing salon chain specializing in professional wax services and skincare products. European Wax Center reported revenues of $54.19 million, down 2.2% year on year. This print exceeded analysts' expectations by 2.7%. Overall, it was a strong quarter for the company with a beat of Show less Read more
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