European Wax Center, Inc. operates as a holding company for EWC Ventures, LLC that franchises and operates out-of-home waxing services in the United States. The company also sells facial and body waxing products to franchisees, as well as sells skincare products through website. As of March 27, 2021, it had a portfolio of centers operating in 808 locations, including 803 are franchised centers and 5 corporate-owned centers. The company was founded in 2004 and is headquartered in Plano, Texas.
IPO Year: 2021
Exchange: NASDAQ
Website: waxcenter.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/15/2024 | $5.00 | Equal-Weight → Underweight | Morgan Stanley |
| 8/15/2024 | $16.00 → $5.50 | Buy → Neutral | Citigroup |
| 9/21/2023 | $19.00 → $22.00 | Neutral → Overweight | Piper Sandler |
| 4/5/2023 | $21.00 | Outperform → Neutral | Robert W. Baird |
| 8/30/2022 | $22.00 | Neutral | Piper Sandler |
| 11/1/2021 | $30.00 → $36.00 | Outperform | Telsey Advisory Group |
| 9/15/2021 | $25.00 → $26.00 | Equal-Weight | Morgan Stanley |
| 8/30/2021 | $27.00 | Buy | BofA Securities |
| 8/30/2021 | $30.00 | Outperform | Robert W. Baird |
| 8/30/2021 | $25.00 | Equal-Weight | Morgan Stanley |
PLANO, Texas, Nov. 19, 2024 /PRNewswire/ -- European Wax Center, Inc. (NASDAQ:EWCZ), the leading franchisor and operator of out-of-home waxing services in the United States, is excited to announce its 2024 Shape Beauty Award Win. Chosen by SHAPE's dedicated team of testers and beauty professionals, European Wax Center has been named Best Nationwide Waxing Studio. The accolade comes as part of an extended version of SHAPE's coveted beauty awards, which are widely viewed as an essential resource for wellness-focused women. Defined by SHAPE's brand philosophy of empowering women
Reiterates fiscal 2024 financial outlook Updates fiscal 2024 outlook for net new centers Third Quarter Fiscal 2024 versus 2023 Net new centers increased 3.7% to 1,064 total centers in 45 statesSystem-wide sales of $240.2 million decreased 0.2%Total revenue of $55.4 million decreased 0.5%Same-store sales decreased 0.5%GAAP net income of $2.0 million decreased 50.7%Adjusted net income of $5.5 million decreased 8.2%Adjusted EBITDA of $18.4 million decreased 4.4% PLANO, Texas, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Today, European Wax Center, Inc. (NASDAQ:EWCZ), the leading franchisor and operator of out-of-home waxing services in the United States, reports financial results for the 13 an
PLANO, Texas, Nov. 05, 2024 (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 third quarter fiscal year 2024 financial results before the market opens on Thursday, November 14, 2024. Following the release, the company's management will host a conference call at 8:00 a.m. ET/7:00 a.m. CT to review the results. To access the conference call dial-in information, analysts should click here to register online at least 15 minutes before the start of the call. All other participants are asked to access the earnings webcast at https://inve
PLANO, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Today, European Wax Center, Inc. (NASDAQ:EWCZ) (the "Company" or "European Wax Center"), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, announced several strategic Commercial and Operational updates as the Company continues to focus on its key initiatives of attracting new guests, retaining first-time guests and winning back lapsed guests. These updates include a new partnership with dolabra digital llc ("Dolabra"), a leader in data-driven strategy, and a realignment of its Commercial and Field Operations teams. David Berg, Executive Chairman and CEO of European Wax Center,
PLANO, Texas, Aug. 27, 2024 (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 members of its management team will participate in the 2024 Piper Sandler Growth Frontiers Conference at the Virgin Hotel in Nashville, Tennessee on September 10, 2024. Management will participate in a fireside chat at 9:00 AM EST on September 10, 2024. A link to the webcast will be available at https://investors.waxcenter.com/. About European Wax Center, Inc.European Wax Center, Inc. (NASDAQ:EWCZ) is the largest and fastest-growing franchisor and operator of out-of-home w
Second Quarter Fiscal 2024 versus 2023 Net new centers increased 5.6% to 1,059 total centers in 45 statesSystem-wide sales of $260.2 million increased 2.3%Total revenue of $59.9 million increased 1.3%Same-store sales increased 1.6%GAAP net income of $6.0 million increased 7.3%Adjusted net income of $7.3 million increased 4.0%Adjusted EBITDA of $20.6 million decreased 2.6% PLANO, Texas, Aug. 14, 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 13 and 26 weeks ended July 6, 2024. In a separate release today, European Wax Cen
PLANO, Texas, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Today, European Wax Center, Inc. (NASDAQ:EWCZ) (the "Company" or "European Wax Center"), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, announced that the Board of Directors has appointed David Berg as Chief Executive Officer (CEO), effective August 12, 2024. Mr. Berg succeeds David Willis, who served as CEO and previously held various positions including President, Chief Operating Officer and Chief Financial Officer. Mr. Berg has served as Executive Chairman of European Wax Center since September 2023 and will remain in this role. He previously served as CEO from 2018 to 2023.
PLANO, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Today, European Wax Center, Inc. (NASDAQ:EWCZ) (the "Company" or "European Wax Center"), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, announced the appointment of Julia Hunter to its Board of Directors ("Board"), effective August 1, 2024. Ms. Hunter will serve on the Nominating and Governance committee. Ms. Hunter joins the European Wax Center Board currently serving as the CEO of luxury California lifestyle and fashion brand Jenni Kayne. During her ten-year tenure as CEO, Jenni Kayne has grown revenue forty times over through both its e-commerce platform and its expanding brick
PLANO, Texas, Aug. 01, 2024 (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 second quarter fiscal year 2024 financial results before the market opens on Wednesday, August 14, 2024. Following the release, the company's management will host a conference call at 8:00 a.m. ET/7:00 a.m. CT to review the results. To access the conference call dial-in information, analysts should click here to register online at least 15 minutes before the start of the call. All other participants are asked to access the earnings webcast at https://in
The Experts in Eyebrows Offer FDA-Compliant Formula for Eyebrow Tint PLANO, Texas, Aug. 1, 2024 /PRNewswire/ -- European Wax Center, Inc. (NASDAQ:EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, is excited to introduce Eyebrow Tint to its service portfolio beginning August 1, 2024. Known as the "Experts in Eyebrows", the company has been providing its popular brow services and products across 45 states. With its new tint service, EWC will now provide guests with a one-stop shop for eyebrow enhancement. The Euro
PLANO, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Today, European Wax Center, Inc. (NASDAQ:EWCZ) (the "Company" or "European Wax Center"), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, announced the appointment of Julia Hunter to its Board of Directors ("Board"), effective August 1, 2024. Ms. Hunter will serve on the Nominating and Governance committee. Ms. Hunter joins the European Wax Center Board currently serving as the CEO of luxury California lifestyle and fashion brand Jenni Kayne. During her ten-year tenure as CEO, Jenni Kayne has grown revenue forty times over through both its e-commerce platform and its expanding brick
PLANO, Texas, May 22, 2023 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (the "Company" or "European Wax Center") (NASDAQ:EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, today announced the appointment of Andrea Wasserman as Chief Commercial Officer effective May 30, 2023. "We are excited to deepen our executive leadership team and welcome Andrea Wasserman as our first Chief Commercial Officer. In this newly created role, Andrea will lead the Marketing, Merchandising, Loyalty, Customer Relationship Management, eCommerce, and Data Insights teams and work across functions to drive revenue and profitable growth derived from
Current Chief Financial Officer and Chief Operating Officer David Willis Promoted to President Consumer Industry Veteran Stacie Shirley Appointed to Chief Financial Officer PLANO, Texas, March 09, 2023 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (the "Company" or "European Wax Center") (NASDAQ:EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, today announced the appointment of Stacie Shirley to Chief Financial Officer effective March 27, 2023. Stacie Shirley succeeds David Willis who has been promoted to President effective March 27, 2023. Mr. Willis will retain his role as Chief Operating Officer of the Company. "Today
PLANO, Texas, Nov. 29, 2021 (GLOBE NEWSWIRE) -- European Wax Center, Inc. (NASDAQ:EWCZ), a leading personal care franchise brand that offers expert wax services, today announced the appointment of Nital Scott to its Board of Directors. With the appointment of Ms. Scott, the European Wax Center Board of Directors now has seven members. "We are thrilled to have Nital join the European Wax Center team. Her deep experience in retail and consumer-facing beauty spaces will be invaluable as we continue to execute on our strategic priorities of new center openings and same-store sales growth. I look forward to partnering with her to enhance value for all European Wax Center stakeholders," said Da
Piper Sandler analyst Korinne Wolfmeyer maintains European Wax Center (NASDAQ:EWCZ) with a Overweight and lowers the price target from $15 to $12.
Telsey Advisory Group analyst Dana Telsey maintains European Wax Center (NASDAQ:EWCZ) with a Outperform and maintains $16 price target.
Citigroup analyst Kelly Crago maintains European Wax Center (NASDAQ:EWCZ) with a Buy and lowers the price target from $19 to $16.
European Wax Center, Inc (NASDAQ:EWCZ) reported a profit for the first quarter on Wednesday. The company posted quarterly net income of $3.7 million versus a year-ago net loss of $1.1 million in. Its adjusted net income surged 41.3% to $4.8 million. Total revenue rose 4% year-over-year to $51.9 million, according to data from Benzinga Pro. Its same-store sales rose 1.2%, while system-wide sales rose 1.3% to $221.4 million during the quarter. David Willis, Chief Executive Officer of European Wax Center, Inc. stated, “We began 2024 with stable frequency and spend among our existing guests which led to positive system-wide sales and revenue growth in the first quarter and underpins our
Telsey Advisory Group analyst Dana Telsey maintains European Wax Center (NASDAQ:EWCZ) with a Outperform and lowers the price target from $18 to $16.
Truist Securities analyst Scot Ciccarelli maintains European Wax Center (NASDAQ:EWCZ) with a Buy and lowers the price target from $17 to $16.
B of A Securities analyst Lorraine Hutchinson maintains European Wax Center (NASDAQ:EWCZ) with a Buy and lowers the price target from $19 to $16.
Telsey Advisory Group analyst Dana Telsey maintains European Wax Center (NASDAQ:EWCZ) with a Outperform and maintains $18 price target.
Morgan Stanley downgraded European Wax Center from Equal-Weight to Underweight and set a new price target of $5.00
Citigroup downgraded European Wax Center from Buy to Neutral and set a new price target of $5.50 from $16.00 previously
Piper Sandler upgraded European Wax Center from Neutral to Overweight and set a new price target of $22.00 from $19.00 previously
Robert W. Baird downgraded European Wax Center from Outperform to Neutral and set a new price target of $21.00
Piper Sandler initiated coverage of European Wax Center with a rating of Neutral and set a new price target of $22.00
Telsey Advisory Group reiterated coverage of European Wax Center with a rating of Outperform and set a new price target of $36.00 from $30.00 previously
Morgan Stanley reiterated coverage of European Wax Center with a rating of Equal-Weight and set a new price target of $26.00 from $25.00 previously
BofA Securities initiated coverage of European Wax Center with a rating of Buy and set a new price target of $27.00
Robert W. Baird initiated coverage of European Wax Center with a rating of Outperform and set a new price target of $30.00
Morgan Stanley initiated coverage of European Wax Center with a rating of Equal-Weight and set a new price target of $25.00
8-K/A - European Wax Center, Inc. (0001856236) (Filer)
NT 10-Q - European Wax Center, Inc. (0001856236) (Filer)
SCHEDULE 13G/A - European Wax Center, Inc. (0001856236) (Subject)
8-K - European Wax Center, Inc. (0001856236) (Filer)
SCHEDULE 13G - European Wax Center, Inc. (0001856236) (Subject)
8-K - European Wax Center, Inc. (0001856236) (Filer)
8-K - European Wax Center, Inc. (0001856236) (Filer)
10-Q - European Wax Center, Inc. (0001856236) (Filer)
8-K - European Wax Center, Inc. (0001856236) (Filer)
8-K - European Wax Center, Inc. (0001856236) (Filer)
4 - European Wax Center, Inc. (0001856236) (Issuer)
4 - European Wax Center, Inc. (0001856236) (Issuer)
4 - European Wax Center, Inc. (0001856236) (Issuer)
4 - European Wax Center, Inc. (0001856236) (Issuer)
4 - European Wax Center, Inc. (0001856236) (Issuer)
4 - European Wax Center, Inc. (0001856236) (Issuer)
4 - European Wax Center, Inc. (0001856236) (Issuer)
4 - European Wax Center, Inc. (0001856236) (Issuer)
3 - European Wax Center, Inc. (0001856236) (Issuer)
4 - European Wax Center, Inc. (0001856236) (Issuer)
SC 13G - European Wax Center, Inc. (0001856236) (Subject)
SC 13G - European Wax Center, Inc. (0001856236) (Subject)
SC 13G/A - European Wax Center, Inc. (0001856236) (Subject)
SC 13G - European Wax Center, Inc. (0001856236) (Subject)
SC 13G/A - European Wax Center, Inc. (0001856236) (Subject)
SC 13G/A - European Wax Center, Inc. (0001856236) (Subject)
SC 13G/A - European Wax Center, Inc. (0001856236) (Subject)
SC 13G - European Wax Center, Inc. (0001856236) (Subject)
SC 13G - European Wax Center, Inc. (0001856236) (Subject)
SC 13G/A - European Wax Center, Inc. (0001856236) (Subject)
Reiterates fiscal 2024 financial outlook Updates fiscal 2024 outlook for net new centers Third Quarter Fiscal 2024 versus 2023 Net new centers increased 3.7% to 1,064 total centers in 45 statesSystem-wide sales of $240.2 million decreased 0.2%Total revenue of $55.4 million decreased 0.5%Same-store sales decreased 0.5%GAAP net income of $2.0 million decreased 50.7%Adjusted net income of $5.5 million decreased 8.2%Adjusted EBITDA of $18.4 million decreased 4.4% PLANO, Texas, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Today, European Wax Center, Inc. (NASDAQ:EWCZ), the leading franchisor and operator of out-of-home waxing services in the United States, reports financial results for the 13 an
PLANO, Texas, Nov. 05, 2024 (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 third quarter fiscal year 2024 financial results before the market opens on Thursday, November 14, 2024. Following the release, the company's management will host a conference call at 8:00 a.m. ET/7:00 a.m. CT to review the results. To access the conference call dial-in information, analysts should click here to register online at least 15 minutes before the start of the call. All other participants are asked to access the earnings webcast at https://inve
Second Quarter Fiscal 2024 versus 2023 Net new centers increased 5.6% to 1,059 total centers in 45 statesSystem-wide sales of $260.2 million increased 2.3%Total revenue of $59.9 million increased 1.3%Same-store sales increased 1.6%GAAP net income of $6.0 million increased 7.3%Adjusted net income of $7.3 million increased 4.0%Adjusted EBITDA of $20.6 million decreased 2.6% PLANO, Texas, Aug. 14, 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 13 and 26 weeks ended July 6, 2024. In a separate release today, European Wax Cen
PLANO, Texas, Aug. 01, 2024 (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 second quarter fiscal year 2024 financial results before the market opens on Wednesday, August 14, 2024. Following the release, the company's management will host a conference call at 8:00 a.m. ET/7:00 a.m. CT to review the results. To access the conference call dial-in information, analysts should click here to register online at least 15 minutes before the start of the call. All other participants are asked to access the earnings webcast at https://in
Reiterates fiscal 2024 outlook Announces $50 million share repurchase program First Quarter Fiscal 2024 versus 2023 Net new centers increased 7.5% to 1,051 total centers in 45 statesSystem-wide sales of $221.4 million increased 1.3%Total revenue of $51.9 million increased 4.0%Same-store sales decreased 1.2%GAAP net income of $3.7 million and Adjusted net income of $4.8 millionAdjusted EBITDA of $17.5 million increased 7.4% PLANO, Texas, May 15, 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 13 weeks ended April 6, 2024.
PLANO, Texas, May 01, 2024 (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 year 2024 financial results before the market opens on Wednesday, May 15, 2024. Following the release, the company's management will host a conference call at 8:00 a.m. ET/7:00 a.m. CT to review the results. To access the conference call dial-in information, analysts should click here to register online at least 15 minutes before the start of the call. All other participants are asked to access the earnings webcast at https://investors
PLANO, Texas, Feb. 21, 2024 (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 fourth quarter and fiscal year 2023 financial results before the market opens on Wednesday, March 6, 2024. Following the release, the Company's management will host a conference call at 8:00 a.m. ET/7:00 a.m. CT to review the results. To access the conference call dial-in information, analysts should click here to register online at least 15 minutes before the start of the call. All other participants are asked to access the earnings webcast at https://in
PLANO, Texas, Oct. 25, 2023 (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 third quarter fiscal 2023 financial results before the market opens on Wednesday, November 8, 2023. Following the release, the company's management will host a conference call at 8:00 a.m. ET/7:00 a.m. CT to review the results. To access the conference call dial-in information, analysts should click here to register online at least 15 minutes before the start of the call. All other participants are asked to access the earnings webcast at https://investors
PLANO, Texas, July 26, 2023 (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 second quarter fiscal 2023 financial results before the market opens on Wednesday, August 9, 2023. Following the release, the company's management will host a conference call at 8:00 a.m. ET/7:00 a.m. CT to review the results. To access the conference call dial-in information, analysts should click here to register online at least 15 minutes before the start of the call. All other participants are asked to access the earnings webcast at https://investors.
Reported figures in U.S. Dollars Achieved 29% YoY Revenue Growth, Nearly 100% From Existing Core Business Toronto, Ontario, April 27, 2023 (GLOBE NEWSWIRE) -- MiniLuxe Holding Corp. (TSXV:MNLX) today announced its financial results for the 53 weeks ended January 1, 2023 ("FY2022"). The fiscal year of MiniLuxe is a 52-week reporting cycle ending on the Sunday closest to December 31, which periodically necessitates a fiscal year of 53 weeks. FY2022 consisted of a 53-week period while all other fiscal years referred to in this release consist of 52-week periods. Unless otherwise specified, all amounts are reported in U.S. dollars. MiniLuxe is pleased to announce robust double-digit grow