Welcome to our dedicated page for European Wax Center news (Ticker: EWCZ), a resource for investors and traders seeking the latest updates and insights on European Wax Center stock.
European Wax Center, Inc. (EWCZ) delivers professional waxing services through its nationwide network, leveraging a proven franchise model and proprietary Comfort Wax technology. This dedicated news hub provides investors and industry observers with essential updates on corporate developments and market performance.
Access timely press releases covering earnings reports, franchise expansions, product innovations, and strategic partnerships. Our curated collection ensures efficient tracking of financial filings, operational milestones, and leadership announcements from the beauty services leader.
Key updates include quarterly results analysis, new center openings, eyebrow service enhancements, and executive team changes. Bookmark this page for streamlined monitoring of EWCZ's growth in the competitive personal care sector, with all materials sourced directly from official corporate communications.
European Wax Center (NASDAQ: EWCZ), America's leading franchisor of out-of-home waxing services, will release its Q1 fiscal 2025 financial results on May 14, 2025, before market opening. Management will host a conference call at 8:00 a.m. ET to discuss the results.
The company stands as a dominant force in the waxing industry with:
- Over 1,000 centers across 45 states
- 23 million+ services performed annually
- $951 million in sales for fiscal 2024
- Proprietary Comfort Wax® formula
The company's success is built on core values including guest delight, team care, and ethical practices, earning them Great Place to Work® certification. Founded in 2004 and headquartered in Plano, Texas, European Wax Center provides professional waxing services in private, clean suites by trained specialists.
European Wax Center (NASDAQ: EWCZ), the leading U.S. franchisor of out-of-home waxing services, has announced equity grants for its new Chief Financial Officer Thomas Kim. The grants, effective April 7, 2025, include:
- 200,000 restricted stock units (RSUs) of Class A common stock
- 310,000 stock options at $3.51 exercise price
- 212,500 stock options at $9.00 exercise price
- 212,500 stock options at $12.00 exercise price
The RSUs will vest in equal installments over four years, while all stock options will fully vest on April 7, 2029. These grants were made under the company's 2025 Inducement Plan, specifically designed for new employees as per Nasdaq Rule 5635(c)(4).
European Wax Center (NASDAQ: EWCZ) has announced the launch of its new EWC SLOW® Face & Body Bi-Phase Moisturizer, expanding its SLOW product line. The dual-phase moisturizer, priced at $20, will be available through waxcenter.com and at European Wax Center locations from April 1, 2025.
The product features key ingredients including:
- Narcissus Bulb Extract to reduce hair thickness between waxes
- Aloe for skin soothing
- Hyaluronic Acid for multi-layer hydration
- Moringa Oil to restore skin's moisture barrier
The clinically tested formula provides 24-hour moisturization and aims to enhance the waxing experience by maintaining smoother-looking skin between treatments.
European Wax Center (NASDAQ: EWCZ) announced Board approval for equity grants to one new employee effective March 31, 2025. The grants include:
- 84,000 restricted stock units (RSUs) of Class A common stock
- 130,000 stock options at $3.95 exercise price
- 95,000 stock options at $9.00 exercise price
- 95,000 stock options at $12.00 exercise price
The RSUs will vest in equal installments over four years, while all stock options will fully vest on March 31, 2029. These grants were made under the company's 2025 Inducement Plan, specifically designed for new hires as per Nasdaq Rule 5635(c)(4).
European Wax Center (NASDAQ: EWCZ) has been recognized as one of America's Most Trusted Brands in 2025 by USA Today and Plant-A Insights Group. The recognition is based on a comprehensive study involving over 24,000 US consumers who provided 359,000 brand reviews across 40 industries.
As the leading franchisor and operator of out-of-home waxing services in the United States, European Wax Center operates more than 1,000 locations nationwide, offering waxing services, eyebrow tinting, and laser hair removal in select markets. The company, established in 2004, earned this distinction through consumer evaluations based on five vital brand trust categories.
CEO Chris Morris attributed this achievement to the company's franchisees and associates, emphasizing their dedication to customer service excellence and the trust millions of guests place in their services daily.
European Wax Center (NASDAQ: EWCZ) has achieved recognition as its EWC TREAT® Brightening Ingrown Hair Wipes won 'Best Ingrown Hair Treatment' at the 2025 NewBeauty Awards. This new product builds upon their twice-awarded Ingrown Hair Serum, featuring an enhanced formula designed to address skin discoloration.
The wipes are formulated with:
- Vitamin C, azelaic, kojic, and lactic acids for skin brightening
- Salicylic and glycolic acids for exfoliation
- Narcissus bulb extract to slow hair regrowth
Priced at $34.50, the product is available at all European Wax Center locations and through waxcenter.com. As the largest waxing services provider in the United States, the company recommends daily use for prevention or twice-daily application for treating existing breakouts.
European Wax Center (NASDAQ: EWCZ) announced equity grants to newly appointed Chief Commercial Officer Katie Mullen on March 21, 2025. The compensation package includes:
- 160,000 restricted stock units (RSUs) of Class A common stock
- 220,000 stock options at $3.99 exercise price
- 180,000 stock options at $9.00 exercise price
- 180,000 stock options at $12.00 exercise price
The RSUs will vest in equal installments over four years starting January 28, 2025, while all stock options will fully vest on January 28, 2029. These grants were made under the company's 2025 Inducement Plan, specifically designed for new employees as per Nasdaq Rule 5635(c)(4).
European Wax Center (NASDAQ: EWCZ) reported its Q4 and fiscal year 2024 results, showing mixed performance. System-wide sales reached $951.0 million, decreasing 0.4% year-over-year, but increased 1.2% on a 52-week basis. The company expanded to 1,067 total centers across 45 states, representing a 2.2% increase.
Key financial metrics for FY2024 include:
- Total revenue of $216.9 million (1.9% decrease)
- Same-store sales increased 0.2%
- GAAP net income of $14.7 million (21.9% increase)
- Adjusted Net Income of $25.6 million (15.2% increase)
- Adjusted EBITDA of $75.5 million (0.7% decrease)
For fiscal 2025, the company expects a transitional year with 10-12 new center openings and 40-60 center closures. The new CEO, Chris Morris, outlined priorities including developing a data-rich marketing engine, improving franchisee support infrastructure, and implementing a more sophisticated development approach focused on profitable expansion.
European Wax Center (NASDAQ: EWCZ), the leading U.S. franchisor of out-of-home waxing services, announced key leadership changes. Thomas Kim has been appointed as Chief Financial Officer, effective April 7, 2025, succeeding Stacie Shirley, who will transition to a strategic advisor role through April 30, 2025.
Kim brings extensive experience in finance and franchise operations, having previously served as CFO at Brinks Home and Smoothie King. The company also strengthened its executive team with two additional appointments: Katie Mullen as Chief Commercial Officer (effective March 5, 2025) and Chris Andrews as Chief Information and Digital Officer (effective March 31, 2025).
These strategic appointments aim to drive the company's marketing and digital transformations while focusing on returning the business to sustainable, long-term growth.
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