European Wax Center Continues to Climb in Franchise Times' Top 400 Ranking

(Neutral)

Rhea-AI Summary

European Wax Center, Inc. (NASDAQ: EWCZ) has climbed 11 spots to secure the No. 80 position in Franchise Times' Top 400 Ranking of the largest U.S.-based franchise systems by global systemwide sales. As the largest and fastest-growing franchisor of out-of-home waxing services in the United States, European Wax Center's improved ranking reflects its continued growth and success in the franchise industry.

CEO David Berg attributes this achievement to the dedication of their franchise partners and emphasizes the company's commitment to providing comprehensive support. European Wax Center remains focused on expanding its nationwide footprint, enhancing customer experience, and driving financial performance for franchisees as part of its strategy to deliver sustainable growth and value for shareholders.

Positive

Improved ranking in Franchise Times' Top 400, moving up 11 spots to No. 80
Recognition as the largest and fastest-growing franchisor in the out-of-home waxing services sector
Focus on expanding nationwide footprint and enhancing customer experience
Commitment to driving financial performance for franchisees

Negative

None.

News Market Reaction – EWCZ

+3.90%

+3.90% Session move

In the trading session that priced this news, EWCZ gained 3.90%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

10/16/2024 - 08:00 AM

The category leader in out-of-home waxing rises 11 spots in annual ranking of franchises

PLANO, Texas, Oct. 16, 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 proud to be recognized for another year in Franchise Times' Top 400 Ranking. European Wax Center moved up 11 spots, securing the No. 80 position out of 400 in the exclusive annual ranking of the largest U.S.-based franchise systems by global systemwide sales.

Franchise Times Top 400 ranks the country's biggest brands and shows sales gains across leading franchise segments. The list is the culmination of a five-month research and reporting effort each year that results in the most credible and objective franchise ranking available. The full ranking list is currently available on FranchiseTimes.com and featured in the current October issue of Franchise Times.

"We are honored to return to Franchise Times' ranking of top U.S. franchises, this year at an elevated spot on the coveted list," said David Berg, CEO of European Wax Center. "This recognition would not be possible without the dedication of our franchise partners who play a crucial role in our growth. We only succeed when they do, and we are committed to providing them with ongoing, comprehensive, and results-driven support."

European Wax Center remains focused on expanding its nationwide footprint, enhancing the customer experience, and driving financial performance for franchisees, all of which are key pillars of the company's strategy as it continues to deliver sustainable growth and value for shareholders.

To learn more about opening a European Wax Center franchise, please visit https://waxcenter.com/pages/ewc-franchise-page.

About European Wax Center, Inc.

European Wax Center, Inc. (NASDAQ: EWCZ) is the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States. European Wax Center locations perform more than 23 million services per year, providing guests with an unparalleled, professional personal care experience administered by highly trained wax specialists within the privacy of clean, individual waxing suites. The Company continues to revolutionize the waxing industry with its innovative Comfort Wax® formulated with the highest quality ingredients to make waxing a more efficient and relatively painless experience, along with its collection of proprietary products to help enhance and extend waxing results. By leading with its values – We Care About Each Other, We Do the Right Thing, We Delight Our Guests, and We Have Fun While Being Awesome – the Company is proud to be Certified™ by Great Place to Work®. European Wax Center, Inc. was founded in 2004 and is headquartered in Plano, Texas. Its network, which now includes more than 1,000 centers in 45 states, generated sales of $955 million in fiscal 2023. For more information, including how to receive your first wax free, please visit: https://waxcenter.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/european-wax-center-continues-to-climb-in-franchise-times-top-400-ranking-302277310.html

SOURCE European Wax Center

FAQ

What is European Wax Center's new ranking in the Franchise Times' Top 400?

European Wax Center has moved up 11 spots to secure the No. 80 position out of 400 in the Franchise Times' Top 400 Ranking.

How does European Wax Center (EWCZ) plan to continue its growth?

European Wax Center plans to continue its growth by expanding its nationwide footprint, enhancing the customer experience, and driving financial performance for franchisees.

What factors contributed to European Wax Center's (EWCZ) improved ranking in 2024?

European Wax Center's improved ranking is attributed to its position as the largest and fastest-growing franchisor of out-of-home waxing services in the U.S., as well as the dedication of its franchise partners.

What is European Wax Center's (EWCZ) strategy for delivering value to shareholders?

European Wax Center's strategy for delivering value to shareholders focuses on sustainable growth through expanding its nationwide footprint, enhancing customer experience, and driving financial performance for franchisees.