European Wax Center operates as a franchisor and operator of out-of-home waxing services in the United States. Company news has covered its waxing service categories, proprietary wax and skin-care product launches, brand partnerships, sponsorship activity, and operating updates tied to its center network and product sales.
European Wax Center also completed a take-private transaction by General Atlantic, after which its Class A common stock ceased trading and was no longer listed on the Nasdaq Stock Market. Subsequent reference coverage centers on the company's completed public-company transition, prior shareholder matters, and disclosures connected to the transaction.
European Wax Center (NASDAQ: EWCZ) announced that its management team will present at the ICR Conference 2022 on January 10, 2022, at 2:30 PM ET. A webcast link with slides will be available on the Company's Investor Relations website on the day of the event.
Founded in 2004, European Wax Center is a leading personal care franchise offering professional waxing services. The company aims to provide a premium experience through certified specialists and innovative products, operating 853 centers across the U.S. as of December 2021.
Wax Center Partners (WCP) has expanded to Las Vegas, Nevada, acquiring four European Wax Center locations. This growth brings WCP's total to 24 centers across California, Texas, and Nevada. The company, which launched in May 2021, focuses on enhancing guest experiences and aims for further growth through acquisitions and partnerships. Notable promotions include a First Wax Free offer and a Wax Pass Promo where guests can buy 9 services to get 3 free.
Nital Scott has been appointed as an Independent Director on the Board of European Wax Center (NASDAQ: EWCZ) as of November 29, 2021. With this addition, the board expands to seven members. Scott, currently the CFO of Beautycounter, contributed to a remarkable 12x revenue growth during her tenure. The leadership anticipates her retail expertise will support strategic goals, including new center openings and improved same-store sales. The board aims to enhance governance with high-quality independent members, emphasizing a strong growth trajectory.
European Wax Center (NASDAQ: EWCZ) has announced that its management team will participate in investor meetings and a fireside chat at the Morgan Stanley Virtual Global Consumer & Retail Conference on November 30, 2021, at 1:40 PM EST. This event will provide insights into the company's performance and future strategies. Investors can access the webcast live or as an archived replay via the company's Investor Relations website. European Wax Center is a leading personal care brand, known for its expert waxing services across 833 centers nationwide as of September 2021.
European Wax Center, Inc. (EWCZ) announced the pricing of a public offering of 5,216,977 shares of Class A common stock, priced at $26.25 per share. This includes shares from selling stockholders affiliated with General Atlantic, L.P. The public offering is set to close on November 15, 2021. EWC will use the proceeds to acquire non-voting common units in EWC Ventures, LLC, with the selling stockholders receiving all proceeds from their share sales. Underwriters include Morgan Stanley and BofA Securities, among others.
European Wax Center announced a public offering of 5,216,977 shares of its Class A common stock, with 2,851,617 shares offered by selling stockholders affiliated with General Atlantic, L.P. The proceeds will be used to purchase non-voting common units in EWC Ventures, LLC. The offering also includes a 30-day option for underwriters to buy an additional 782,547 shares. EWC will retain no net proceeds from the offering, as selling stockholders will receive all proceeds from their shares. Morgan Stanley, BofA Securities, and Jefferies are the underwriters for the offering.
European Wax Center (NASDAQ: EWCZ) reported robust Q3 fiscal 2021 results, highlighting a 60.0% increase in system-wide sales to $219.1 million and a 10.6% rise in same-store sales compared to Q3 fiscal 2019. Total revenue surged 61.0% to $49.0 million. Despite a GAAP net loss of $9.3 million, adjusted net income reached $8.5 million, a significant improvement from prior periods. The company announced an optimistic fiscal 2021 outlook, raising targets for revenue, adjusted net income, and new center openings.
European Wax Center has launched the EWC Rewards program and a new improved Guest App, enhancing customer experience. Available at over 800 centers nationwide, the rewards program allows guests to earn 1 point for each dollar spent, redeemable for $10 rewards with every 200 points. Guests can also earn additional rewards through referrals and during their birthday month. The new app supports features like QuickBook, self-check-in, and digital guest forms to promote a contactless environment.
Wax Center Partners (WCP) has opened a new European Wax Center location in San Leandro, CA, marking its 19th center in operation. The franchise, which has expanded from 11 to 19 centers in a few months, is led by a partnership between Stieber EWC and MKH Capital Partners. To celebrate the opening, WCP is offering a 'Buy 3 Get 1 Free Wax Pass' promotion until October 31, 2021, alongside discounts for new guests. WCP aims for further expansion through new developments and acquisitions.
European Wax Center (NASDAQ: EWCZ) announced it will report its third quarter fiscal 2021 earnings on November 4, 2021, after market close. An investor conference call will follow at 5:00 PM ET to discuss the financial results. The company, with over 800 locations, is recognized for its innovative Comfort Wax™ and commitment to providing high-quality waxing services. Interested investors can access the call via a dedicated phone line or online webcast, with replays available for a limited period.