European Wax Center, Inc. Stock Price, News & Analysis

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.

European Wax Center (NASDAQ: EWCZ) announced its upcoming participation in the BofA Securities 2025 Consumer and Retail Conference in Miami, Florida. The company's management team will engage in a fireside chat on March 12, 2025, at 9:40 AM EST.

As the leading franchisor and operator of out-of-home waxing services in the United States, EWCZ operates a network of over 1,000 centers across 45 states. The company's locations perform more than 23 million services annually, utilizing their innovative Comfort Wax® formulation. European Wax Center generated sales of $955 million in fiscal 2023.

European Wax Center (NASDAQ: EWCZ), the leading U.S. franchisor of out-of-home waxing services, will release its Q4 and fiscal year 2024 financial results on March 11, 2025, before market opening. Management will host a conference call at 8:00 a.m. ET to discuss the results.

The company operates over 1,000 centers across 45 states and performed more than 23 million services annually. Their network generated sales of $955 million in fiscal 2023. European Wax Center specializes in professional waxing services using their proprietary Comfort Wax® formulation, delivered by trained specialists in private waxing suites.

European Wax Center (NASDAQ: EWCZ), the leading franchisor of out-of-home waxing services in the United States, hosted an exclusive Galentine's Day Celebration featuring Bravo TV Celebrity Ciara Miller at one of its 85 New York locations. The event showcased the company's Valentine's Day waxing services and products, offering complimentary waxing sessions, skincare tips, and product demonstrations.

The company reports high demand for waxing services during Valentine's week, with over 50% of bookings focused on Brazilian/Bikini services. As a promotional initiative, new guests can receive a free Hanky Panky Signature Thong when purchasing any Wax Pass.

European Wax Center (NASDAQ: EWCZ) has been ranked #1 in the waxing category on Entrepreneur's Franchise 500® list for the fourth consecutive year. The company secured the 62nd position overall among 500 franchises, recognized for its outstanding performance in unit growth, financial strength, stability, and brand power.

As the largest provider of waxing services in the United States, European Wax Center operates more than 1,000 locations nationwide. The company has recently expanded its service portfolio to include Eyebrow Tint and laser hair removal in specific markets. The ranking is based on an analysis of over 150 data points, including costs and fees, size and growth, support, brand strength, and financial health.

European Wax Center (NASDAQ: EWCZ) provided updates on its fiscal 2024 performance, reporting 23 net new center openings, exceeding their previous guidance of 17-22. The company achieved this through 43 gross new openings and 20 closures.

The company revised its fiscal 2024 outlook, projecting system-wide sales of $947-950 million and same-store sales growth of 0.0% to 0.2%. They maintained their previous guidance for total revenue ($216-221 million), Adjusted Net Income ($19-22 million), and Adjusted EBITDA ($70-74 million).

During Q4, EWCZ repurchased approximately 1.6 million shares for $10.0 million, bringing total buybacks to $40.1 million of the authorized $50.0 million program. The company noted strong fourth quarter Wax Pass sales and continued guest loyalty, with final audited results expected in March 2025.

European Wax Center (NASDAQ: EWCZ), the leading franchisor of out-of-home waxing services in the US, announced its management team will participate in meetings with institutional investors at the 2025 ICR Conference in Orlando, Florida on January 13, 2025.

The company operates over 1,000 centers across 45 states, performing more than 23 million services annually. Their proprietary Comfort Wax® formula and suite of products are designed to enhance waxing results. The company generated sales of $955 million in fiscal 2023.