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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect European Wax Center's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of European Wax Center's position in the market.
Rhea-AI Summary
European Wax Center, Inc. (NASDAQ: EWCZ) reports strong unit growth in fiscal 2023, with 100 net new center openings, exceeding previous expectations. The company also expects its fiscal 2023 financial results to meet or exceed previous outlook, with system-wide sales, total revenue, and same-store sales all showing positive trends. Additionally, the company has been actively repurchasing shares under its share repurchase program, demonstrating confidence in its financial position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.15%
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Rhea-AI Summary
European Wax Center, Inc. (NASDAQ: EWCZ) management team to participate in the ICR Conference 2024 in Orlando, Florida. Fireside chat scheduled for January 8, 2024, at 9:00am EST. Webcast link available at https://investors.waxcenter.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.3%
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Rhea-AI Summary
European Wax Center, Inc. (NASDAQ: EWCZ) to host investor meetings and fireside chat at Morgan Stanley Global Consumer & Retail Conference on December 5, 2023.
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Rhea-AI Sentiment
End-of-Day
0.85%
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Rhea-AI Summary
European Wax Center, Inc. (NASDAQ: EWCZ) reports Q3 fiscal 2023 results, with net new centers up 12.6% to 1,026 total centers in 45 states. System-wide sales increased 2.4% to $240.7 million, while total revenue increased 1.2% to $55.7 million. Same-store sales increased 3.4%. GAAP net income was $4.2 million, and Adjusted net income was $6.1 million. Adjusted EBITDA was $19.3 million. The company updates its fiscal 2023 outlook, reflecting lower-than-expected transactions in Q3 and Q4, but still expecting meaningful organic new unit and top-line growth alongside stable Adjusted EBITDA margin.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.96%
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News
Rhea-AI Summary
European Wax Center, Inc. (NASDAQ: EWCZ) plans to report Q3 fiscal 2023 financial results on November 8, 2023. The company's management will host a conference call at 8:00 a.m. ET/7:00 a.m. CT to review the results. Analysts can register online for the conference call dial-in information. The earnings webcast will be available on the company's investor website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
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Rhea-AI Summary
European Wax Center ranked at No. 91 out of 400 in The Franchise Times Top 400, a ranking of the largest U.S.-based franchise systems by global systemwide sales. Combined annual sales at the largest U.S.-based franchisors increased by $26 billion or 3.8 percent last year.
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Rhea-AI Sentiment
End-of-Day
0.66%
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European Wax Center partners with Spongellé to revolutionize in-shower experience with new body buffers. The Spongellé for EWC TREAT® Get Smooth Skin Clearing Body Buffer will debut on October 1, 2023, offering gentle chemical and physical exfoliation. The buffer is pre-loaded with body wash and has a maximum use of 14+ times. The partnership aims to simplify routines without sacrificing quality. The Spongellé for EWC SLOW® Peppermint Body Buffer will also be available, formulated to slow hair regrowth. The TREAT® buffer retails for $18 and the SLOW® buffer for $16.50.
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Rhea-AI Sentiment
End-of-Day
-2.1%
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European Wax Center wins two Brandon Hall Group Gold awards for excellence in training programs.
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1.42%
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Rhea-AI Summary
European Wax Center releases 2022 ESG Report highlighting sustainability efforts
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1.94%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
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0.51%
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European Wax Center, Inc.
Nasdaq:EWCZ
EWCZ Rankings
EWCZ Stock Data
555.58M
34.99M
7.73%
105.91%
11.34%
Offices of Lawyers
Professional, Scientific, and Technical Services
United States of America
PLANO
About EWCZ
as one of the fastest growing lifestyle and beauty brands in america, european wax center (ewc) has quickly become the industry leader in revealing beautiful skin. founded by siblings dave and josh coba in 2004, ewc has redefined the waxing services category by delivering a consistent and luxurious guest experience across over 700 locations awarded in the us. the brand’s core vision is to help women feel like their most confident, beautiful selves every day. with an exclusive, all-natural comfort wax™ and the four steps to gorgeous™ treatment—cleanse, prepare, wax, rejuvenate—ewc makes helps women everywhere feel cared for, confident, and oh-la-la gorgeous from head to toe. for more information about european wax center, or for information about how you can further your career with the experts in eyebrows, visit waxcenter.com, or like us on facebook at facebook.com/europeanwax or twitter @europeanwax.