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. (NASDAQ: EWCZ) is described as the leading franchisor and operator of out-of-home waxing services in the United States, and its news flow reflects both its consumer brand and its franchise-based growth model. Company announcements frequently highlight system-wide sales performance, total revenue, same-store sales trends, and center openings and closures across its network of more than 1,000 locations.
Investors and observers following EWCZ news can expect regular quarterly earnings releases that discuss financial results, non-GAAP measures such as Adjusted EBITDA and Adjusted Net Income, and updates to the company’s fiscal outlook. These releases often include commentary from leadership on strategic priorities, including driving traffic and sales growth, improving four-wall profitability for franchisees, and pursuing disciplined or thoughtful, profitable expansion of the center network.
European Wax Center’s news also covers executive leadership developments and governance updates, such as appointments of key executives and changes in board composition, which are sometimes accompanied by Form 8-K filings. In addition, the company issues product-related announcements, including launches within its proprietary EWC TREAT® line, such as the EWC TREAT® All Over Deodorant, which is positioned to complement its waxing services and extend results between visits.
Conference call and webcast notices appear regularly in the news stream, providing details on upcoming earnings calls and investor presentations. For anyone tracking EWCZ stock, this news page offers a centralized view of operational updates, financial guidance changes, leadership announcements, and product introductions that the company has chosen to disclose publicly.
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European Wax Center, Inc. (NASDAQ: EWCZ), the largest franchisor and operator of waxing services in the U.S., will report its first quarter fiscal 2023 financial results on May 10, 2023, before market opening. A conference call for analysis will follow at 8:00 a.m. ET. The company, founded in 2004 and headquartered in Plano, Texas, operates 944 centers across 45 states. In 2022, it generated nearly $900 million in sales, performing over 22 million waxing services annually. The company promotes its innovative Comfort Wax® and a proprietary product line enhancing waxing results. EWCZ is recognized for its corporate culture, being Certified™ by Great Place to Work®.
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European Wax Center (NASDAQ: EWCZ) announced recognition as one of the Fastest-Growing Franchises by Entrepreneur, ranking 30 out of 1,321. The 2023 ranking reflects franchise unit growth from July 2021 to July 2022. In 2022, EWCZ opened 91 net new centers, achieving a total of 944 centers across 45 states. The company generated
European Wax Center, Inc. (NASDAQ: EWCZ) announced significant leadership changes effective March 27, 2023. David Willis has been promoted to President while retaining his role as Chief Operating Officer. Stacie Shirley, previously CFO at Keller Williams, has been appointed as the new Chief Financial Officer. CEO David Berg emphasized the importance of these appointments for the Company's growth trajectory. European Wax Center operates over 944 centers across 45 states and generated nearly $900 million in sales in 2022, highlighting its leadership in the waxing services market.
European Wax Center, Inc. (NASDAQ: EWCZ) reported strong fiscal 2022 results, with total revenue increasing 16.0% to $207.4 million and system-wide sales growing 12.8% to $898.6 million. The company opened 91 new centers, expanding to 944 locations, and achieved a net income of $13.6 million. Looking ahead, EWCZ forecasts fiscal 2023 revenues between $222 million and $229 million, and plans to open 95-100 new centers. Same-store sales are projected to grow in the mid-single digits. Despite rising interest expenses, the company continues to demonstrate strong performance and growth potential in the highly fragmented waxing market.
European Wax Center (NASDAQ: EWCZ), a leading franchisor of waxing services in the U.S., has been Certified™ by Great Place to Work®. An impressive 91% of employees reported that it's a great workplace, 34% above the U.S. average. The recognition is attributed to the company's focus on core values, including care for associates and delivering exceptional guest experiences. EWCZ provides benefits such as healthcare, paid leave, and a robust diversity, equity, and inclusion initiative, alongside programs like Spot Bonus and a Fun Committee. In 2022, EWCZ generated nearly $900 million from 944 centers across 45 states.
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