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 recognized as the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States. Established in 2004 by Dave and Josh Coba, the company has redefined the waxing services industry by offering luxurious and consistent experiences across more than 1,000 locations in 45 states.
European Wax Center's mission centers on helping women feel confident and beautiful every day. This is achieved through the company's exclusive Comfort Wax® and the Four Steps to Gorgeous™ treatment, which includes cleansing, preparation, waxing, and rejuvenation. These treatments are designed to make waxing more efficient and relatively painless, using high-quality ingredients.
The company's impressive track record includes performing over 23 million services annually, generating sales close to $955 million in fiscal 2023. The brand's focus on guest experience and professional care is upheld by highly trained specialists who operate in clean, individual waxing suites. The company's innovative product line, including the award-winning EWC TREAT® Ingrown Hair Mist and Brightening Ingrown Hair Wipes, further enhances and extends waxing results.
European Wax Center's values drive its operations. These include caring for each other, doing the right thing, delighting guests, and having fun while being awesome. The company's commitment to these values has earned it the Great Place to Work® certification for two consecutive years, with 92% of associates affirming it as a great workplace.
Recent achievements include a fireside chat at the ICR Conference, significant fiscal 2023 results, and an outlook for continued growth in fiscal 2024. The company has also authorized a $50 million share repurchase program, illustrating confidence in its long-term strategy. For more details on the company's latest updates and how to receive your first wax free, visit their website.
European Wax Center (NASDAQ: EWCZ) plans to report its fourth quarter and fiscal year 2022 financial results on March 9, 2023, before market opens. A conference call hosted by management will occur at 8:00 a.m. ET to discuss the results. As of December 31, 2022, the company operates 944 centers across 45 states, reinforcing its position as the largest franchisor of waxing services in the U.S. The company boasts an innovative product line including the proprietary Comfort Wax® designed for an efficient and less painful waxing experience.
Wax Center Partners (NASDAQ: EWCZ) announced the opening of two new European Wax Centers in Northern California on
European Wax Center (NASDAQ: EWCZ) has been recognized in Entrepreneur's Franchise 500, ranking #32 overall and #1 in the waxing category. This acknowledgment reflects the company's unit growth, financial strength, and brand power. With over 900 centers across 45 states, EWC continues its expansion, enhancing guest experiences through partnerships with industry leaders like Tweezerman and Dreamfield Sports. The Franchise 500 ranking is based on more than 150 data points assessing costs, growth, support, and brand strength, affirming EWC as a strong franchise opportunity.
European Wax Center, Inc. (NASDAQ: EWCZ) reports strong preliminary fiscal 2022 results, achieving 91 net new center openings and system-wide sales of $898.6 million, surpassing previous estimates. The company anticipates fiscal 2022 total revenue exceeding $205 million, with same-store sales and adjusted net income also expected to be above earlier forecasts. CEO David Berg noted a 16% increase in Wax Pass sales, indicating strong customer engagement. A share repurchase program was enacted with around $30 million remaining. Audited results will be published in March 2023.
European Wax Center, Inc. (NASDAQ: EWCZ) announced participation in the ICR Conference 2023 on January 9-10, 2023, at the JW Marriott & Ritz-Carlton Resort in Orlando, Florida. Management will present at 12:30 PM EST on January 9, with an available webcast and presentation slides accessible on the company’s investor website. As the largest franchisor and operator of out-of-home waxing services in the U.S., European Wax Center continues to innovate in the waxing industry with its proprietary Comfort Wax® and 911 centers across 45 states.
European Wax Center (NASDAQ: EWCZ) will participate in the Morgan Stanley Global Consumer & Retail Conference on December 6, 2022. Management will host investor meetings and a fireside chat starting at 4:00 PM EST. Investors can access the webcast live or as a replay on the company’s Investor Relations website. EWCZ is the largest franchisor and operator of out-of-home waxing services in the U.S., with 911 centers across 45 states as of September 2022.
European Wax Center (NASDAQ: EWCZ) has opened its 65th location in the Los Angeles area, marking a significant expansion in the out-of-home waxing sector. The new center, located at Eastland Center in West Covina, California, opened on October 11, 2022. This center operates under a partnership between private equity group JEM Wellness Brands and franchisee Yvette Beaulieu. European Wax Center aims to provide a premium waxing experience using its signature Comfort Wax® and has a network of 911 centers across 45 states as of September 2022.
European Wax Center (NASDAQ: EWCZ) reported third quarter fiscal 2022 results, with system-wide sales of $235.2 million, up 7.3% from the previous year. Total revenue rose 12.3% to $55.0 million, and same-store sales increased 4.7%. The company narrowed its fiscal 2022 outlook, anticipating 88 to 90 new center openings and total revenue of $202 million to $205 million. A new $40 million share repurchase program was also announced, reflecting confidence in long-term shareholder value. Adjusted EBITDA for the quarter was $18.6 million, representing a 12.6% increase.
European Wax Center (NASDAQ: EWCZ) is set to release its third-quarter fiscal 2022 financial results on November 3, 2022, after market close. The company has grown to be the largest franchisor of out-of-home waxing services in the U.S., with 893 centers across 45 states as of June 25, 2022. Following the announcement, management will host a conference call at 5:00 p.m. ET to discuss the results. Investors can access the call and follow-up materials on their website. Founded in 2004, European Wax Center aims to provide a unique waxing experience through innovative Comfort Wax® and trained specialists.
European Wax Center (NASDAQ: EWCZ) has announced a partnership with Dreamfield Sports to collaborate with over 40 NCAA college athletes across multiple sports, including football and gymnastics. This partnership aims to boost confidence among athletes by promoting EWC's waxing services through their social media. The initiative recognizes the pressures college athletes face and seeks to enhance their self-esteem. European Wax Center operates 893 locations in 45 states and continues to lead in the out-of-home waxing industry, providing innovative services and products.
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