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, 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.
European Wax Center (NASDAQ: EWCZ), the leading franchisor of out-of-home waxing services in the U.S., has announced a partnership with Tweezerman to enhance their waxing services. This collaboration aims to improve in-center experiences by incorporating Tweezerman's high-quality tools, especially for precise hair removal. European Wax Center is renowned for its Comfort Wax® and its expert-trained staff, serving 893 centers across 45 states. By integrating Tweezerman's tools, they aim to elevate the guest experience and ensure superior results in hair removal.
European Wax Center (EWCZ) reports robust financial results for Q2 FY2022, with system-wide sales increasing by 5.7% to $231.1 million and total revenue rising 11.4% to $53.4 million. Same-store sales grew 6.7%, while net income fell to $2.0 million from $7.7 million last year. The company opened 19 new centers, bringing the total to 893 centers, and raised full-year net new center openings guidance to between 83 to 85. Despite inflation concerns, EWCZ remains confident in its customer retention and market position.
European Wax Center, Inc. (NASDAQ: EWCZ) announced it will report its second quarter fiscal 2022 financial results after market close on August 4, 2022. Management will hold a conference call at 5:00 p.m. ET to discuss the results. The company operates as the largest franchisor of waxing services in the U.S., with 874 centers across 44 states as of March 26, 2022. European Wax Center is known for its innovative Comfort Wax and a full range of proprietary products enhancing the waxing experience.
European Wax Center (NASDAQ: EWCZ), the leading franchisor of out-of-home waxing services in the U.S., announced management team participation in investor meetings at the Baird 2022 Global Consumer Conference on June 6-7, 2022, and the Jefferies Consumer Conference on June 21-22, 2022. Portfolio managers and analysts can request meetings through Baird and Jefferies representatives. European Wax Center, founded in 2004 and headquartered in Plano, Texas, operates 874 centers across 44 states as of March 26, 2022, offering a unique waxing experience with their proprietary Comfort Wax®.
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