secwatch.observer — SEC 8-K summary
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Issuer:     European Wax Center, Inc. (EWCZ)
CIK:        0001856236
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0000950170-21-003107
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

European Wax Center Q3 revenue $49M (+20% vs 2019); raises FY2021 outlook
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- Same-store sales +10.6% vs Q3 2019; system-wide sales $219.1M (+21.3% vs 2019).
- Adjusted EBITDA $16.5M (+39.3% vs 2019); Adjusted net income $8.5M vs loss in 2020.
- Raises FY21 revenue guidance to $175.5-$178.5M; net new openings target raised to 57.
- GAAP net loss $9.3M on IPO costs; cash $25.4M, $180M term loan new credit facility.
- IPO closed Aug 2021; net proceeds $155.4M; new $40M revolver undrawn.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856236/000095017021003107/0000950170-21-003107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856236/000095017021003107/ewcz-20211104.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-003107

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer