earnings
confidence high
sentiment positive
materiality 0.85
European Wax Center Q4 revenue $45.1M (+53.8% YoY); plans $440M securitization for special dividend
European Wax Center, Inc.
- Q4 revenue $45.1M (+53.8% vs 2020, +35% vs 2019); GAAP net income $4.4M vs loss of $4.5M in 2020.
- FY 2021 revenue $178.7M (+72.8% vs 2020); adjusted EBITDA $64.1M (+220.6% vs 2020).
- Announced $440M securitization to refinance debt & fund one-time special dividend; expected close Q2 2022.
- FY 2022 guidance: revenue $198-208M, adj. EBITDA $69-72M, net new centers 70-72, SSS high single digits.
- Opened 57 net new centers in FY 2021, ending with 853 centers (+7.2% vs 2020).