earnings
confidence high
sentiment positive
materiality 0.75
European Wax Center Q1 revenue $45.4M (+23.9%); raises FY2022 outlook; $3.30 special dividend
European Wax Center, Inc.
- Q1 revenue $45.4M (+23.9%), same-store sales +29.0%; net income $4.0M vs $1.1M prior year.
- Adjusted EBITDA $15.2M (+20.9%); opened 21 net new centers, total 874 centers.
- Completed debt refinancing: $400M Class A-2 Notes at 5.5% fixed, funded $3.30/share special dividend payable May 6.
- Raised FY2022 guidance: revenue $199-$209M (was $198-$208M), adj. EBITDA $69.5-$72.5M, adj. net income $24-$28.5M.