secwatch.observer — SEC 8-K summary
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Issuer:     European Wax Center, Inc. (EWCZ)
CIK:        0001856236
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000950170-22-021921
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

European Wax Center Q3: revenue +12.3% to $55M, raises FY net new center outlook to 88-90, approves $40M buyback
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- System-wide sales $235.2M (+7.3% YoY); same-store sales +4.7%; net income $5.3M vs loss $9.3M prior year.
- Adjusted EBITDA $18.6M (+12.6%); Adjusted net income $6.7M vs $8.5M prior year.
- FY 2022 net new center openings raised to 88-90 from 83-85; total revenue guidance narrowed to $202-205M.
- Board approved a $40M share repurchase program, citing free cash flow and asset-light model.
- Ended Q3 with $41.6M cash, $399M senior secured notes outstanding; no revolver borrowings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856236/000095017022021921/0000950170-22-021921-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856236/000095017022021921/ewcz-20221103.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-021921

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