secwatch.observer — SEC 8-K summary
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Issuer:     European Wax Center, Inc. (EWCZ)
CIK:        0001856236
Form:       8-K
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0000950170-23-000525
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

European Wax Center beats fiscal 2022 guidance on center openings and system-wide sales
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- Preliminary 2022: 91 net new center openings vs. guidance of 88-90.
- System-wide sales of $898.6M exceeded outlook of $885-895M.
- Expects total revenue and same-store sales (approx. 9.5%) above prior high end.
- Adjusted EBITDA expected at high end of $70-71M; adjusted net income at high end of $27.5-28.5M.
- Repurchased ~700K shares for $10M in Q4; $30M remains under buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856236/000095017023000525/0000950170-23-000525-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856236/000095017023000525/ewcz-20230109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000525

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