8-K
filed March 9, 2023, 6:59 PM ET
ticker EWCZ
CIK 0001856236
other material
confidence high
sentiment positive
materiality 0.80
European Wax Center reports record FY2022 revenue; names new CFO and President
European Wax Center, Inc.
- Total revenue $207.4M (+16.0% YoY); same-store sales +10.4%; GAAP net income $13.6M vs $4.0M.
- Adjusted EBITDA $71.6M (+11.7%); adjusted net income $71.5M vs $29.7M prior year.
- FY2023 outlook: net new centers 95-100; total revenue $222-$229M; adjusted EBITDA $77-$80M.
- Stacie Shirley appointed CFO effective Mar 27, 2023; receives equity award with $0.6M grant-date fair value.
- David Willis promoted to President while retaining COO role; oversaw CFO transition.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
European Wax Center, Inc. reported Fiscal 2023 results: revenue $222 million to $229 million. Guidance initiated.
- Period
- Fiscal 2023
- Revenue
- $222 million to $229 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Fiscal 2023 Outlook (1) Fiscal 2023 Outlook New Center Openings, Net 95 to 100 System-Wide Sales $965 million to $990 million Total Revenue $222 million to $229 million Same-Store Sales Mid-Single Digits Adjusted Net Income (2) $22 million to $24.5 million Adjusted EBITDA $77 million to $80 million —————————————— (1) Fiscal 2022 and Fiscal 2023 each include a 53rd week in the fourth quarter.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
European Wax Center, Inc. reported the 14 weeks ended December 31, 2022 results: revenue $53.5 million, net income $2.3 million.
- Period
- the 14 weeks ended December 31, 2022
- Revenue
- $53.5 million
- Net income
- $2.3 million
- Result
- reported results
Exact text from the filing
Total revenue of $53.5 million increased 18.7% from $45.1 million in the prior year period.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
European Wax Center, Inc. reported the 53 weeks ended December 31, 2022 results: revenue $207.4 million, net income $13.6 million.
- Period
- the 53 weeks ended December 31, 2022
- Revenue
- $207.4 million
- Net income
- $13.6 million
- Result
- reported results
Exact text from the filing
Total revenue of $207.4 million increased 16.0% from $178.7 million in the prior year.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stacie Shirley was appointed as Chief Financial Officer at European Wax Center, Inc..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
the Company announced the appointment of Stacie Shirley, age 54, as Chief Financial Officer (“CFO”) of the Company effective March 27, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Willis changed role as President at European Wax Center, Inc..
- Action
- promoted
- Role
- President
Exact text from the filing
the Company announced the promotion of David Willis as President of the Company, effective March 27, 2023.
View on SEC.gov
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