secwatch.observer — SEC 8-K summary
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Issuer:     European Wax Center, Inc. (EWCZ)
CIK:        0001856236
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0000950170-23-006808
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

European Wax Center reports record FY2022 revenue; names new CFO and President
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856236/000095017023006808/0000950170-23-006808-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856236/000095017023006808/ewcz-20230306.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-006808

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer