secwatch.observer — SEC 8-K summary
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Issuer:     European Wax Center, Inc. (EWCZ)
CIK:        0001856236
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000950170-23-019997
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

European Wax Center Q1 net loss $1.1M; same-store sales up 4.5%, reiterates FY2023 outlook
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- Net loss $1.1M vs net income $4.0M prior year; adjusted net income $3.4M vs $8.6M.
- Total revenue $49.9M (+9.8% YoY); system-wide sales $218.4M (+5.5%).
- Opened 34 net new centers, ending with 978 centers (11.9% YoY increase).
- Same-store sales increased 4.5%; adjusted EBITDA $16.3M (+7.5% YoY).
- Reiterated FY2023 outlook: 95-100 net new centers, total revenue $222M-$229M, adj. EBITDA $77M-$80M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856236/000095017023019997/0000950170-23-019997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856236/000095017023019997/ewcz-20230510.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-019997

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