---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-060624"
form_type: "8-K"
ticker: "EWCZ"
cik: "0001856236"
company_name: "European Wax Center, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T10:57:52.865320+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# European Wax Center Q3 net income down 20.7%; cuts FY2023 guidance on transaction weakness

## Summary
- GAAP net income of $4.2M vs $5.3M YoY; adjusted net income $6.1M vs $6.7M.
- Total revenue $55.7M (+1.2%); same-store sales +3.4%.
- Adjusted EBITDA $19.3M (+3.4%); margin improved 80 bps to 34.6%.
- Opened 23 net new centers; total centers up 12.6% to 1,026.
- FY2023 outlook lowered: system-wide sales $945-955M, Adjusted EBITDA $74.5-76M.

## SEC filing metadata
- accession: 0000950170-23-060624
- form_type: 8-K
- ticker: EWCZ
- cik: 0001856236
- company_name: European Wax Center, Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856236/000095017023060624/0000950170-23-060624-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856236/000095017023060624/ewcz-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-060624
- JSON: https://secwatch.observer/filing/0000950170-23-060624.json
- Plain text: https://secwatch.observer/filing/0000950170-23-060624.txt

## Key facts
- Earnings Releases
  European Wax Center, Inc. reported 13 and 39 weeks ended September 30, 2023 results: revenue $55.7 million, net income $4.2 million. Guidance lowered.
  - Period: 13 and 39 weeks ended September 30, 2023
  - Revenue: $55.7 million
  - Net income: $4.2 million
  - Guidance: lowered
  - Result: reported results
  source text: Quarter Fiscal 2023 versus 2022 • Net new centers increased 12.6% to 1,026 total centers in 45 states • System-wide sales of $240.7 million increased 2.4% • Total revenue of $55.7 million increased 1.2% • Same-store sales increased 3.4% • GAAP net income of $4.2 million and Adjusted net income of $6.1 million • Adjusted EBITDA of $19.3 million Plano, TX, November
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856236/000095017023060624/0000950170-23-060624-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.