secwatch.observer — SEC 8-K summary
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Issuer:     European Wax Center, Inc. (EWCZ)
CIK:        0001856236
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0000950170-23-060624
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856236/000095017023060624/0000950170-23-060624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856236/000095017023060624/ewcz-20231108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-060624

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