European Wax Center FY2023 revenue +6.6% to $221M; FY2024 guidance sees system-wide sales >$1B

European Wax Center, Inc.

Ended FY2023 with 1,044 centers (+10.6% YoY); opened 100 net new centers, all by existing franchisees.
System-wide sales $955.0M (+6.3%); same-store sales +2.9%; total revenue $221.0M (+6.6%).
GAAP net income $12.3M (-9.3% YoY); adjusted EBITDA $76.0M (+6.1%); adjusted net income $22.5M.
Completed $40M share repurchase program; spent $23.6M on buybacks in Q4 alone.
FY2024 outlook: 75-80 net new centers; total revenue $225M-$232M; adjusted EBITDA $75M-$80M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

European Wax Center, Inc. updated its the fiscal year ended January 6, 2024 guidance (initiated).

Period: the fiscal year ended January 6, 2024
Guidance: initiated
Result: reported results

Exact text from the filing

On March 6, 2024, European Wax Center, Inc. (the “Company”) issued the press release attached hereto as Exhibit 99.1 reporting its financial results for the fiscal year ended January 6, 2024.

View on SEC.gov

13 earnings releases filed in the last 30 days. Browse all earnings releases →

European Wax Center, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-026849

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.