secwatch.observer — SEC 8-K summary
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Issuer:     European Wax Center, Inc. (EWCZ)
CIK:        0001856236
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0000950170-24-026849
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856236/000095017024026849/0000950170-24-026849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856236/000095017024026849/ewcz-20240306.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-026849

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