secwatch.observer — SEC 8-K summary
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Issuer:     European Wax Center, Inc. (EWCZ)
CIK:        0001856236
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0000950170-24-126711
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

European Wax Center Q3 net income falls 50.7%; cuts net new center outlook
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- Total revenue of $55.4M decreased 0.5% YoY; same-store sales down 0.5%.
- GAAP net income of $2.0M, down 50.7%; adjusted EBITDA of $18.4M, down 4.4%.
- Reiterates FY2024 revenue outlook $216M-$221M; adjusted EBITDA $70M-$74M.
- Lowers FY2024 net new center openings forecast to 17-22 from previously 27-32.
- Repurchased $20.1M of Class A common stock during Q3; cumulative $30.1M under $50M authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856236/000095017024126711/0000950170-24-126711-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856236/000095017024126711/ewcz-20241114.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-126711

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