earnings
confidence high
sentiment neutral
materiality 0.70
EWCZ Q1 revenue $51.4M (-0.9% YoY), adj. EBITDA $18.8M (+7.2%); reiterates FY outlook
European Wax Center, Inc.
- System-wide sales $225.9M (+2.1%); same-store sales +0.7%; total centers 1,062 (+1% YoY).
- GAAP net income $2.6M (-29.7%); Adjusted Net Income $9.5M (+10.3%) under revised definition.
- Adjusted EBITDA $18.8M (+7.2%), margin 36.5% vs 33.7%; reiterates FY25 adj. EBITDA $69-71M.
- Repurchased ~0.2M shares for $1.1M; cumulative buybacks $41.2M of $50M authorization.