European Wax Center Q2 revenue down 6.6%, adjusted EBITDA up 4.7%; lowers FY 2025 revenue and SSS guidance

European Wax Center, Inc.

Total revenue $55.9M decreased 6.6% YoY; same-store sales +0.3%.
GAAP net income $5.4M (-9.0%); Adjusted Net Income $11.8M (+5.6%).
Adjusted EBITDA $21.6M (+4.7%); margin 38.7% vs 34.5%.
System-wide sales $257.6M (-1.0%); 1,059 centers flat YoY.
FY 2025 outlook: total revenue lowered to $205-209M from $210-214M; SSS guidance narrowed to 0.0-1.0%.

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