earnings
confidence high
sentiment neutral
materiality 0.70
European Wax Center Q3 net income up 164% to $5.4M; same-store sales +0.2%
European Wax Center, Inc.
- Total revenue $54.2M, down 2.2% YoY; system-wide sales $238.2M, down 0.8%.
- Adjusted EBITDA $20.2M (+9.6% YoY); Adjusted Net Income $10.7M (+14.2%).
- Ended Q3 with 1,053 centers (net -11 YoY); reiterated FY25 outlook: revenue $205-209M, Adj. EBITDA $69-71M.
- Repurchased 1.2M shares for $4.6M in Q3; cumulative buybacks at $45.9M of $50M authorization.