Highest-materiality recent filing
European Wax Center completes take-private by General Atlantic at $5.80/share; stock delisted
General Atlantic acquires all outstanding shares for $5.80 cash each; implied enterprise value ~$640M.
EWCZ stockholders approve merger with Glow Midco; close expected May 8, 2026
Statutory merger approval: 41,008,435 for, 5,122,714 against, 354,769 abstain.
European Wax Center reports Q4 net loss of $1.5M; FY revenue down 4.7% to $206.6M
Q4 net loss $1.5M vs net income $3.1M in prior year; total revenue $45.1M down 9.3%.
European Wax Center to be acquired by General Atlantic for $5.80/share in all-cash deal
Class A stockholders to receive $5.80 per share in cash; Class B holders receive $0.00001/share.
European Wax Center tightens FY2025 outlook; net center closings improve to 20
Net center closings of 20 (prior 23-28); 11 gross openings and 31 closures in fiscal 2025.
European Wax Center Q3 net income up 164% to $5.4M; same-store sales +0.2%
Total revenue $54.2M, down 2.2% YoY; system-wide sales $238.2M, down 0.8%.
European Wax Center CAO/GC/Corp Sec O'Connor to resign effective Nov 7, 2025
Chief Administrative Officer, General Counsel and Corporate Secretary Gavin M. O'Connor resigns effective November 7, 2025.
Board member David P. Berg resigns from European Wax Center board
David P. Berg resigned from the Board effective September 10, 2025.
Total revenue $55.9M decreased 6.6% YoY; same-store sales +0.3%.
Angela Jaskolski named COO effective Aug 18, 2025; will oversee Franchise Ops, Field Training, Learning & Development.
Alexa Bartlett elected with 31,228,499 votes for and 10,049,015 withheld; Julia Hunter with 40,590,602 for and 686,912 withheld.
EWCZ Q1 revenue $51.4M (-0.9% YoY), adj. EBITDA $18.8M (+7.2%); reiterates FY outlook
System-wide sales $225.9M (+2.1%); same-store sales +0.7%; total centers 1,062 (+1% YoY).
European Wax Center adopts 2025 Inducement Plan reserving 4M shares for new hires
Board approved 2025 Inducement Plan on March 21, 2025.
EWCZ Q4 rev $49.7M, FY25 guides 28-50 net center closures; new CFO Kim appointed
Q4 total revenue $49.7M (-11.7% YoY, 14 vs 13 wks); same-store sales +0.7% on 13-wk basis.
FY2024 net new center openings 23 (guidance 17-22); system-wide sales guidance raised to $947-950M.
Issued 300,000 restricted shares of Class A common stock to Dolabra Holdings for professional services.
European Wax Center appoints Chris Morris as CEO and Chairman, effective Jan 8, 2025
Chris Morris, former Dave & Buster's CEO, succeeds David Berg; Berg stays on board.
EWCZ Q3 net income down 50.7%; reiterates FY24 financial outlook, cuts net new centers forecast
Q3 revenue $55.4M (-0.5% YoY); GAAP net income $2.0M (-50.7%); adjusted net income $5.5M (-8.2%).
European Wax Center Q3 net income falls 50.7%; cuts net new center outlook
Total revenue of $55.4M decreased 0.5% YoY; same-store sales down 0.5%.
European Wax Center CCO Andrea Wasserman departs; separation agreement provides 12 months salary
Andrea Wasserman departed as Chief Commercial Officer effective September 16, 2024.
Former CEO David Willis resigns from European Wax Center board; receives 18-month salary severance
David Willis resigned from the board effective August 15, 2024, following his earlier departure as CEO.
CEO David Willis departs, David Berg returns as CEO; Q2 net income up 7.3% but guidance slashed
David Willis stepped down as CEO on Aug 12, 2024; replaced by Executive Chair David Berg, who was CEO from 2018-2023.
European Wax Center appoints Julia Hunter to board, replacing Shaw Joseph
Shaw Joseph resigned from board effective Aug 1, 2024; not due to any disagreement with the company.
European Wax Center announces annual meeting voting results; Crawford sees 18.6M withhold votes
Director David Berg elected with 52,462,987 for; 1,623,461 withhold; 3,472,704 broker non-votes.
Revenue $51.9M (+4.0% YoY); same-store sales -1.2%; system-wide sales $221.4M (+1.3%).
European Wax Center FY2023 revenue +6.6% to $221M; FY2024 guidance sees system-wide sales >$1B
Ended FY2023 with 1,044 centers (+10.6% YoY); opened 100 net new centers, all by existing franchisees.
European Wax Center Q3 net income down 20.7%; cuts FY2023 guidance on transaction weakness
GAAP net income of $4.2M vs $5.3M YoY; adjusted net income $6.1M vs $6.7M.
David Berg to step down as CEO and become Executive Chairman, with annual base salary reduced to $100,000.
EWCZ stockholders approve officer liability amendment; elect directors
Stockholders approved charter amendment to limit monetary liability of officers for breach of duty of care (42.8M for, 2.4M against, 2.95M abstain).
European Wax Center appoints Andrea Wasserman as first Chief Commercial Officer
Andrea Wasserman appointed CCO effective May 30, 2023; a newly created role.
European Wax Center Q1 net loss $1.1M; same-store sales up 4.5%, reiterates FY2023 outlook
Net loss $1.1M vs net income $4.0M prior year; adjusted net income $3.4M vs $8.6M.
European Wax Center reports record FY2022 revenue; names new CFO and President
Total revenue $207.4M (+16.0% YoY); same-store sales +10.4%; GAAP net income $13.6M vs $4.0M.
Board approved Severance Plan for CEO David P. Berg and CFO/COO David L. Willis, with enhanced benefits upon change in control (2.5x salary+bonus for CEO, 2x for CFO).
European Wax Center beats fiscal 2022 guidance on center openings and system-wide sales
Preliminary 2022: 91 net new center openings vs. guidance of 88-90.
System-wide sales $235.2M (+7.3% YoY); same-store sales +4.7%; net income $5.3M vs loss $9.3M prior year.
Total revenue $53.4M (+11.4% YoY); same-store sales +6.7%; system-wide sales $231.1M (+5.7%).
European Wax Center annual meeting elects two Class I directors, ratifies Deloitte as auditor
Alexa Bartlett and Shaw Joseph elected as Class I directors for three-year terms.
European Wax Center announces secondary offering of 5.175M shares at $21.50 by selling stockholders
Initial offering of 4,500,000 shares priced at $21.50 per share by selling stockholders.
Selling stockholders, including General Atlantic affiliates, offer 4.5M shares of Class A common stock.
European Wax Center Q1 revenue $45.4M (+23.9%); raises FY2022 outlook; $3.30 special dividend
Q1 revenue $45.4M (+23.9%), same-store sales +29.0%; net income $4.0M vs $1.1M prior year.
European Wax Center declares $3.30/share special dividend via securitization
Special cash dividend of $3.30 per Class A share payable May 6, 2022 to holders of record April 22, 2022.
Issued $400M Series 2022-1 Class A-2 Fixed Rate Notes at 5.5% due 2027; $40M variable funding facility undrawn except ~$5.6M letter of credit.
European Wax Center prices $400M 5.50% senior secured notes; sets special dividend
$400M Series 2022-1 Class A-2 Fixed Rate Senior Secured Notes at 5.50%, 5-year term; $40M variable funding facility undrawn.
European Wax Center Q4 revenue $45.1M (+53.8% YoY); plans $440M securitization for special dividend
Q4 revenue $45.1M (+53.8% vs 2020, +35% vs 2019); GAAP net income $4.4M vs loss of $4.5M in 2020.
European Wax Center appoints COO David Willis as CFO; updates FY2021 guidance
David Willis, current COO, appointed CFO effective Jan 12, 2022; retains COO role.
European Wax Center ends FY2021 with 853 centers, deepest pipeline of 330+ locations
Added 57 net new centers in FY2021, nearly all opened by existing franchisees.
European Wax Center appoints Nital Scott to board; board expands to seven members
Board increased from six to seven members; Scott elected as Class II director through 2023 annual meeting.
Initial offering of 5,216,977 shares of Class A common stock at $26.25 per share, including 2,851,617 from selling stockholders.
European Wax Center launches public offering of 5.2M shares; selling stockholders also participate
Offering of 5,216,977 Class A shares (2,851,617 from GA-affiliated selling stockholders; Company offers remainder).
European Wax Center Q3 revenue $49M (+20% vs 2019); raises FY2021 outlook
Same-store sales +10.6% vs Q3 2019; system-wide sales $219.1M (+21.3% vs 2019).
each of the members of the board of directors of the Company as of immediately prior to the Effective Time ceased his or her respective service as a director of the Company
the officers of Merger Sub Inc. became the officers of the Surviving Corporation
the directors of Merger Sub Inc. became the directors of the Surviving Corporation
In connection with Mr. Kim’s appointment as the Company’s Chief Financial Officer, the Company announced that Stacie Shirley will depart from her position as Chief Financial Officer of the Company, effective as of the Effective Date.
On March 5, 2025, the Company appointed Thomas Kim as Chief Financial Officer of the Company, effective April 7, 2025 or such earlier date that may be mutually agreed by the parties (the “Effective Date”).
On September 19, 2024, the Company announced that Andrea Wasserman departed from her position as Chief Commercial Officer of the Company, effective September 16, 2024.
On August 15, 2024, David Willis resigned from the board of directors (the “Board”) of European Wax Center, Inc. (the “Company”), effective August 15, 2024.
David Willis departed from his position as Chief Executive Officer of the Company, effective August 12, 2024.
David Berg, who has served the Company as Executive Chair since 2023 and previously served as the Company’s Chief Executive Officer, assumed the role of Chief Executive Officer effective as of August 12, 2024.
On August 1, 2024, Shaw Joseph notified European Wax Center, Inc. (the “Company”) that he would be resigning from the Company’s Board of Directors (“the Board”), effective immediately.
Following Mr. Joseph’s resignation, on August 1, 2024, the Board appointed Julia Hunter as a director of the Company to fill the vacancy on the Board, effective immediately.
As of such date, Mr. Berg will remain an employee of the Company and will assume the position of Executive Chair of the Company’s Board of Directors (the “Board”).
Max materiality 0.90 · Median 0.68 · Most common event earnings