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News  ›  GlobeNewswire Inc.

European Wax Center, Inc. Provides Update Ahead of the 2026 ICR Conference

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
European Wax Center, Inc. Provides Update Ahead of the 2026 ICR Conference

European Wax Center, Inc. (NASDAQ: EWCZ) reported 20 net center closings in fiscal 2025, below its previous guidance of 23-28 closings, driven by timing of planned closures and progress on strategic initiatives. The company raised its fiscal 2025 financial outlook across key metrics including system-wide sales ($945-948M vs. $940-950M), total revenue ($206-208M vs. $205-209M), and adjusted EBITDA ($72-74M vs. $69-71M). Same-store sales guidance was narrowed to 0.1-0.3% growth.

Insights
QQQ   neutral

Tech sector performance closely tied to Nvidia's earnings report


EWCZ   positive

The company beat expectations on net center closings (20 vs. 23-28 guidance) and raised its fiscal 2025 financial outlook across multiple metrics including revenue, system-wide sales, and adjusted EBITDA. Management expressed confidence in progress on strategic initiatives and the company's foundation for 2026, indicating operational improvements and better-than-expected performance.