European Wax Center, Inc. Updates Earnings Guidance for the Fiscal Year 2024 (2024)

EUROPEAN WAX CENTER, INC.

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European Wax Center, Inc.

Equities

EWCZ

US29882P1066

Personal Services
Market Closed - Nasdaq

Other stock markets

04:00:00 2024-08-16 pm EDT
5-day change 1st Jan Change
5.950 USD +5.31% European Wax Center, Inc. Updates Earnings Guidance for the Fiscal Year 2024 (2) -17.70% -56.22%
Aug. 15 Citigroup Downgrades European Wax Center to Neutral, $5.50 Price Target MT
Aug. 14 Truist Securities Adjusts European Wax Center's Price Target to $8 From $16, Keeps Buy Rating MT

August 14, 2024 at 06:05 am EDT

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European Wax Center, Inc. updated earnings guidance for the fiscal year 2024. For the year, the company expects total revenue in the range of $216 million to $221 million against $225 million to $232 million expected previously and Same-Store Sales of Negative 1.5% to positive 0.5% against positive 2% to positive 5% expected previously.

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© S&P Capital IQ - 2024

Latest news about European Wax Center, Inc.

Citigroup Downgrades European Wax Center to Neutral, $5.50 Price Target MT
Truist Securities Adjusts European Wax Center's Price Target to $8 From $16, Keeps Buy Rating MT
European Wax Center, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 06, 2024 CI
European Wax Center Names David Berg CEO MT
Transcript : European Wax Center, Inc., Q2 2024 Earnings Call, Aug 14, 2024
Earnings Flash (EWCZ) EUROPEAN WAX CENTER Reports Q2 Revenue $59.9M, vs. Street Est of $61.3M MT
European Wax Center, Inc. Updates Earnings Guidance for the Fiscal Year 2024 CI
European Wax Center, Inc. Revises New Center Opening Outlook for the Fiscal Year 2024 CI
European Wax Center, Inc. Announces Chief Executive Officer Changes CI
European Wax Center, Inc. Announces Board Changes CI
European Wax Center, Inc. Debuts Highly Anticipated Brow Tint Service CI
Piper Sandler Adjusts Price Target on European Wax Center to $12 From $15, Maintains Overweight Rating MT
Citigroup Adjusts Price Target on European Wax Center to $16 From $19, Maintains Buy Rating MT
Telsey Advisory Adjusts Price Target on European Wax Center to $16 From $18, Keeps Outperform Rating MT
Truist Securities Adjusts European Wax Center's Price Target to $16 From $17, Keeps Buy Rating MT
Transcript : European Wax Center, Inc., Q1 2024 Earnings Call, May 15, 2024
(EWCZ) EUROPEAN WAX CENTER Forecasts Fiscal Year 2024 Revenue Range $225M - $232M MT
Earnings Flash (EWCZ) EUROPEAN WAX CENTER Reports Q1 Revenue $51.9M, vs. Street Est of $52M MT
European Wax Center, Inc. announces an Equity Buyback for $50 million worth of its shares. CI
European Wax Center, Inc. Reiterates Earnings Guidance for the Fiscal Year 2024 CI
European Wax Center, Inc. Reports Earnings Results for the First Quarter Ended April 06, 2024 CI
European Wax Center, Inc. authorizes a Buyback Plan. CI
Truist Securities Adjusts European Wax Center Price Target to $17 From $16, Maintains Buy Rating MT
Tranche Update on European Wax Center, Inc.'s Equity Buyback Plan announced on November 3, 2022. CI

Chart European Wax Center, Inc.

European Wax Center, Inc. Updates Earnings Guidance for the Fiscal Year 2024 (3)

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Company Profile

European Wax Center, Inc. Updates Earnings Guidance for the Fiscal Year 2024 (4)

European Wax Center, Inc. is a franchisor and operator of out-of-home (OOH) waxing services in the United States. The Company offers guests hygienic waxing services administered by its EWC-trained estheticians (its wax specialists). It provides a technology-enabled interface for automated appointment scheduling and remote check-in capabilities across its network of centers. The Company offers a variety of body and facial waxing services focused on the areas of their bodies needing hair removal. It utilizes its Comfort Wax formulation during the waxing service. This wax product features a blend of natural beeswax combined with other skin-soothing ingredients and is co-manufactured by suppliers in Europe. The Company also offers skincare retail products. It provides a range of pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers and skin treatments. The Company operates a portfolio of centers operating in 1,044 locations across 45 states.

Employees

162

Sector

Personal Services

Calendar

2024-10-30 - Q3 2024 Earnings Release (Projected)

Related indices

Russell 2000

More about the company

Income Statement and Estimates

More financial data

Ratings

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Analysts' Consensus

Sell

European Wax Center, Inc. Updates Earnings Guidance for the Fiscal Year 2024 (5)

Buy

Mean consensus

BUY

Number of Analysts

9

Last Close Price

5.950USD

Average target price

9.438USD

Spread / Average Target

+58.61%

Consensus

Profit revisions

Estimate revisions

Quarterly earnings, Rate of surprise

Company calendar

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European Wax Center, Inc. Updates Earnings Guidance for the Fiscal Year 2024 (6)

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European Wax Center, Inc. Updates Earnings Guidance for the Fiscal Year 2024 (2024)

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