The latest update is out from European Wax Center ( (EWCZ) ).
European Wax Center announced the appointment of Thomas Kim as Chief Financial Officer, effective April 7, 2025, succeeding Stacie Shirley who will remain as a strategic advisor until April 30, 2025. The company reported its fiscal 2024 results, highlighting a 21.9% increase in GAAP net income and a 15.2% rise in adjusted net income, despite a slight decrease in system-wide sales and total revenue. Looking forward, the company anticipates a transitional year in 2025, with plans to open 10-12 new centers and close 40-60 centers, while focusing on improving its marketing and support infrastructure to drive long-term growth.
More about European Wax Center
European Wax Center, Inc. is the leading franchisor and operator of out-of-home waxing services in the United States, providing professional personal care experiences with highly trained wax specialists. The company offers innovative Comfort Wax® and proprietary products to enhance waxing results, with over 1,000 centers in 45 states generating $951 million in sales for fiscal 2024.
YTD Price Performance: -19.65%
Average Trading Volume: 609,557
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $291M
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