Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
European Wax Center (EWCZ)
NASDAQ:EWCZ
Holding EWCZ?
Track your performance easily
Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.06Last Year’s EPS
$0.1Same Quarter Last Year
Based on 6 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -36.83%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with strong core guest loyalty and improvements in gross margin as positives. However, flat sales, a decline in same-store sales, and an above-average rate of center closures due to macroeconomic challenges highlight significant areas of concern.Company Guidance
During European Wax Center's Q3 2024 earnings call, the company provided guidance reflecting a strategic focus on enhancing unit economics and driving long-term growth. The management reiterated expectations for fiscal 2024, projecting system-wide sales between $930 million and $950 million, and revenue of $216 million to $221 million. They anticipate 43 gross new center openings but expect net new openings to range between 17 and 22, considering potential closures due to macroeconomic challenges. Same-store sales are forecasted between negative 1.5% and positive 0.5%, with an adjusted EBITDA target of $70 million to $74 million. Emphasizing the importance of attracting new guests and increasing ticket sales, the company also highlighted a partnership with Dolabra Digital to revamp marketing strategies and improve media buying efficiency. Despite a challenging environment, European Wax Center remains confident in its asset-light model and long-term growth potential.Steady Center Growth
European Wax Center ended Q3 with 1,064 centers, representing a 3.7% growth year-over-year despite the challenging macro environment.
Strong Core Guest Loyalty
Core guests continue to represent approximately 75% of network sales, showing strong brand loyalty and recurring revenue.
Improvement in Gross Margin
Gross margin increased by 110 basis points to 72.9% compared to the same quarter last year.
---
EWCZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
EWCZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $8.01 | $6.16 | -23.10% |
| Aug 14, 2024 | $6.93 | $5.06 | -26.98% |
| May 15, 2024 | $10.90 | $11.43 | +4.86% |
| Mar 06, 2024 | $13.10 | $15.32 | +16.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does European Wax Center (EWCZ) report earnings?
European Wax Center (EWCZ) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is European Wax Center (EWCZ) earnings time?
European Wax Center (EWCZ) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EWCZ EPS forecast?
EWCZ EPS forecast for the fiscal quarter 2024 (Q4) is $0.06.
---