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European Wax Center Q1 Net New Centers +1% To 1,062 Total Centers In 45 states, Same-store Sales +0.7%

Benzinga
2025/05/14

First Quarter Fiscal 2025 versus 2024

  • Net new centers increased 1.0% to 1,062 total centers in 45 states
  • System-wide sales of $225.9 million increased 2.1%
  • Total revenue of $51.4 million decreased 0.9%
  • Same-store sales increased 0.7%
  • GAAP net income of $2.6 million decreased 29.7%
  • Adjusted Net Income, as now defined, of $9.5 million increased 10.3%
  • Adjusted EBITDA of $18.8 million increased 7.2%

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