European Wax Center Raises Sales Outlook as New Locations Open

Dow Jones

01/14

By Dean Seal

European Wax Center gave the low-end of its system-wide annual sales outlook a bump after opening more new centers than expected.

The franchiser of hair-removal waxing salons said it now expects $947 million to $950 million in system-wide sales for the year, adding $17 million to the low end of its previous guidance.

Same-store sales, which adjust for store openings and closings are expected to be flat or up no more than 0.2%. The company was previously expecting between a 1.5% drop and 0.5% increase.

Net new centers openings in fiscal 2024 were 23, above its prior estimate of 17 to 22.

Total revenue is still expected to hit $216 million to $221 million, and adjusted earnings are on track for $19 million to $22 million, the company said.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

January 13, 2025 12:00 ET (17:00 GMT)

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The company was previously expecting between a 1.5% drop and 0.5% increase. \n\n\n  Net new centers openings in fiscal 2024 were 23, above its prior estimate of 17 to 22. \n\n\n  Total revenue is still expected to hit $216 million to $221 million, and adjusted earnings are on track for $19 million to $22 million, the company said. \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 13, 2025 12:00 ET (17:00 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}