By Josh Beckerman
European Wax Center shares were higher after the company reported first-quarter results above Wall Street estimates and reaffirmed full-year guidance.
The stock was up 12%, to $4.45, midday Wednesday, but has fallen about 32% this year.
The franchiser of waxing salons said first-quarter earnings per share declined to 4 cents from 6 cents. Analysts polled by FactSet expected 3 cents. Revenue was down 0.9%, to $51.4 million. Analysts expected $49.7 million.
European Wax Center said same-store sales rose 0.7%.
"We continue to advance our enhanced, data-rich marketing engine, and guest research is generating valuable insights that will shape our traffic-driving strategies," the Plano, Texas, company said.
The company previously said it expected 2025 to be a transitional year. In March, Chief Executive Chris Morris said a challenging macro environment hurt fourth-quarter results.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
May 14, 2025 13:09 ET (17:09 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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