European Wax Center Inc. (NASDAQ: EWCZ), a leading franchisor and operator of out-of-home waxing services in the U.S., reported its financial results for the second quarter of fiscal year 2025. The company reported total revenue of $55.9 million, a decrease of 6.6% compared to the same period in fiscal 2024. System-wide sales amounted to $257.6 million, reflecting a 1.0% decrease. Same-store sales showed a slight increase of 0.3%. The company's GAAP net income was $5.4 million, a 9.0% decrease from $5.9 million in the prior year period. However, Adjusted Net Income increased by 5.6% to $11.8 million from $11.1 million. Adjusted EBITDA also saw an increase of 4.7%, reaching $21.6 million, compared to $20.6 million in the prior year period. Year-to-date results through the second quarter showed franchisees opened 7 centers and closed 15 in the first half of fiscal 2025. System-wide sales increased by 0.4% to $483.5 million, as opposed to $481.5 million in the previous year. Total revenue for the year-to-date period decreased by 3.9% to $107.3 million. The company updated its fiscal 2025 outlook, expecting 15 to 16 net center closings during the third quarter. As of August 12, 2025, no centers had opened, and three had closed in the third quarter. CEO Chris Morris highlighted the company's strategic focus on driving traffic and sales growth, improving franchisee profitability, and pursuing profitable expansion.