European Wax Center, Inc. reported its first quarter fiscal year 2025 results, indicating a mixed financial performance. The company saw a 2.1% increase in system-wide sales, reaching $225.9 million, primarily driven by increased guest spending at existing centers and newly opened centers over the past year. However, total revenue slightly declined by 0.9% to $51.4 million compared to the previous year. The company reported a GAAP net income of $2.6 million, which is a 29.7% decrease from the prior year. Conversely, adjusted net income increased by 10.3% to $9.5 million, and adjusted EBITDA rose by 7.2% to $18.8 million. The company experienced a net increase in centers, with a total of 1,062 centers in 45 states, marking a 1.0% growth. Franchisees opened 5 centers and closed 10 during the quarter. Despite the dynamic macroeconomic environment, the company remains confident in its fiscal 2025 outlook, emphasizing strategic priorities to drive sales, improve profitability, and achieve long-term growth. CEO Chris Morris highlighted progress in marketing strategies and strengthening corporate infrastructure to support franchisees. The company aims for net unit growth by the end of 2026.