European wax center, inc. reports third quarter fiscal year 2024 results

Reiterates fiscal 2024 financial outlook updates fiscal 2024 outlook for net new centers third quarter fiscal 2024 versus 2023 net new centers increased 3.7% to 1,064 total centers in 45 states system-wide sales of $240.2 million decreased 0.2% total revenue of $55.4 million decreased 0.5% same-store sales decreased 0.5% gaap net income of $2.0 million decreased 50.7% adjusted net income of $5.5 million decreased 8.2% adjusted ebitda of $18.4 million decreased 4.4% plano, texas, nov. 14, 2024 (globe newswire) -- today, european wax center, inc. (nasdaq: ewcz), the leading franchisor and operator of out-of-home waxing services in the united states, reports financial results for the 13 and 39 weeks ended october 5, 2024. david berg, executive chairman and ceo of european wax center, inc. stated, “we are pleased that our third quarter results were in line with the revised expectations we provided in august.
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