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

Issues fiscal 2025 outlook fiscal year 2024 versus 2023 net new centers increased 2.2% to 1,067 total centers in 45 states system-wide sales of $951.0 million decreased 0.4% and increased 1.2% on a 52-week basis total revenue of $216.9 million decreased 1.9% and was flat on a 52-week basis same-store sales increased 0.2% gaap net income of $14.7 million increased 21.9% adjusted net income of $25.6 million increased 15.2% adjusted ebitda of $75.5 million decreased 0.7% plano, texas, march 11, 2025 (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 52 weeks ended january 4, 2025 as compared to the 14 and 53 weeks ended january 6, 2024. chris morris, chairman and ceo of european wax center, inc. stated, “we ended fiscal 2024 on a solid note, delivering fourth quarter results in line with our expectations thanks to the loyalty of our core guests and strong semiannual wax pass promotional period.
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