European wax center, inc. reports first quarter fiscal year 2023 results

First quarter fiscal 2023 versus 2022 net new centers increased 11.9% to 978 total centers in 45 states system-wide sales of $218.4 million increased 5.5% total revenue of $49.9 million increased 9.8% same-store sales increased 4.5% gaap net loss of $1.1 million and adjusted ebitda of $16.3 million plano, texas, may 10, 2023 (globe newswire) -- today, european wax center, inc. (nasdaq: ewcz), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the united states, reports financial results for the 13 weeks ended april 1, 2023. david berg, chief executive officer of european wax center, inc. stated: “we are pleased with our solid performance in the first quarter, as we continued to deliver on our two key growth vectors – unit growth and in-center sales growth.
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