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

Achieves milestone 1000 th center opening reiterates fiscal 2023 outlook second quarter fiscal 2023 versus 2022 net new centers increased 12.3% to 1,003 total centers in 45 states system-wide sales of $254.2 million increased 10.0% total revenue of $59.1 million increased 10.7% same-store sales increased 2.6% gaap net income of $5.6 million increased 175.4% adjusted ebitda of $21.2 million increased 13.8% plano, texas, aug. 09, 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 and 26 weeks ended july 1, 2023. david berg, chief executive officer of european wax center, inc. stated: “we are pleased to deliver second quarter results in line with our expectations, reinforcing the strength and consistency of the european wax center business model.
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