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

Fiscal year 2023 versus 2022 net new centers increased 10.6% to 1,044 total centers in 45 states system-wide sales of $955.0 million increased 6.3% total revenue of $221.0 million increased 6.6% same-store sales increased 2.9% gaap net income of $12.3 million and adjusted net income of $22.5 million adjusted ebitda of $76.0 million plano, texas, march 06, 2024 (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 14 and 53 weeks ended january 6, 2024. david willis, chief executive officer of european wax center, inc. stated: “european wax center delivered a strong fourth quarter and equally strong full year 2023 performance.
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