NASDAQ$EWCZ
European Wax Center Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
European Wax Center reported first quarter fiscal 2022 results, opened 21 net new centers, and raised fiscal 2022 outlook for revenue and profit.
European Wax Center reported strong first quarter fiscal 2022 results, with system-wide sales increasing by 31.9% and total revenue increasing by 23.9%. The company opened 21 net new centers and raised its fiscal 2022 outlook for revenue and profit. They also completed debt refinancing with proceeds funding $3.30 per share special dividend.
- System-wide sales increased by 31.9% to $207.0 million.
- Total revenue increased by 23.9% to $45.4 million.
- Same-store sales increased by 29.0%.
- The Company opened 21 net new centers, bringing the total to 874 centers.
Headline financials
Revenue & EPS history
European Wax Center · Revenue · Quarterly
$183K
Revenue by segment
European Wax Center · $45.4M total across 4 segments · Q1 2022
- Product Sales$24.8M—54.5%
- Royalty Fees$11.4M—25.1%
- Marketing Fees$6.45M—14.2%
- Other Revenue$2.81M—6.2%
Forward guidance
European Wax Center provided fiscal year 2022 outlook, including new center openings, system-wide sales, total revenue, same-store sales, adjusted net income, and adjusted EBITDA.
Tailwinds
- New Center Openings, Net: 70 to 72
- System-Wide Sales: $875 million to $915 million
- Total Revenue: $199 million to $209 million
- Same-Store Sales: 9.5% to 10.5%
- Adjusted EBITDA: $69.5 million to $72.5 million
Headwinds
- Fiscal 2022 guidance includes a 53rd week in the fourth quarter.
- The Company estimates its contribution to the top and bottom line will be worth approximately one half of an average fourth quarter week.
- The Company's outlook assumes no meaningful change from today in consumer behavior driven by renewed concerns about the COVID-19 pandemic
- The Company's outlook assumes no further impacts from incremental tightening in the labor market beyond what we see today.
- The previous outlook assumed fiscal 2022 year-over-year same-store sales growth at the high end of its long-term target of high single digits growth.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2022
+0.5%
Avg return
Earnings day
+0.0%
Avg return
5 days after
-0.3%
Avg return
30 days after
53%
10 / 19 earnings
Positive
+22.1%
Q1 2026
Best reaction
-26.3%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +0.0% | +0.3% | +1.2% | |
| Q3 2026 | +14.3% | +0.3% | +11.2% | |
| Q2 2026 | +13.6% | +5.7% | -11.6% | |
| Q1 2026 | +22.1% | +39.6% | +44.9% | |
| Q4 2024 | -12.9% | -14.9% | -28.6% | |
| Q3 2024 | -26.3% | -26.3% | -24.6% | |
| Q2 2024 | -18.5% | -14.7% | +2.0% | |
| Q1 2024 | +0.7% | -0.8% | +6.8% | |
| Q4 2023 | +12.8% | +11.1% | -7.3% | |
| Q3 2023 | -15.9% | -17.0% | -6.0% | |
| Q2 2023 | +6.0% | -0.9% | -6.3% | |
| Q1 2023 | -9.1% | -3.2% | -7.0% | |
| Q4 2022 | -10.6% | -11.6% | +1.1% | |
| Q3 2022 | +0.6% | -2.9% | +2.0% | |
| Q2 2022 | -2.8% | -7.6% | -9.8% | |
| Q1 2022 | +5.5% | -10.9% | -3.2% | |
| Q4 2021 | +21.1% | +32.8% | +26.9% | |
| Q3 2021 | -0.8% | -9.2% | -13.3% | |
| Q2 2021 | +9.7% | +30.8% | +15.5% | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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