NASDAQ$EWCZ
European Wax Center Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
European Wax Center announced first quarter 2024 results, exceeding expectations with strong revenue growth and continued network expansion.
European Wax Center reported a strong first quarter in 2024, marked by revenue growth of 11.7% to $56.4 million. The company expanded its network, adding 23 new centers, and demonstrated robust system-wide sales growth. EWC reaffirmed its full-year outlook, projecting continued growth and expansion.
- Revenue increased by 11.7% to $56.4 million compared to the first quarter of 2023.
- System-wide sales grew by 9.8% to $226.9 million.
- Opened 23 new centers, increasing the network by 5.9%.
- Reaffirmed full-year 2024 outlook, indicating confidence in continued growth.
Headline financials
Revenue & EPS history
European Wax Center · Revenue · Quarterly
$51.9M
Revenue by segment
European Wax Center · $55.7M total across 4 segments · Q3 2023
- Product Sales$31.9M+1.0%57.2%
- Royalty Fees$13.3M+2.0%24.0%
- Marketing Fees$7.55M+2.9%13.6%
- Other Revenue$2.93M-4.0%5.3%
Forward guidance
European Wax Center reaffirmed its full-year 2024 outlook, projecting continued growth and network expansion.
Tailwinds
- Revenue between $238 million and $242 million.
- System-wide sales between $960 million and $980 million.
- Adjusted EBITDA between $74 million and $76 million.
- Capital expenditures between $14 million and $16 million.
- Opening between 85 and 90 new centers.
Headwinds
- The guidance is based on current expectations and is subject to change.
- Macroeconomic conditions could impact consumer spending and franchise performance.
- Competition in the personal care services industry may affect market share.
- Supply chain disruptions could impact product availability and costs.
- Regulatory changes could affect business operations and profitability.
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 2024
+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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