NASDAQ$EWCZ
European Wax Center Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
European Wax Center reported record second quarter fiscal 2021 results and introduced guidance for fiscal year 2021.
European Wax Center reported strong second quarter results with significant sales and profit growth relative to pre-pandemic performance. System-wide sales increased by 443% compared to the second quarter of fiscal 2020 and 15% compared to the second quarter of fiscal 2019. Total revenue increased by 343% from the second quarter of fiscal 2020 and 11% from the second quarter of fiscal 2019.
- System-wide sales were $218.5 million, a 443% increase from the second quarter of fiscal 2020 and a 15% increase from the second quarter of fiscal 2019
- Same-store sales rose 6.9% from the second quarter of fiscal 2019, a 13.1 percentage point increase from the first quarter 2021 same-store decline of 6.2%
- Total revenue increased 343% to $47.9 million from the second quarter of fiscal 2020 and 11% from the second quarter of fiscal 2019
- Net income grew $19.1 million to $7.7 million from the second quarter of fiscal 2020 and increased $3.9 million from the second quarter of fiscal 2019
Headline financials
Revenue & EPS history
European Wax Center · Revenue · Quarterly
$47.9M
Revenue by segment
European Wax Center · $47.9M total across 4 segments · Q2 2021
- Product Sales$26.5M+14.8%55.4%
- Royalty Fees$12M+13.5%25.1%
- Marketing Fees$6.63M+12.4%13.8%
- Other Revenue$2.72M-24.6%5.7%
Forward guidance
European Wax Center provided fiscal year 2021 guidance with total revenue expected to be between $173.0 million and $178.0 million and adjusted EBITDA between $60.0 million and $63.0 million.
Tailwinds
- Total Revenue $173.0 million - $178.0 million
- Adjusted Net Income $26.5 million - $28.5 million
- Adjusted EBITDA $60.0 million - $63.0 million
- New Center Openings, Net 52
- System-Wide Sales $788.0 million - $793.0 million
Headwinds
- The Company's outlook incorporates an appropriate level of prudence into its guidance for the balance of the year.
- This outlook does not contemplate a meaningful change from today in consumer behavior driven by renewed concerns about the COVID-19 pandemic
- This outlook does not include further impacts from incremental tightening in the labor market beyond what we see today.
- Effective Tax Rate Approximately 12.5 %
- Same-Store Sales High Single Digits
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
+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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