NASDAQ$EWCZ
European Wax Center Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported financial results for the period ended June 25, 2022, raised full year expectations for new center openings, and reiterated fiscal 2022 financial outlook.
European Wax Center reported an 11.4% increase in total revenue to $53.4 million and a net income of $2.0 million for the second quarter of fiscal year 2022. The company opened 19 net new centers during the quarter and is raising its outlook for fiscal 2022 net new center openings to 83 to 85.
- System-wide sales increased 5.7% to $231.1 million.
- Total revenue increased 11.4% to $53.4 million.
- Same-store sales increased 6.7%.
- Net income was $2.0 million and Adjusted EBITDA was $18.6 million.
Headline financials
Revenue & EPS history
European Wax Center · Revenue · Quarterly
$183K
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 updated its fiscal 2022 outlook, increasing expectations for new center openings while maintaining previous guidance for system-wide sales, total revenue, same-store sales, adjusted net income, and adjusted EBITDA.
Tailwinds
- New Center Openings, Net: 83 to 85
- System-Wide Sales: $875 million to $915 million
- Total Revenue: $199 million to $209 million
- Same-Store Sales: 9.5% to 10.5%
- Adjusted Net Income: $24 million to $28.5 million
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 Q2 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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