NASDAQ$EWCZ
European Wax Center Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported record results and increased fiscal 2021 outlook.
European Wax Center reported strong third-quarter results with significant growth in revenue, same-store sales, and operating profit compared to fiscal years 2020 and 2019. System-wide sales increased by 21% compared to 2019, driven by new center openings, same-store sales growth, and Wax Pass purchases. The company also raised its fiscal 2021 outlook for net new center openings, system-wide sales, total revenue, Adjusted net income and Adjusted EBITDA.
- System-wide sales increased 60.0% and 21.3% from the third quarters of fiscal 2020 and 2019, respectively.
- Same-store sales rose 10.6% from the third quarter of fiscal 2019, accelerating 3.7 percentage points from the second quarter of fiscal 2021.
- Total revenue increased 61.0% and 20.4% from the third quarters of fiscal 2020 and 2019, respectively.
- Adjusted EBITDA increased 352.6% and 39.3% from the third quarters of fiscal 2020 and 2019, respectively.
Headline financials
Revenue & EPS history
European Wax Center · Revenue · Quarterly
$49M
Revenue by segment
European Wax Center · $49M total across 4 segments · Q3 2021
- Product Sales$27.6M+24.9%56.3%
- Royalty Fees$11.9M+17.1%24.4%
- Marketing Fees$6.76M+16.6%13.8%
- Other Revenue$2.7M+3.8%5.5%
Forward guidance
The Company's outlook incorporates an appropriate level of prudence into its guidance for the balance of the year. However, this outlook does not contemplate a meaningful change from today in consumer behavior driven by renewed concerns about the COVID-19 pandemic, nor does it include further impacts from incremental tightening in the labor market beyond what we see today.
Tailwinds
- Total Revenue $175.5 million - $178.5 million
- Adjusted Net Income $28.0 million - $29.0 million
- Adjusted EBITDA $61.0 million - $63.5 million
- New Center Openings, Net 57
- System-Wide Sales $795.0 million - $798.0 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 Q3 2021
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro