NASDAQ$EWCZ
European Wax Center Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported third quarter results with top-line, bottom-line and unit growth.
European Wax Center reported a 1.2% increase in total revenue to $55.7 million and a 2.4% increase in system-wide sales to $240.7 million. Net income decreased by 20.7% to $4.2 million, while Adjusted EBITDA increased by 3.4% to $19.3 million. The company updated its fiscal 2023 outlook to reflect lower-than-expected transactions.
- Net new centers increased 12.6% to 1,026 total centers in 45 states.
- System-wide sales of $240.7 million increased 2.4%.
- Total revenue of $55.7 million increased 1.2%.
- Same-store sales increased 3.4%.
Headline financials
Revenue & EPS history
European Wax Center · Revenue · Quarterly
$55.7M
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
The Company updates its previous outlook for fiscal year 2023 as follows: New Center Openings, Net 98 to 100, System-Wide Sales $945 million to $955 million, Total Revenue $217 million to $219 million, Same-Store Sales 1.5% to 2.5%, Adjusted Net Income $20.5 million to $21.5 million, Adjusted EBITDA $74.5 million to $76.0 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 2023
+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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