NASDAQ$EWCZ
European Wax Center Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
European Wax Center reported record results driven by increased guest spending and new center openings.
European Wax Center, Inc. reported record fourth quarter and fiscal year 2022 results. The company's total revenue increased by 18.7% compared to the prior year period. System-wide sales grew by 11.6% driven by increased guest spending and net new centers. The company issued a fiscal 2023 outlook, including 10% unit growth.
- Opened 33 net new centers.
- System-wide sales grew 11.6% to $225.4 million.
- Total revenue increased 18.7% to $53.5 million.
- Same-store sales increased 6.3%.
Headline financials
Revenue & EPS history
European Wax Center · Revenue · Quarterly
$53.5M
Revenue by segment
European Wax Center · $53.5M total across 4 segments · Q4 2022
- Product Sales$30.9M—57.7%
- Royalty Fees$12.5M—23.3%
- Marketing Fees$7.08M—13.2%
- Other Revenue$3.05M—5.7%
Forward guidance
European Wax Center issued fiscal year 2023 outlook, including new center openings, system-wide sales, total revenue, same-store sales, adjusted net income and adjusted EBITDA.
Tailwinds
- New Center Openings, Net: 95 to 100
- System-Wide Sales: $965 million to $990 million
- Total Revenue: $222 million to $229 million
- Same-Store Sales: Mid-Single Digits
- Adjusted EBITDA: $77 million to $80 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 Q4 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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