Business
European Wax Center, Inc. Reports Fourth Quarter and Fiscal Year 2025 Results
Fiscal Year 2025 versus 2024 1,047 total centers in 44 states, a 1.9% decrease versus 1,067 centers in the prior year period.System-wide sales of $947.3
About this update from European Wax Center, Inc.
[{"type":"text","content":"Fiscal Year 2025 versus 2024 1,047 total centers in 44 states, a 1.9% decrease versus 1,067 centers in the prior year period.System-wide sales of $947.3 million decreased 0.4%Total revenue of $206.6 million decreased 4.7%Same-store sales increased 0.2%GAAP net income of $11.9 million decreased 19.2%Adjusted Net Income of $36.2 million decreased 11.6%Adjusted EBITDA of $73.3 million decreased 3.0% PLANO, Texas, March 04, 2026 (GLOBE NEWSWIRE) -- Today, European Wax Center, Inc. (NASDAQ: EWCZ), the leading franchisor and operator of out-of-home waxing services in the United States, reports financial results for the 13 and 52 weeks ended January 3, 2026. Results for the Fourth Quarter of Fiscal 2025 versus Fiscal 2024 Franchisees opened 1 and closed 7 centers. We ended the quarter with 1,047 centers, representing a 1.9% decrease versus 1,067 centers in the prior year period.System-wide sales of $225.6 million decreased 1.6% from $229.3 million in the prior year period, primarily driven by a shift in service mix.Total revenue of $45.1 million decreased 9.3% from $49.7 million in the prior year period.Same-store sales decreased 0.1%.Selling, general and administrative expenses (“SG&A”) of $15.5 million increased 4.3% from $14.8 million in the prior year period. SG&A as a percent of total revenue increased 450 basis points to 34.3% from 29.8% primarily driven by strategic investments in headcount to support long-term growth initiatives and lower revenue primarily resulting from one-time support investments to franchisees.Interest expense, net of $6.6 million increased from $6.4 million in the prior year period.Income tax benefit decreased to $0.7 million from $1.6 million in the prior year period primarily due to an increase in state and local taxes, partially offset by the pretax loss in the current period.Net loss of $1.5 million decreased 147.5% from net income of $3.1 million, and Adjusted Net Income of $4.2 million decreased 64.4% from $11.9 million in the prior year period. Net loss margin decreased 940 basis points to 3.2% from net income margin of 6.2%.Adjusted EBITDA of $12.7 million decreased 33.1% from $19.0 million in the prior year period. Adjusted EBITDA Margin decreased 1,000 basis points to 28.1% from 38.1%. Annual Results for Fiscal 2025 versus Fiscal 2024 Franchisees opened 11 and closed 31 centers in fiscal 2025.Sys...