Business
EUROPEAN WAX CENTER NAMED ONE OF THE TOP 20 FASTEST-GROWING FRANCHISES OF 2024 BY ENTREPRENEUR
PLANO, Texas, April 4, 2024 /PRNewswire/ -- European Wax Center (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing
About this update from European Wax Center, Inc.
[{"type":"text","content":"PLANO, Texas, April 4, 2024 /PRNewswire/ -- European Wax Center (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, is proud to be recognized by Entrepreneur for a consecutive year as one of the Fastest-Growing Franchises. European Wax Center ranked at #19, up from last year's ranking at #30. Entrepreneur's Fastest Growing Franchises is one of Entrepreneur's most popular rankings with franchise buyers eagerly anticipating the unveiling of the best brands in franchising. European Wax Center will be highlighted in the March/April issue of Entrepreneur magazine and on Entrepreneur.com.\n\n \n \n \n \n \n \n\n \nEuropean Wax Center experienced another strong year of growth in 2023. The brand grew to a total of 1,044 centers representing a 10.6% increase from 2022. All of the new centers were opened by existing operators, demonstrating continued demand from franchisees. The network generated $955 million in sales, up 6.3% from the prior year, underscoring continuous guest brand loyalty and commitment to their waxing routines.\n\"It's an honor to be recognized as one of the fastest growing franchises by Entrepreneur,\" said David Willis, Chief Executive Officer of European Wax Center. \"2024 is the 20th anniversary of the European Wax Center brand, and we are confident in our model and expect to deliver another year of top and bottom-line growth thanks to our franchisees and their amazing associates, committed core guests and strong development pipeline. We look forward to expanding our leadership position in out-of-home waxing and providing a best-in-class experience.\"\nThe Fastest-Growing Franchises ranking system is based on information submitted to Entrepreneur for its annual Franchise 500® and is part of the brand's continuing effort to best understand and evaluate the ever-changing franchise marketplace. The ranking appears in the March/April 2024 issue of Entrepreneur. Franchise companies are ranked based on their net U.S. and Canada franchise unit growth from July 2022 to July 2023 as verified by Entrepreneur magazine, with ties broken based on percentage growth.\nTo view European Wax Center in the 2024 Fastest-Growing Franchises list, pick up the March/April issue of Entrepreneur magazine, available on newsstands now, or visit https://www.entrepreneur.c...