European Wax Center Q1 FY26 net income drops 37.2% to $1.61 million; revenue slips 0.6% to $51.13 million
European Wax Center, Inc. Class A EWCZ | 0.00 |
- European Wax Center posted net income of USD 1.61 million, down 37.2% from year-ago quarter, as revenue slipped 0.6% to USD 51.13 million.
- Operating income fell 13.5% to USD 9.16 million, while advertising expense climbed 28% to USD 9.28 million.
- System-wide sales rose 1.3% to USD 228.92 million, while same-store sales improved 1.3 percentage points to 2%.
- System-wide centers ended quarter at 1,044, down from 1,062 a year earlier, with net new center closures of 3.
- Glow Midco, affiliate of General Atlantic, closed acquisition May 8, converting each share of Class A common stock into USD 5.80 in cash.
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