EWCZ - These Analysts Slash Their Forecasts On European Wax Center After Q1 Results | Benzinga
European Wax Center, Inc (NASDAQ:EWCZ) reported a profit for the first quarter on Wednesday.
The company posted quarterly net income of $3.7 million versus a year-ago net loss of $1.1 million in. Its adjusted net income surged 41.3% to $4.8 million. Total revenue rose 4% year-over-year to $51.9 million, according to data from Benzinga Pro.
Its same-store sales rose 1.2%, while system-wide sales rose 1.3% to $221.4 million during the quarter.
David Willis, Chief Executive Officer of European Wax Center, ...