European Wax Center reports Q2 EPS 9c, consensus 16c

Reports Q2 revenue $55.9M, consensus $56.89M. Reports Q2 Same-store sales increased 0.3% from last year. Chris Morris, Chairman and CEO of European Wax Center (EWCZ), stated: “In the second quarter, we began to see encouraging early signs that our strategies are taking hold, reinforcing the stability of our core business and the resilience of the European Wax Center brand. This is a transitional year in which we are strengthening the foundation of the business through data-driven decision making, disciplined execution, and a clear focus on our three strategic priorities: driving traffic and sales growth, improving four-wall profitability for franchisees, and pursuing thoughtful, profitable expansion.”