Encouraging Early Signs of Strategy Success
The company reported $257.6 million in system-wide sales and a 30 basis point increase in same-store sales growth. Adjusted EBITDA reached $21.6 million, with early signs of strategy success and improvement in transaction growth year-over-year.
Leadership Enhancements
European Wax Center expanded its leadership team with Angela Jaskolski as Chief Operating Officer and Kurt Smith as Chief Development Officer, enhancing capabilities in operations and development.
Improved Marketing Efficiency
The company reported a 40% improvement in cost per acquisition since the beginning of the year, enhancing marketing efficiency and guest targeting.
Strong Adjusted EBITDA Margin
Adjusted EBITDA margin increased 420 basis points to 38.7%, reflecting disciplined execution and operational efficiency.
Wax Pass Sales Growth
Wax Pass sales increased almost 2% year-over-year, indicating strong guest engagement with the product offering.