European Wax Center, Inc. (NASDAQ: EWCZ) announced on October 16, 2024, that it has risen 11 spots to secure the No. 80 position in Franchise Times' annual Top 400 Ranking. This recognition places the company among the largest U.S.-based franchise systems, evaluated by global systemwide sales.
The ranking is a result of a five-month research and reporting effort, highlighting European Wax Center's strong performance in the out-of-home waxing services sector. The company's network, which includes over 1,000 centers in 45 states, generated sales of $955 million in fiscal 2023.
This achievement underscores the dedication of its franchise partners and the company's commitment to providing comprehensive support, which are key pillars of its strategy for sustainable growth. The recognition reflects the brand's market leadership and operational success within the franchise industry.
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