European Wax Center, Inc. (NASDAQ: EWCZ) reported its financial results for the first quarter ended April 5, 2025, on May 14, 2025. Total revenue for the quarter was $51.43 million, a slight decrease from $51.87 million in the prior year. Net income attributable to European Wax Center, Inc. declined to $1.74 million from $2.77 million.
The company reiterated its full fiscal year 2025 financial outlook, expecting system-wide sales between $940 million and $950 million, total revenue between $205 million and $209 million, and Adjusted EBITDA between $69 million and $71 million. Adjusted net income is projected to be between $31 million and $33 million.
European Wax Center also reiterated its fiscal 2025 net new center outlook, anticipating 28 to 50 net center closings, with 10 to 12 new center openings and 40 to 60 closures. CEO Chris Morris noted meaningful progress on strategic priorities, including advancing the data-rich marketing engine and strengthening corporate infrastructure to support franchisees.
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