European Wax Center, Inc. (NASDAQ: EWCZ) reported its financial results for the second quarter ended July 5, 2025, on August 13, 2025. Total revenue for the quarter decreased by 6.6% to $55.9 million from $59.8 million in the prior year, and system-wide sales decreased by 1.0% to $257.6 million.
Despite top-line pressures, the company reported a 0.3% increase in same-store sales. Adjusted Net Income grew by 5.6% to $11.8 million, and Adjusted EBITDA increased by 4.7% to $21.6 million. GAAP net income for the quarter was $5.4 million, a decrease of 9.0%.
European Wax Center reiterated its fiscal year 2025 financial outlook, maintaining system-wide sales guidance of $940 million to $950 million, total revenue of $205 million to $209 million, and Adjusted EBITDA of $69 million to $71 million. The company also reiterated its outlook for 28 to 50 net center closings for the full fiscal year, as it continues its network optimization strategy.
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