Traders should anticipate delisting of EWCZ shares following the completion of the privatization transaction. The weak operating performance underscores challenges in the core business despite modest same-store sales growth.
Price Chart
Executive Summary
European Wax Center reported declining financial performance for fiscal 2025, with total revenue down 4.7% and net income down 19.2% year-over-year. The company also announced it will be taken private by General Atlantic in an all-cash transaction, leading to delisting from Nasdaq and cancellation of future guidance and earnings calls.
Key Financial Metrics
Key Facts
- Total revenue for fiscal 2025 was $206.6 million, down 4.7% from $216.9 million in the prior year
- Net income decreased 19.2% to $11.9 million from $14.7 million
- Adjusted EBITDA declined 3.0% to $73.3 million, though margin improved slightly to 35.5%
- Same-store sales increased only 0.2%, while system-wide sales fell 0.4%
- Company will be taken private by General Atlantic in an all-cash deal, ceasing public trading
- No 2026 guidance or conference call will be provided due to the pending privatization
Financial Impact
Revenue down $10.3M, net income down $2.8M, Adjusted EBITDA down $2.2M year-over-year
Risk Factors
- Ongoing decline in total revenue and profitability
- Franchise network contraction: 1,047 centers vs. 1,067 in prior year (-1.9%)
- Increased SG&A as a percentage of revenue due to strategic investments and lower top line
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3249149 |
Track record builds as more directional reports settle.
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| Type | Now | ||||
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May 18, 2026 23w ago | 15-12G | — | awaiting T+20 | — | — |
May 13, 2026 24w ago | Court Ruling | — | awaiting T+20 | — | — |
May 8, 2026 24w ago | 25-NSE | $5.82 | awaiting T+20 | — | — |
May 8, 2026 24w ago | 8-K | $5.82 | awaiting T+20 | — | — |
May 8, 2026 24w ago | Press Release | $5.82 | awaiting T+20 | — | — |
Apr 27, 2026 26w ago | 10-K/A | $5.81 | awaiting T+20 | — | — |
Apr 13, 2026 28w ago | DEFA14A | $5.82 $5.82 | · 0.00% | ▼ −6.30% | — |
Mar 11, 2026 32w ago | PREM14A | $5.74 $5.82 | ▲ +1.39% | ▼ −0.58% | — |
Mar 4, 2026 33w ago | Press Release | $5.73 $5.79 | ▼ −1.05% | ▼ −5.46% | — |
US Market Status
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