European Wax Center updates fiscal 2025 outlook, reports fewer closings

European Wax Center (NASDAQ: EWCZ) updated its fiscal 2025 financial outlook and reported 20 net center closings, fewer than its previous projection of 23 to 28 closings, according to a company statement.

The waxing services franchisor reported 11 gross new center openings and 31 closures during fiscal 2025. The company attributed the lower-than-expected net closings to timing of planned closures and progress on strategic development initiatives.

European Wax Center narrowed its system-wide sales outlook to $945 million to $948 million from a previous range of $940 million to $950 million. Total revenue guidance was updated to $206 million to $208 million, compared to the prior range of $205 million to $209 million.

The company revised its same-store sales outlook to 0.1% to 0.3% growth, down from the previous projection of 0.0% to 1.0%. Adjusted EBITDA guidance increased to $72 million to $74 million from $69 million to $71 million. Adjusted net income outlook rose to $33 million to $35 million from $31 million to $33 million.

"We are pleased with the progress made in 2025 across our key business priorities, which has helped establish a stronger foundation for the company," said Chris Morris, chairman and chief executive officer.

The company noted its fiscal 2025 financial results remain subject to quarter and year-end closing procedures, including a financial statement audit. European Wax Center expects to publish audited financial results for the fiscal year ended January 3, 2026 in March 2026.

Management participated in meetings at the ICR Conference in Orlando, Florida on January 12 and 13, 2026.

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