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European wax center
European wax center













european wax center

Selling, general and administrative expenses (“SG&A”) of $15.2 million increased 24.7% from $12.2 million in the prior year period. Total revenue of $53.4 million increased 11.4% from $47.9 million in the prior year period. System-wide sales of $231.1 million grew 5.7% from $218.5 million in the prior year period, primarily driven by increased spend by guests at existing centers and net new centers opened over the past twelve months. The Company opened 19 net new centers and ended the quarter with 893 centers, representing an increase of 9.6% versus 815 centers in the prior year period. Results for the Second Quarter of Fiscal 2022 versus Fiscal 2021 We view the current operating environment as an opportunity to continue to grow market share.” Our guests continue to demonstrate enthusiasm for the brand, and we are excited to lead the category from a position of strength. Berg continued, “While we are mindful of the inflationary environment and its near-term impact on the consumer, we are confident that the recurring nature of our services as well as the unparalleled experience that European Wax Center provides will remain an integral part of our guests’ personal care and beauty routines.

european wax center

As a result, we are raising our outlook for fiscal 2022 net new center openings to 83 to 85.”

european wax center

Our strong development pipeline continues to expand, underscoring the attractiveness of our business model and unit economics for our franchise partners. Furthermore, we opened 19 net new centers in the second quarter, primarily fueled by our existing franchisee base that represents over 90% of expected 2022 new center openings. Our marketing capabilities continue to drive guest retention, and we generated strong Wax Pass sales this quarter. David Berg, Chief Executive Officer of European Wax Center, Inc., stated: “We are pleased with our performance in the first half of the year as our second quarter was in line with our expectations and reflects the continued execution of our long-term growth initiatives.















European wax center