European Wax Center Reports Mixed Q2 Earnings, Strong EBITDA Guidance

European Wax Center reported Q2 earnings with system-wide sales of $257.6 million, a 30 basis point increase in same-store sales growth, and an adjusted EBITDA of $21.6 million. The company strengthened its leadership team and improved marketing efficiency. However, it faces challenges such as a slight decline in system-wide sales and regional difficulties, particularly in California. European Wax Center expects system-wide sales to range between $940 million and $950 million for the full year and maintains its adjusted EBITDA guidance at $69 million to $71 million.