European Wax Center, Inc. (EWCZ), Tuesday announced fourth-quarter financial results, reporting net income of $3.1 million compared to $3.5 million in the previous year.
On adjusted basis, net income totaled $8.1 million in the quarter compared to $5.9 million last year.
Revenue decreased to $49.7 million from $56.3 million in the prior year.
Looking ahead, the company expects revenue of $210 million to $214 million, and adjusted net income of $16 million to $18 million in the fiscal year 2025.
In the pre-market hours, European Wax Center's stock is trading at $5.24, up 2.54 percent on the Nasdaq.
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