Corporate News

European Wax Center Stock Falls 19% On Quarterly Results

European Wax Center, Inc. (EWCZ) is trading at $4.41, down 13.70 percent or $0.70, after reporting a drop in its profit and revenues for the fourth quarter.

The stock opened at $2.73 compared to a previous close of $5.11. The volume is 1.16 million shares, nearly double the average volume of 609,544. The stock's 52-week range is $2.73 to $14.64.

Net income fell to $3.07 million from $3.54 million. Revenues were $49.7 million for the fourth quarter, an 11.7 percent decrease from $56.3 million in the prior-year period.

by RTTNews Staff Writer

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