European Wax Center Reiterates FY23 Revenue Guidance Of $222M-$229M, Vs $226.33M Consensus; Sees Adjusted Net Income Of $22M-$24.5M
Portfolio Pulse from Benzinga Newsdesk
European Wax Center, Inc. (NASDAQ:EWCZ) has reiterated its FY23 revenue guidance of $222M-$229M, which is in line with the consensus of $226.33M. The company also expects its adjusted net income to be between $22M-$24.5M. Furthermore, it anticipates system-store sales to rise by mid-single digits in FY23, with new center openings between 95 to 100.
August 09, 2023 | 10:11 am
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European Wax Center's FY23 revenue guidance aligns with market expectations, which could stabilize its stock price. The projected increase in system-store sales and new center openings could also indicate potential growth.
European Wax Center's FY23 revenue guidance is in line with market consensus, which could prevent any drastic changes in its stock price. The company's expectation of increased system-store sales and new center openings indicates potential growth, which could attract investors. However, the actual impact will depend on the company's ability to meet these projections.
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