European Wax Center shares are trading lower after the company reported worse-than-expected Q3 revenue results and cut its FY23 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
European Wax Center reported lower than expected Q3 revenue results and reduced its FY23 revenue guidance below estimates, leading to a drop in its share price.
November 08, 2023 | 5:46 pm
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European Wax Center's shares are trading lower due to worse-than-expected Q3 revenue results and a cut in its FY23 revenue guidance.
European Wax Center's shares are trading lower as the company reported worse-than-expected Q3 revenue results and cut its FY23 revenue guidance below estimates. This negative financial performance is likely to impact investor confidence and could lead to a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100