European Wax Center Q4 Sales $56.33M Beat $54.08M Estimate; Net Income Was $3.6M
Portfolio Pulse from Benzinga Newsdesk
European Wax Center (EWCZ) reported Q4 sales of $56.33M, surpassing the $54.08M estimate, marking a 4.15% beat and a 5.24% increase from the previous year. Net income for the quarter was $3.6M.
March 06, 2024 | 11:05 am
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European Wax Center reported higher than expected Q4 sales and a solid net income, indicating strong performance.
Beating sales estimates and reporting a year-over-year growth indicates a positive performance and operational efficiency. This is likely to instill investor confidence and could lead to a short-term positive impact on EWCZ's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100