European Wax Center Lowers FY24 Revenue Guidance From $225M-$232M To $216M-$221M Vs $230.74M Est.
Portfolio Pulse from Benzinga Newsdesk
European Wax Center has lowered its FY24 revenue guidance from $225M-$232M to $216M-$221M, below the $230.74M estimate. The company also revised its outlook for new center openings, system-wide sales, same-store sales, adjusted net income, and adjusted EBITDA.
August 14, 2024 | 3:07 pm
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European Wax Center has revised its FY24 revenue guidance downward to $216M-$221M, below the $230.74M estimate. The company also lowered its outlook for new center openings, system-wide sales, same-store sales, adjusted net income, and adjusted EBITDA.
The downward revision in revenue guidance and other financial metrics indicates potential challenges for European Wax Center, likely leading to a negative short-term impact on the stock price.
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