European Wax Center shares are trading lower after the company reported worse-than-expected Q2 sales results and lowered its FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
European Wax Center shares are trading lower after the company reported worse-than-expected Q2 sales results and lowered its FY24 revenue guidance below estimates.
August 14, 2024 | 3:11 pm
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NEGATIVE IMPACT
European Wax Center shares are trading lower due to disappointing Q2 sales results and a reduction in FY24 revenue guidance.
The company's worse-than-expected Q2 sales results and lowered FY24 revenue guidance are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100