v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 05, 2025
Jul. 06, 2024
Jul. 05, 2025
Jul. 06, 2024
OPERATING EXPENSES        
Depreciation and amortization   $ 5,079 $ 9,984 $ 10,174
Gain on sale of center     0 (81)
Total operating expenses   45,590   86,282
Income from operations   14,281   25,463
Income before income taxes   7,645   12,511
Income tax expense   1,721   2,933
NET INCOME   5,924 7,963 9,578
Less: net income attributable to noncontrolling interests   1,675   2,564
NET INCOME ATTRIBUTABLE TO EUROPEAN WAX CENTER, INC. $ 3,752 $ 4,249 5,487 $ 7,014
Class A Common Stock [Member]        
Net income per share        
Earnings Per Share, Basic   $ 0.09   $ 0.15
Earnings Per Share, Diluted   $ 0.09   $ 0.15
Subsidiaries [Member]        
REVENUE        
Total revenue 55,911 $ 59,871 107,338 $ 111,745
OPERATING EXPENSES        
Cost of revenue 14,175 16,024 27,451 29,548
Selling, general and administrative 14,507 12,911 29,847 26,377
Advertising 8,157 11,576 15,405 20,264
Depreciation and amortization 5,003 5,079 9,984 10,174
Gain on sale of center 0 0 0 (81)
Total operating expenses 41,842 45,590 82,687 86,282
Income from operations 14,069 14,281 24,651 25,463
Interest expense, net 6,594 6,367 13,227 12,703
Other expense 22 269 20 249
Income before income taxes 7,453 7,645 11,404 12,511
Income tax expense 2,060 1,721 3,441 2,933
NET INCOME 5,393 5,924 7,963 9,578
Less: net income attributable to noncontrolling interests 1,641 1,675 2,476 2,564
NET INCOME ATTRIBUTABLE TO EUROPEAN WAX CENTER, INC. $ 3,752 $ 4,249 $ 5,487 $ 7,014
Subsidiaries [Member] | Class A Common Stock [Member]        
Net income per share        
Earnings Per Share, Basic $ 0.09 $ 0.09 $ 0.13 $ 0.15
Earnings Per Share, Diluted $ 0.09 $ 0.09 $ 0.13 $ 0.15
Weighted average shares outstanding        
Weighted Average Number of Shares Outstanding, Basic 43,344,441 48,176,149 43,322,260 48,365,642
Weighted Average Number of Shares Outstanding, Diluted 43,344,651 48,216,643 43,382,522 48,425,028
Subsidiaries [Member] | Product [Member]        
REVENUE        
Total revenue $ 30,515 $ 33,923 $ 59,386 $ 63,421
Subsidiaries [Member] | Royalty [Member]        
REVENUE        
Total revenue 14,278 14,465 26,706 26,901
Subsidiaries [Member] | Marketing [Member]        
REVENUE        
Total revenue 8,108 8,142 15,311 15,238
Subsidiaries [Member] | Other Revenue [Member]        
REVENUE        
Total revenue $ 3,010 $ 3,341 $ 5,935 $ 6,185