Here's What Key Metrics Tell Us About European Wax Center, Inc. (EWCZ) Q3 Earnings
European Wax Center, Inc. (EWCZ) reported $55.72 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 1.2%. EPS of $0.09 for the same period compares to $0.12 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $59.09 million, representing a surprise of -5.71%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.09.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how European Wax Center, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Same-store sales: 3.4% versus 5% estimated by five analysts on average.
Ending center count: 1,026 versus the three-analyst average estimate of 1,023.
New center openings: 23 versus the two-analyst average estimate of 18.
Revenue- Marketing fees: $7.55 million versus the four-analyst average estimate of $7.77 million. The reported number represents a year-over-year change of +2.9%.
Revenue- Royalty fees: $13.35 million versus the four-analyst average estimate of $14.42 million. The reported number represents a year-over-year change of +2%.
Revenue- Product sales: $31.89 million versus the four-analyst average estimate of $33.70 million. The reported number represents a year-over-year change of +1%.
Revenue- Other revenue: $2.93 million versus $3.23 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4% change.
View all Key Company Metrics for European Wax Center, Inc. here>>>
Shares of European Wax Center, Inc. have returned -2.8% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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European Wax Center, Inc. (EWCZ) : Free Stock Analysis Report
