Baird lowered the firm’s price target on European Wax Center to $7 from $13 and keeps a Neutral rating on the shares. The firm said Q2 adjusted EBITDA beat driven by SG&A asrevenue missed, but the company cut 2H guidance citing slower comps and a pullback in unit growth.
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Read More on EWCZ:
- European Wax Center Welcomes David Berg as New CEO
- European Wax Center lowers FY24 revenue view to $216M-$221M, from $225M-$232M
- European Wax Center reports Q2 revenue $59.9M, consensus $61.34M
- European Wax Center Board of Directors Appoints David Berg as Chief Executive Officer
- European Wax Center names David Berg as CEO, succeeding David Willis