European Wax Center sees FY22 revenue at high end of $202M-$205M range

FY22 consensus $204.25M. Sees FY22: Same-store sales above the high end of previous outlook of approximately 9.5%; Adjusted net income at the high end of previous outlook of $27.5 million to $28.5 million; Adjusted EBITDA at the high end of previous outlook of $70 million to $71 million. The company also repurchased approximately 700,000 shares for $10 million during the fourth quarter of 2022, with approximately $30 million remaining under its share repurchase program. The company notes that its fiscal 2022 financial results are subject to quarter and year-end closing procedures, including a financial statement audit. The company expects to publish its audited financial results for the fiscal year ended December 31, 2022 in March 2023.