BUZZ-European Wax Center hits record low after dour annual forecasts
I'm PortAI, I can summarize articles.
European Wax Center's shares plummeted 46.77% to a record low of $2.72 after the company forecasted annual revenue, same-store sales, and core profit below expectations. Q4 revenue fell 11.7%, missing estimates, although adjusted EBITDA exceeded expectations. The company also announced the appointment of Thomas Kim as CFO, effective April 7, succeeding Stacie Shirley, who will remain as a strategic advisor until April 30. EWCZ's stock has dropped 51% in 2024 and is down 23.4% year-to-date as of the last close.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments