European Wax Center misses Q2 revenue, beats adjusted net income estimates
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European Wax Center reported a 6.6% decline in Q2 revenue, missing analysts' expectations, while adjusted net income rose 5.6%, exceeding estimates. The company anticipates fiscal 2025 revenue between $205 million and $209 million, with projected adjusted EBITDA of $69 million to $71 million. Analysts maintain a "buy" rating on the stock, with a median 12-month price target of $6.00, reflecting a potential upside of 26.5% from its recent trading price of $4.41.
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