European Wax Center Inc reports results for the quarter ended June 30 - Earnings Summary
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European Wax Center IncQ) reported adjusted earnings of 27 cents per share for the quarter ended June 30, surpassing last year's 15 cents and analysts' expectations of 17 cents. Revenue decreased by 6.6% to $55.91 million, below the expected $56.89 million. The company’s reported EPS was 9 cents, with a net income of $3.75 million. Shares fell 21.7% this quarter and 33.9% year-to-date. Analysts maintain a "buy" rating, with a median 12-month price target of $6.00, 26.5% above the last closing price of $4.41.
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