What Happened:Shares of beauty and waxing service franchise European Wax Center (NASDAQ:EWCZ) jumped 10.6% in the morning session after the company reported fourth-quarter results, with revenue and EPS both outperforming Wall Street's estimates. On the other hand, its full-year revenue and adjusted EBITDA guidance missed. Regardless, the company continued to invest in growth with plans to launch 75 to 80 centers in FY'2024.
Zooming out, this was still a decent, albeit mixed, quarter. The market is shrugging off the guidance, and the stock is up after the results.
Is now the time to buy European Wax Center? Find out by reading the original article on StockStory.
What is the market telling us:European Wax Center's shares are not very volatile than the market average and over the last year have had only 17 moves greater than 5%.
European Wax Center is up 11.2% since the beginning of the year, but at $14.76 per share it is still trading 25.2% below its 52-week high of $19.72 from April 2023. Investors who bought $1,000 worth of European Wax Center's shares at the IPO in August 2021 would now be looking at an investment worth $690.04.