European Wax Center(EWCZ) - 2024 Q1 - Quarterly Results

Exhibit 99.1 European Wax Center, Inc. Reports First Quarter Fiscal Year 2024 Results Reiterates fiscal 2024 outlook Announces $50 million share repurchase program First Quarter Fiscal 2024 versus 2023 • Net new centers increased 7.5% to 1,051 total centers in 45 states • System-wide sales of$ 221.4 million increased 1.3% • Total revenue of $51.9 million increased 4.0% • Same-store sales decreased 1.2% • GAAP net income of$ 3.7 million and Adjusted net income of $4.8 million • Adjusted EBITDA of$ 17.5 milli ...