european wax center holds annual stockholder meeting, elects directors

European Wax Center , Inc. (NASDAQ:EWCZ) conducted its annual stockholder meeting on June 3, 2025, as disclosed in a recent SEC filing. The company, which maintains impressive gross profit margins of 74% and a healthy current ratio of 2.7, held the meeting to elect directors and ratify its independent registered public accounting firm. According to InvestingPro analysis, the stock appears undervalued despite management’s aggressive share buyback program.

In the election of directors, stockholders voted to elect Alexa Bartlett and Julia Hunter to the company’s Board of Directors as Class I members for a three-year term. Alexa Bartlett received 31,228,499 votes in favor, with 10,049,015 votes withheld and 7,864,049 broker non-votes. Julia Hunter received 40,590,602 votes in favor, 686,912 votes withheld, and 7,864,049 broker non-votes. These appointments come as the company faces challenging market conditions, with the stock down 51% over the past year.

Additionally, the stockholders ratified the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending January 3, 2026. The ratification received 48,971,278 votes in favor, 57,090 votes against, and 113,195 abstentions.

This information is based on a press release statement filed with the Securities and Exchange Commission.

In other recent news, European Wax Center reported its financial results for the first quarter of 2025, showing modest growth amidst a stable consumer environment. The company experienced a 2.1% increase in system-wide sales, reaching $225.9 million, although total revenue saw a slight decline to $51.4 million. Adjusted EBITDA rose by 7.2% to $18.8 million, reflecting a margin of 36.5%. European Wax Center reaffirmed its fiscal year 2025 guidance, projecting full-year system-wide sales between $940 million and $960 million and adjusted EBITDA expected to range from $69 million to $71 million. The company plans to achieve net unit growth by the end of fiscal 2026, with management focusing on revitalizing the brand and enhancing franchisee support.

Citi analyst Kelly Crago updated the financial outlook for European Wax Center, increasing the price target to $6.00 from $4.50, while maintaining a Neutral rating. This adjustment follows the company’s first-quarter performance, which outperformed consensus expectations due to slightly stronger sales. Crago noted that the first-quarter results indicate management’s initiatives have at least stabilized revenue, and the higher end of the fiscal year 2025 guidance suggests anticipated improvement in the second half of the year. However, visibility into the success of these strategies remains limited, with a balanced risk/reward projection at current stock price levels. European Wax Center’s management has also signaled the end of fiscal year 2026 as the target for resuming net store growth.

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