Investing.com
Published Apr 04, 2024 12:14
European Wax Center experienced another strong year of growth in 2023. The brand grew to a total of 1,044 centers representing a 10.6% increase from 2022. All of the new centers were opened by existing operators, demonstrating continued demand from franchisees. The network generated $955 million in sales, up 6.3% from the prior year, underscoring continuous guest brand loyalty and commitment to their waxing routines.
"It's an honor to be recognized as one of the fastest growing franchises by Entrepreneur," said David Willis, Chief Executive Officer of European Wax Center. "2024 is the 20th anniversary of the European Wax Center brand, and we are confident in our model and expect to deliver another year of top and bottom-line growth thanks to our franchisees and their amazing associates, committed core guests and strong development pipeline. We look forward to expanding our leadership position in out-of-home waxing and providing a best-in-class experience."
The Fastest-Growing Franchises ranking system is based on information submitted to Entrepreneur for its annual Franchise 500 ® and is part of the brand's continuing effort to best understand and evaluate the ever-changing franchise marketplace. The ranking appears in the March/
To view European Wax Center in the 2024 Fastest-Growing Franchises list, pick up the March/April issue of Entrepreneur magazine, available on newsstands now, or visit https://www.entrepreneur.com/franchises/fastestgrowing. To find a European Wax Center near you, go to waxcenter.com.
About European Wax Center, Inc.
European Wax Center, Inc. (NASDAQ: EWCZ) is the largest and fastest-growing franchisor and operator of out-of-home waxing services in
Written By: Investing.com
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