European Wax Center, Inc.

European Wax Center, Inc. is a leading franchisor and operator of out-of-home ("OOH") waxing services in the United States. The company delivered approximately 23 million waxing services in both 2025 and 2024. Through its highly franchised network, European Wax Center generated system-wide sales of $947 million in fiscal 2025 and $951 million in fiscal 2024. As of January 3, 2026, its portfolio of centers operates in 1,047 locations across 44 states. Of these locations, 1,042 are franchised centers operated by franchisees and five are corporate-owned centers. The company offers high-quality, hygienic waxing services administered by licensed, EWC-trained estheticians, referred to as "wax specialists," at its accessible and welcoming locations, or "centers." Its technology-enabled guest interface simplifies the guest experience with automated appointment scheduling and remote check-in capabilities. The pre-paid Wax Pass program is also offered to make payment easy and convenient. The company's asset-light franchise platform is characterized by 99% of its centers being owned and operated by franchisees.