Recap: European Wax Center Q1 Earnings - European Wax Center (NASDAQ:EWCZ)

European Wax Center EWCZ reported its Q1 earnings results on Wednesday, May 10, 2023 at 06:00 AM.

Here's what investors need to know about the announcement.

European Wax Center beat estimated earnings by 25.0%, reporting an EPS of $0.05 versus an estimate of $0.04.

Revenue was up $4.47 million from the same period last year.

Last quarter the company beat on EPS by $1.0 which was followed by a 4.04% drop in the share price the next day.

Here's a look at European Wax Center's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.08	0.08	0.09	0.09
EPS Actual	1.08	0.11	0.19	0.17
Revenue Estimate	51.07M	53.96M	54.03M	44.43M
Revenue Actual	53.52M	55.04M	53.36M	45.43M

To track all earnings releases for European Wax Center visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.