PLANO,
Texas, April 4, 2024 /PRNewswire/ -- European
Wax Center (NASDAQ: EWCZ), the largest and fastest-growing
franchisor and operator of out-of-home waxing services in
the United States, is proud to be
recognized by Entrepreneur for a consecutive year as one of
the Fastest-Growing Franchises. European Wax Center ranked at
#19, up from last year's ranking at #30.
Entrepreneur's Fastest Growing Franchises is one of
Entrepreneur's most popular rankings with franchise buyers
eagerly anticipating the unveiling of the best brands in
franchising. European Wax Center will be highlighted in the
March/April issue of Entrepreneur magazine and on
Entrepreneur.com.
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/April
2024 issue of Entrepreneur. Franchise companies are
ranked based on their net U.S. and Canada franchise unit growth from July 2022 to July
2023 as verified by Entrepreneur magazine, with ties
broken based on percentage growth.
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 the United States. European Wax Center
locations perform more than 23 million services per year, providing
guests with an unparalleled, professional personal care experience
administered by highly trained wax specialists within the privacy
of clean, individual waxing suites. The Company continues to
revolutionize the waxing industry with its innovative Comfort
Wax® formulated with the highest quality ingredients to make
waxing a more efficient and relatively painless experience, along
with its collection of proprietary products to help enhance and
extend waxing results. By leading with its values – We Care About
Each Other, We Do the Right Thing, We Delight Our Guests, and We
Have Fun While Being Awesome – the Company is proud to be
Certified™ by Great Place to Work®. European Wax Center, Inc. was
founded in 2004 and is headquartered in Plano, Texas. Its network, which now includes
more than 1,000 centers in 45 states, generated sales of
$955 million in fiscal 2023. For more
information, including how to receive your first wax free, please
visit: https://waxcenter.com.
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SOURCE European Wax Center