Benzinga | Jan 18, 2022 06:12AM EST

European Wax Center Sees FY21 Sales Within Previous Guidance Range Of $175.5M-$178.5M vs $178.08M Est.

Updated Fiscal 2021 Guidance

European Wax Center is also announcing updated financial expectations. For fiscal 2021 (52-weeks ended December 25, 2021), the Company currently expects:

* Total revenue within previous guidance of $175.5 million to $178.5 million, which represents an increase at the midpoint of approximately 71% and 15% from 2020 and 2019, respectively;

* Adjusted net income to slightly exceed previous guidance of $28.0 million to $29.0 million;

* Adjusted EBITDA to slightly exceed previous guidance of $61.0 million to $63.5 million