European Wax Center Shares Drop After Q3 Results

European Wax Centers shares plummeted in morning trading following disappointing Q3 results, despite beating analyst expectations. Revenue dropped by 2.2% year-over-year, and the company projected a net loss of 23-28 centers. Store closures and customer acquisition challenges contributed to the decline, but the market reaction may not entirely reflect long-term views.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.