On Wednesday, European Wax Center’s (NASDAQ: EWCZ) stock surged 21% following positive quarterly results, significantly outperforming the S&P 500’s 0.1% increase. The company reported first-quarter revenue of $51.4 million, supported by a 1% rise in net new stores, totaling 1,062, although this figure represented a slight year-over-year decline of 0.9%. Notably, the revenue exceeded the consensus estimate of $49.4 million, contributing to the stock’s impressive gain.
