Net Income per Share (Tables)

6 Months Ended

Jun. 25, 2022

European Wax Center, Inc. and Subsidiaries

Schedule of Computation of Basic Net Income Per Share

The following table sets forth the computation of basic net income per share of Class A common stock for the 13 and 26 weeks ended June 25, 2022:

	13 Weeks Ended		26 Weeks Ended
	June 25, 2022		June 25, 2022
(in thousands, except for share and per share amounts)
Net income	$	2,031	$	6,057
Less: net income attributable to noncontrolling interests		775		2,694
Net income applicable to Class A common shareholders	$	1,256	$	3,363
Basic weighted average outstanding shares
Class A Common Stock		37,911,637		37,432,586
Basic net income per share applicable to common shareholders:
Class A Common Stock	$	0.03	$	0.09

The following table sets forth the computation of diluted net income per share of Class A common stock for the 13 and 26 weeks ended June 25, 2022:

	13 Weeks Ended		26 Weeks Ended
	June 25, 2022		June 25, 2022
(in thousands, except for share and per share amounts)
Net income	$	2,031	$	6,057
Less: net income attributable to noncontrolling interests		853		2,872
Net income applicable to Class A common shareholders	$	1,178	$	3,185
Diluted weighted average outstanding shares
Basic weighted average outstanding shares - Class A Common Stock		37,911,637		37,432,586
Effect of dilutive securities:
RSUs		207,550		196,794
Options		36,252		32,598
Diluted weighted average outstanding shares - Class A Common Stock		38,155,439		37,661,978
Diluted net income per share applicable to common shareholders:
Class A Common Stock	$	0.03	$	0.08