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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 25, 2022
Jun. 26, 2021
Jun. 25, 2022
Jun. 26, 2021
OPERATING EXPENSES        
Depreciation and amortization     $ 10,115 $ 10,409
NET INCOME     6,057 8,831
NET LOSS ATTRIBUTABLE TO EUROPEAN WAX CENTER, INC. $ 968   2,853  
European Wax Center, Inc. and Subsidiaries        
REVENUE        
Total revenue 53,358 $ 47,902 98,784 84,559
OPERATING EXPENSES        
Cost of revenue 14,864 11,540 26,854 21,471
Selling, general and administrative 15,227 12,212 30,702 23,278
Advertising 8,049 6,515 14,605 11,399
Depreciation and amortization 5,055 5,271 10,115 10,409
Total operating expenses 43,195 35,538 82,276 66,557
Income from operations 10,163 12,364 16,508 18,002
Interest expense 8,080 4,635 9,587 9,171
Other expense 33 0 818 0
Income before Income Taxes 2,050 7,729 6,103 8,831
Income tax expense 19 0 46 0
NET INCOME 2,031 7,729 6,057 8,831
Less: net income (loss) attributable to EWC Ventures LLC prior to the Reorganization Transactions 0 7,729 0 8,831
Less: net income attributable to noncontrolling interests 1,063 0 3,204 0
NET LOSS ATTRIBUTABLE TO EUROPEAN WAX CENTER, INC. $ 968 $ 0 $ 2,853 $ 0
European Wax Center, Inc. and Subsidiaries | Class A Common Stock [Member]        
Net income per share        
Earnings Per Share, Basic $ 0.03 $ 0 $ 0.09 $ 0
Earnings Per Share, Diluted $ 0.03 $ 0 $ 0.08 $ 0
Weighted average shares outstanding        
Weighted Average Number of Shares Outstanding, Basic 37,911,637 0 37,432,586 0
Weighted Average Number of Shares Outstanding, Diluted 38,155,439 0 37,661,978 0
European Wax Center, Inc. and Subsidiaries | Product [Member]        
REVENUE        
Total revenue $ 30,502 $ 26,524 $ 55,279 $ 47,141
European Wax Center, Inc. and Subsidiaries | Royalty [Member]        
REVENUE        
Total revenue 12,769 12,030 24,154 20,880
European Wax Center, Inc. and Subsidiaries | Marketing [Member]        
REVENUE        
Total revenue 7,175 6,632 13,626 11,566
European Wax Center, Inc. and Subsidiaries | Other Revenue [Member]        
REVENUE        
Total revenue $ 2,912 $ 2,716 $ 5,725 $ 4,972