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EUROPEAN WAX CENTER European Wax Center , Inc. Reports Record Second Quarter Fiscal 2021 Results and Introduces Guidance for Fiscal 2021 September 14 , 2021 Second Quarter Highlights ( fiscal 2021 compared to fiscal 2020 and fiscal 2019 second quarter ) System - wide sales were $ 218.5 million , a 443 % increase from the second quarter of fiscal 2020 and a 15 % increase from the second quarter of fiscal 2019 • Same - store sales rose 6.9 % from the second quarter of fiscal 2019 , a 13.1 percentage point increase from the first quarter 2021 same - store decline of 6.2 % • Total revenue increased 343 % to $ 47.9 million from the second quarter of fiscal 2020 and 11 % from the second quarter of fiscal 2019 ● • Net income grew $ 19.1 million to $ 7.7 million from the second quarter of fiscal 2020 and increased $ 3.9 million from the second quarter of fiscal 2019 • Adjusted EBITDA grew $ 20.9 million to $ 19.8 million from the second quarter of fiscal 2020 and increased $ 8.4 million from the second quarter of fiscal 2019 . Introduce fiscal year 2021 guidance DALLAS , Sept. 14 , 2021 ( GLOBE NEWSWIRE ) -- Today , European Wax Center , Inc. ( NASDAQ : EWCZ ) , a leading personal care franchise brand founded in 2004 , reports financial results for the 13 and 26 weeks ended June 26 , 2021 , compared to J une 27 , 2020 , and June 29 , 2019 . David Berg , Chief Executive Officer of European Wax Center , Inc. , stated : " We are pleased to report strong second quarter results in a challenging environment . The quarter included significant sales and profit growth relative to pre - pandemic performance and with sales momentum building sequentially from our most recent two quarters , a positive indicator that guests continue to return to their beauty and personal care regimen following pandemic related closures . To this end , same store sales increased 6.9 % on a two - year basis , which represents a 13 - percentage point improvement from the first quarter of fiscal 2021. Total revenue for the second quarter of 2021 was up 11 % compared to 2019 levels , driven by new center openings , new guest acquisition , long - standing guest retention , and positive product sales momentum . We continue to see guest demand consistent with the non - discretionary services we provide , which demonstrates our guests ' trust in and loyalty to our brand and our unparalleled experience as the leader in out - of - home waxing . The quarter also saw continued network expansion with 41 net new center openings since the second quarter of fiscal 2020 and 81 net new center openings since the second quarter of fiscal 2019. Overall , we grew adjusted EBITDA by $ 20.9 million compared to the second quarter of fiscal 2020 and $ 8.4 million compared to the second quarter of fiscal 2019 and delivered strong cash flow fueled by our asset - light business model and our ability to leverage spend as we grow . " " I want to thank our team , our franchise partners , wax specialists , and other stakeholders for their passion and commitment in contributing to our positive performance , " continued Mr. Berg . " I also want to thank our guests who continue to trust us as the category leader in out - of - home waxing . Our purpose is to empower guests to feel great about themselves while delivering consistent , profitable growth and I am extremely proud of all that we have accomplished . As we look ahead , we recognize that the pandemic is not yet behind us and as such we have factored in known impacts into our outlook including a tight labor market in certain geographies . We are well positioned to continue expanding our brand presence and growing our market share over time and we expect to deliver long term sustainable growth and profitability for EWC and its stakeholders as a public company . " ( Dollars in $ 000's ) Total Revenue Net Income Adjusted Net Income Adjusted EBITDA System - Wide Sales Results for the 13 weeks ended I une 26 , 2021 , I une 27 , 2020 , and June 29 , 2019 13 Weeks Ended $ $ $ $ $ June 26 , 2021 47,902 $ 7,729 $ 9,890 $ 19,796 $ 218,499 $ 43,251 3,808 June 29 , 2019 10,813 $ ( 11,372 ) $ ( 10,604 ) $ ( 1,079 ) $ 40,252 $ 3,957 11,439 190,403 June 27 , 2020 Percent Change 2021 vs 2020 343 % 168 % 193 % 1,935 % 443 % Percent Change 2021 vs 2019 11 % 103 % 150 % 73 % 15 % Second Quarter Fiscal 2021 results for the 13 weeks ended June 26 , 2021 , compared to the 13 weeks ended June 27 , 2020 , and 13 weeks ended June 29 , 2019 : ● System - wide sales , which includes the sale of services and retail products as well as cash payments for Wax Passes , were $ 218.5 million across the network of 815 locations , an increase of 443 % from $ 40.3 million in the second quarter of fiscal 2020 and 15 % from $ 190.4 million in the second quarter of fiscal 2019. The increase versus fiscal 2019 reflects