European Wax Center, Inc. (NASDAQ:EWCZ) reported worse-than-expected second-quarter sales results and lowered its FY24 revenue guidance below estimates on Wednesday. European Wax Center reported quarterly sales of $59.87 million which missed the analyst consensus estimate of $61.33 million by 2.38%. This is a 1.32% increase over sales of $59.09 million the same period last year. European Wax Center named David Berg as CEO, effective Aug. 12. David Berg, Executive Chairman and CEO of European Wax Center, Inc. stated, “I’m excited to be back as CEO at European Wax Center during an important time for our business. While the second quarter marked a period of top line growth, anchored by the consistency and stability of our core guests, the ongoing macroeconomic environment continues ...