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European Wax issued a press release on August 14, 2024, reporting its financial results for the second quarter of its fiscal year. Among other items, European Wax lowered its 2024 revenue forecast to a range of $216 million to $221 million, compared to prior guidance of $225 million to $232 million, and lowered its net income forecast to a range of $19 million to $22 million, compared to prior guidance of $22 million to $25 million. Following this news, European Wax's stock price fell sharply during intraday trading on the same day.
In order to be eligible to join the EWCZ class action lawsuit, you must have incurred a loss on shares of European Wax purchased during the class period listed above.
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