Levi & Korsinsky notifies investors that it has commenced an investigation into European Wax Center, Inc. (NASDAQ: EWCZ) concerning potential violations of the federal securities laws.
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.
If you suffered a loss on your European Wax securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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