SAN DIEGO, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether European Wax Center, Inc. (NASDAQ: EWCZ) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
What if I purchased European Wax securities? If you purchased securities and suffered losses on your investment, join our investigation now:
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Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471.
There is no cost or obligation to you.
What is Johnson Fistel investigating? On August 14, 2024, European Wax issued a press release disclosing its financial results for the second quarter of the fiscal year. Among other matters, European Wax revised its revenue forecast for 2024 to a range of $216 million to $221 million, in contrast to the previous guidance of $225 million to $232 million. Additionally, the company adjusted its net income forecast to a range of $19 million to $22 million, down from the prior guidance of $22 million to $25 million. Furthermore, the Company announced that its Board of Directors has appointed David Berg as Chief Executive Officer (CEO), effective August 12, 2024. Mr. Berg succeeds David Willis, who previously served as CEO.
What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com.
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James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
