NEW YORK, NY / ACCESSWIRE / August 30, 2024 / Pomerantz LLP is investigating claims on behalf of investors of European Wax Center, Inc. ("Applied Materials" or the "Company") (NASDAQ:EWCZ). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether European Wax and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On August 14, 2024, European Wax issued a press release 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.
On this news, European Wax's stock price fell sharply during intraday trading on August 14, 2024.
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SOURCE: Pomerantz LLP