Shares of European Wax Center (NASDAQ:EWCZ) dropped 3% after announcing new executive appointments – Angela Jaskolski as COO and Kurt Smith as Chief Development Officer. The company is undergoing a leadership overhaul during a challenging year, aiming to enhance operations and drive growth. The stock closed at $5.02, down 2.6% from previous close. Despite the market reaction, this news may not fundamentally change perceptions of the business. European Wax Center reported strong first quarter 2025 results, beating sales and earnings estimates. The stock is down 21.1% YTD and trading 49.3% below its 52-week high.

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