Wrapping up Q3 earnings, we look at the numbers and key takeaways for the leisure facilities stocks, including European Wax Center (NASDAQ: EWCZ) and its peers.

Leisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from "things" to "experiences". Leisure facilities seek to benefit but must innovate to do so because of the industry's high competition and capital intensity.

The 11 leisure facilities stocks we track reported a satisfactory Q3. As a group, revenues missed analysts’ consensus estimates by 0.7% while next quarter’s revenue guidance was 0.6% below.

Thankfully, share prices of the companies have been resilient as they are up 7.9% on average since the latest earnings results.

European Wax Center (NASDAQ: EWCZ)

Founded by two siblings, European Wax Center (NASDAQ: EWCZ) is a beauty and waxing salon chain specializing in professional wax services and skincare products.

European Wax Center reported revenues of $54.19 million, down 2.2% year on year. This print exceeded analysts’ expectations by 2.7%. Overall, it was a strong quarter for the company with a beat of analysts’ EPS and EBITDA estimates.

Chris Morris, Chairman and CEO of European Wax Center, Inc., stated: “European Wax Center delivered a solid third quarter performance as we continued to strengthen the fundamentals that power our business model. Our new leadership team is executing with discipline and remains focused on our three strategic priorities: driving sales through traffic growth, improving four-wall profitability for our franchisees, and pursuing disciplined, profitable expansion.”

European Wax Center delivered the weakest full-year guidance update of the whole group. Interestingly, the stock is up 14.4% since reporting and currently trades at $4.18.

Is now the time to buy European Wax Center? Access our full analysis of the earnings results here, it’s free for active Edge members.

Best Q3: AMC Entertainment (NYSE: AMC)

With a profile that was raised due to meme stock mania beginning in 2021, AMC Entertainment (NYSE: AMC) operates movie theaters primarily in the US and Europe.

AMC Entertainment reported revenues of $1.3 billion, down 3.6% year on year, outperforming analysts’ expectations by 6.3%. The business had an exceptional quarter with a solid beat of analysts’ EBITDA estimates.

AMC Entertainment delivered the biggest analyst estimates beat among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 38.3% since reporting. It currently trades at $1.56.

Is now the time to buy AMC Entertainment? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: United Parks & Resorts (NYSE: PRKS)

Parent company of SeaWorld and home of the world-famous Shamu, United Parks & Resorts (NYSE: PRKS) is a theme park chain featuring marine life, live entertainment, roller coasters, and waterparks.

United Parks & Resorts reported revenues of $511.9 million, down 6.2% year on year, falling short of analysts’ expectations by 5.2%. It was a disappointing quarter as it posted a miss of analysts’ revenue estimates.

As expected, the stock is down 19.9% since the results and currently trades at $37.05.

Read our full analysis of United Parks & Resorts’s results here.

Topgolf Callaway (NYSE: MODG)

Formed between the merger of Callaway and Topgolf, Topgolf Callaway (NYSE: MODG) sells golf equipment and operates technology-driven golf entertainment venues.

Topgolf Callaway reported revenues of $934 million, down 7.8% year on year. This result surpassed analysts’ expectations by 2.3%. It was a very strong quarter as it also logged EBITDA guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates.

Topgolf Callaway delivered the highest full-year guidance raise but had the slowest revenue growth among its peers. The stock is up 42.6% since reporting and currently trades at $13.22.

Read our full, actionable report on Topgolf Callaway here, it’s free for active Edge members.

Lucky Strike (NYSE: LUCK)

Born from the transformation of traditional bowling alleys into modern entertainment destinations, Lucky Strike (NYSE: LUCK) operates bowling alleys and other entertainment venues with upscale amenities, arcade games, and food and beverage services across North America.

Lucky Strike reported revenues of $292.3 million, up 12.3% year on year. This number topped analysts’ expectations by 3.3%. Overall, it was a strong quarter as it also produced a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.

The stock is up 15.7% since reporting and currently trades at $9.34.

Read our full, actionable report on Lucky Strike here, it’s free for active Edge members.

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