Basic net income per share of Class A common stock is computed by dividing net income attributable to Class A common shareholders for the period by the weighted average number of shares of Class A common stock outstanding for the same period. Shares issued during the period and shares reacquired during the period are weighted for the portion of the period in which the shares were outstanding. Diluted net income per share of Class A common stock is computed by dividing net income attributable to Class A common shareholders by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities using the more dilutive of either the treasury stock method or the if-converted method.

The following table sets forth the computation of basic net income per share of Class A common stock for the 13 weeks ended April 4, 2026 and April 5, 2025:


	For the Thirteen Weeks Ended
	April 4, 2026		April 5, 2025
(in thousands, except for share and per share amounts)
Net income	$	1,613	$	2,570
Less: net income attributable to noncontrolling interests		433		815
Net income applicable to Class A common shareholders	$	1,180	$	1,755
Basic weighted average outstanding shares
Class A Common Stock		43,854,766		43,300,933
Basic net income per share applicable to common shareholders:
Class A Common Stock	$	0.03	$	0.04

The following table sets forth the computation of diluted net income per share of Class A common stock for the 13 weeks ended April 4, 2026 and April 5, 2025:


	For the Thirteen Weeks Ended
	April 4, 2026		April 5, 2025
(in thousands, except for share and per share amounts)
Net income	$	1,613	$	2,570
Less: net income attributable to noncontrolling interests		429		814
Net income applicable to Class A common shareholders	$	1,184	$	1,756
Diluted weighted average outstanding shares
Basic weighted average outstanding shares - Class A Common Stock		43,854,766		43,300,933
Effect of dilutive securities:
RSUs and Restricted Shares		491,613		120,313
Diluted weighted average outstanding shares - Class A Common Stock		44,346,379		43,421,246
Diluted net income per share applicable to common shareholders:
Class A Common Stock	$	0.03	$	0.04

For the 13 weeks ended April 4, 2026, diluted net income per share of Class A common stock was calculated using the treasury stock method. For the 13 weeks ended April 5, 2025, diluted net income per share of Class A common stock was calculated using the treasury stock method.

Shares of Class B common stock do not share in the earnings or losses attributable to the Company and are therefore not participating securities. As such, separate presentation of basic and diluted net income per share of Class B common stock under the two-class method has not been presented. Shares of Class B common stock are, however, considered potentially dilutive shares of Class A common stock because shares of Class B common stock, together with the related EWC Ventures Units, are exchangeable into shares of Class A common stock on a one-for-one basis.

The following table sets forth the securities which were excluded from the computation of diluted net income per share of Class A common stock for the 13 weeks ended April 4, 2026 and April 5, 2025 as they were determined to be antidilutive:


	For the Thirteen Weeks Ended
	April 4, 2026		April 5, 2025
Antidilutive securities excluded from the computation of diluted net income per share:
Class B Common Stock		10,519,105		11,865,546
Options		4,134,453		4,267,576
RSUs and Restricted Shares		40,117		402,101
Warrants		2,730,000		2,730,000