NASDAQ$MCW
Mister Car Wash Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Mister Car Wash reported strong sales and membership growth, driven by greenfield performance and team member service.
Mister Car Wash announced its Q1 2022 financial results, with net revenues increasing by 25.0% to $219.4 million compared to Q1 2021. Comparable store sales also increased by 11.0%. The company had 1.781 million Unlimited Wash Club members, a 28.1% increase year-over-year.
- Net revenues increased 25.0% to $219.4 million compared to the first quarter of 2021.
- Comparable stores sales increased 11.0% compared to the first quarter of 2021.
- Unlimited Wash Club memberships increased 28.1% year-over-year, reaching 1.781 million members.
- The company opened three new greenfield locations, bringing the total to 399 locations.
Headline financials
Revenue & EPS history
Mister Car Wash · Revenue · Quarterly
$219M
Forward guidance
The Company reiterates the guidance for the fiscal year ending December 31, 2022:
Tailwinds
- Net revenues $875 to $895 million
- Comparable stores sales growth % 5.0% to 7.0%
- GAAP net income $139 to $149 million
- Adjusted net income $144 to $153 million
- Adjusted EBITDA $284 to $297 million
Headwinds
- Adjusted net income per share, diluted $0.44 to $0.47
- Weighted average common shares outstanding, diluted, full year 329 million
- New greenfield locations Approx. 30
- Capital expenditures $285 to $315 million
- Sale leasebacks $140 to $150 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
+1.5%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+0.2%
Avg return
30 days after
48%
11 / 23 earnings
Positive
+26.1%
Q3 2023
Best reaction
-15.0%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.1% | -0.4% | — | |
| Q4 2025 | +16.5% | +16.3% | +15.8% | |
| Q3 2025 | +8.4% | +5.2% | +2.7% | |
| Q2 2025 | -5.9% | -8.6% | -7.0% | |
| Q1 2025 | +9.2% | +9.8% | +3.2% | |
| Q4 2024 | -1.6% | -0.9% | +6.6% | |
| Q3 2024 | +15.9% | +22.5% | +23.5% | |
| Q2 2024 | -4.6% | -10.8% | -15.2% | |
| Q1 2024 | +4.3% | +14.2% | +5.1% | |
| Q1 2021 | -1.2% | +5.5% | -2.8% | |
| Q4 2023 | -13.4% | -14.4% | -15.9% | |
| Q3 2023 | +26.1% | +26.5% | +54.6% | |
| Q2 2023 | -15.0% | -19.5% | -17.5% | |
| Q1 2023 | +0.7% | +2.9% | -6.7% | |
| Q4 2022 | +4.0% | +2.0% | -7.7% | |
| Q3 2022 | +21.9% | +14.9% | +13.4% | |
| Q2 2022 | -11.6% | -6.1% | -13.3% | |
| Q1 2022 | -6.8% | -3.4% | -2.2% | |
| Q4 2021 | +0.6% | -0.3% | -7.5% | |
| Q3 2020 | +2.1% | -4.6% | -1.4% | |
| Q3 2021 | -5.0% | -3.0% | -4.9% | |
| Q4 2020 | -8.9% | -6.1% | -9.5% | |
| Q2 2021 | -1.7% | -9.3% | -8.5% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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