NASDAQ$MCW
Mister Car Wash Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Mister Car Wash's financial performance was in line with expectations, driven by resilient subscription business and new location openings.
Mister Car Wash reported a 6% increase in net revenues to $239.2 million. Comparable-store sales increased by 0.9%, and the Unlimited Wash Club memberships grew by 5% year-over-year, reaching 2.1 million members. The company opened six new greenfield locations and managed expenses to deliver strong cash flow and $75.2 million of adjusted EBITDA.
- Net revenues increased by 6% to $239.2 million.
- Comparable-store sales increased by 0.9%.
- Unlimited Wash Club (UWC) memberships increased by 5% year-over-year, totaling 2.1 million members.
- Six new greenfield locations were opened, bringing the total to 482 locations.
Headline financials
Revenue & EPS history
Mister Car Wash · Revenue · Quarterly
$239M
Forward guidance
The Company reiterates the guidance previously provided for the fiscal year ending December 31, 2024:
Tailwinds
- Net revenues $988 to $1,016 million
- Comparable-store sales growth % 0.5% to 2.5%
- Adjusted net income $99 to $111 million
- Adjusted EBITDA $291.5 to $308 million
- Diluted adjusted net income per share $0.30 to $0.34
Headwinds
- Interest expense, net $81 million
- Rent expense, net Approx. $111 million
- Weighted average common shares outstanding, diluted, full year 330 million
- New greenfield locations Approx. 40
- Capital expenditures(1) $364 to $405 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 2024
+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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