NASDAQ$MCW
Mister Car Wash Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Mister Car Wash achieved record revenue growth driven by comparable store sales and UWC member increases.
Mister Car Wash reported a strong second quarter with a 93% increase in net revenues to $197.1 million compared to Q2 2020. Comparable store sales increased by 93%, and the company added approximately 143,000 new Unlimited Wash Club (UWC) members. However, the company reported a net loss of $110.3 million due to a one-time, non-cash charge related to the vesting of legacy performance-vesting options in connection with the IPO.
- Net revenues increased by 93% to $197.1 million compared to Q2 2020.
- Comparable stores sales increased by 93% compared to Q2 2020.
- UWC members increased by 39% year-over-year, reaching 1.5 million members.
- The company operated 351 car wash locations as of June 30, 2021, compared to 327 locations as of June 30, 2020.
Headline financials
Revenue & EPS history
Mister Car Wash · Revenue · Quarterly
$197M
Forward guidance
The Company provided guidance for the fiscal year ended December 31, 2021.
Tailwinds
- Revenues, net growth ~30%
- Comparable stores sales growth 29% to 33%
- Adjusted net income $120 to $135 million
- Adjusted EBITDA $247 to $252 million
- Adjusted net income per share, diluted $0.39 to $0.44
Headwinds
- GAAP net income (loss) $(45) to $(30) million
- Revenue, net growth considers the $23.8 million loss of revenue associated with the divestiture of our quick lube facilities in December 2020.
- Annual unit growth High single digits
- Acquired locations 50 over 5 years
- Comparable stores sales growth Mid single digits
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 Q2 2021
+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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