NASDAQ$MCW
Mister Car Wash Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Mister Car Wash's financial performance demonstrated resilience with revenue growth and UWC membership increase.
Mister Car Wash reported a 14.2% increase in net revenues, reaching $225.2 million, and a 2.4% increase in comparable store sales. The company added over 59,000 Unlimited Wash Club members, bringing the total to 1.841 million, a 20% increase year-over-year. Net income was $35.7 million, or $0.11 per diluted share.
- Net revenues increased by 14.2% to $225.2 million.
- Comparable stores sales increased by 2.4%.
- Unlimited Wash Club memberships increased by 20.0%, reaching 1.841 million members.
- Net income was $35.7 million, with earnings per diluted share at $0.11.
Headline financials
Revenue & EPS history
Mister Car Wash · Revenue · Quarterly
$225M
Forward guidance
The Company is adjusting its outlook for the fiscal year ending December 31, 2022.
Tailwinds
- Net revenues are expected to be $860 to $880 million.
- Comparable stores sales growth % is expected to be 3.0% to 5.0%.
- Adjusted net income is expected to be $118 to $128 million.
- Adjusted EBITDA is expected to be $268 to $278 million.
- Sale leasebacks are expected to be $140 to $150 million.
Headwinds
- Previous net revenues were expected to be $875 to $895 million.
- Previous comparable stores sales growth % was expected to be 5.0% to 7.0%.
- Previous adjusted net income was expected to be $144 to $153 million.
- Previous adjusted EBITDA was expected to be $284 to $297 million.
- Capital expenditures are expected to be $235 to $285 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 Q2 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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