NASDAQ$MCW
Mister Car Wash Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Mister Car Wash's financial performance remained solid with revenue growth and UWC membership increase.
Mister Car Wash reported a 5.2% increase in net revenues, reaching $236.9 million. The Unlimited Wash Club (UWC) memberships grew by 12.2%, and comparable store sales increased by 0.3%. The company opened nine new greenfield locations and acquired one location, expanding its total car wash locations to 449. Net income was reported at $27.1 million, or $0.08 per diluted share.
- Net revenues increased by 5.2% to $236.9 million compared to Q2 2022.
- Comparable stores sales increased 0.3% compared to a 2.4% increase in Q2 2022.
- UWC Memberships increased by 12.2% with 2.1 million members as of June 30, 2023.
- Opened nine new greenfield locations and acquired one location, bringing the total to 449 locations.
Headline financials
Revenue & EPS history
Mister Car Wash · Revenue · Quarterly
$237M
Forward guidance
The Company revises the guidance previously provided for the fiscal year ending December 31, 2023:
Tailwinds
- Net revenues $913 to $936 million
- Comparable stores sales growth % -1.0% to 1.0%
- Adjusted net income $94 to $103 million
- Adjusted EBITDA $270 to $283 million
- Diluted adjusted net income per share $0.28 to $0.32
Headwinds
- Net revenues previous $925 to $960 million
- Comparable stores sales growth % previous 0.0% to 3.0%
- Adjusted net income previous $100 to $115 million
- Adjusted EBITDA previous $277 to $297 million
- Diluted adjusted net income per share previous $0.30 to $0.35
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 2023
+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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