NASDAQ$MCW
Mister Car Wash Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Mister Car Wash's financial performance for Q3 2022 reflected revenue growth and continued expansion.
Mister Car Wash reported a 12.0% increase in net revenues, reaching $217.6 million. Comparable store sales increased by 2.9%, and the company expanded its Unlimited Wash Club memberships by 18.9%, reaching 1.860 million members. The company opened eight new greenfield locations and acquired three locations, increasing the total number of car wash locations to 420.
- Net revenues increased by 12.0% to $217.6 million compared to Q3 2021.
- Comparable stores sales increased by 2.9% compared to a 21.3% increase in Q3 2021.
- Unlimited Wash Club memberships increased by 18.9%, with over 19,000 new members added in Q3.
- The company expanded its operations to 420 locations, including eight new greenfield and three acquired locations.
Headline financials
Revenue & EPS history
Mister Car Wash · Revenue · Quarterly
$218M
Forward guidance
The Company is adjusting its outlook for the fiscal year ending December 31, 2022.
Tailwinds
- Net revenues $865 to $880 million
- Comparable stores sales growth % 4.0% to 5.0%
- Adjusted net income $123 to $128 million
- Adjusted EBITDA $273 to $278 million
- Diluted adjusted net income per share $0.38 to $0.39
Headwinds
- Interest Expense $43 million
- Weighted average common shares outstanding, diluted, full year 328 million
- New greenfield locations At least 25
- Capital expenditures(1) $200 to $240 million
- Sale leasebacks $90 to $95 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 Q3 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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