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Mister Car Wash (MCW)
NYSE:MCW
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.07Last Year’s EPS
$0.07Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 6.32%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with substantial growth in sales, membership, and strategic expansion, despite some challenges in retail sales and operational disruptions from hurricanes.Company Guidance
During Mister Car Wash's Q3 2024 earnings call, the company provided optimistic guidance, reflecting strong performance and positive business trends. Net revenue increased by 7% to $249 million, with comparable store sales growing by 2.9%, marking six consecutive quarters of positive growth. Adjusted EBITDA rose 10% to $79 million, and the company opened 10 new stores, reaching a milestone of 500 locations. The guidance for the full year 2024 was updated, forecasting net revenue between $988 million and $995 million, adjusted net income of $114 million to $117 million, and adjusted EBITDA of $313 million to $318 million. The company plans to boost its marketing efforts in Q4 to drive retail traffic, with expectations to open approximately 40 new greenfield locations by year-end. Despite some challenges from hurricanes, retail sales and UWC (Unlimited Wash Club) membership trends improved, with a 9% increase in Express revenue per member during the quarter. The company's focus on enhancing customer experience and employee engagement continues to be a priority, contributing to its robust financial performance.Strong Financial Performance
Sales increased 7% to $249 million. Comp store sales increased 2.9%, marking six successive quarters of positive growth. Adjusted EBITDA rose 10% to $79 million.
Expansion Milestone
Opened 10 new stores, including the 500th location, marking a significant expansion milestone.
Successful Marketing Strategies
Implementation of a full funnel media strategy with increased investments in paid social, digital display, and search to drive retail traffic.
Positive Membership Trends
The Titanium membership offering exceeded expectations, with membership mix reaching nearly 24% and a 9% increase in Express revenue per member.
Optimistic Future Outlook
Revised full-year guidance reflects positive momentum, with adjusted EBITDA guidance range increased above the previous high end.
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MCW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MCW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $6.65 | $7.51 | +12.93% |
| Jul 31, 2024 | $7.60 | $7.33 | -3.55% |
| May 01, 2024 | $6.69 | $6.98 | +4.33% |
| Feb 21, 2024 | $8.70 | $7.80 | -10.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mister Car Wash (MCW) report earnings?
Mister Car Wash (MCW) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Mister Car Wash (MCW) earnings time?
Mister Car Wash (MCW) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MCW EPS forecast?
MCW EPS forecast for the fiscal quarter 2024 (Q4) is $0.07.
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