Mister Car Wash, Inc. ( (MCW) ) has released its Q1 earnings. Here is a breakdown of the information Mister Car Wash, Inc. presented to its investors.
Mister Car Wash, Inc. is the largest car wash brand in North America, offering a subscription-based service and operating over 500 locations. The company is known for its commitment to customer experience and environmental responsibility.
In the first quarter of 2025, Mister Car Wash reported a 9% increase in net revenues, reaching $261.7 million, and a 6% rise in comparable-store sales. The company also expanded its Unlimited Wash Club® memberships by 5% year-over-year and opened four new greenfield locations.
Key financial highlights include a net income of $27 million and an adjusted EBITDA increase of 14% to $85.6 million. The company ended the quarter with over 2.2 million Unlimited Wash Club members and a total of 518 locations, marking a 7% increase from the previous year.
Looking ahead, Mister Car Wash has raised the low end of its guidance for the full fiscal year 2025, expecting net revenues between $1,046 million and $1,064 million. The company remains focused on strategic growth and operational excellence to maintain its leadership position in the industry.