Reports Q3 revenue $263.4M, consensus $261.31M. Comparable-store sales increased 3.1% “We delivered a solid third quarter performance, underscoring the strength of our strategy, the resilience of our business model, and the dedication of our team,” said John Lai, Chairperson and CEO of Mister Car Wash (MCW). “I’m pleased to report that we posted our tenth consecutive quarter of comparable-store sales growth. In addition, we delivered robust margin expansion, generated strong free cash flow, and-after the close of the third quarter-completed the acquisition of five stores in Lubbock, TX, significantly expanding our presence in this market. With exciting growth opportunities ahead, we remain focused on expanding our footprint, investing in innovation, and building both our brand and our team-all while delivering the industry’s premier car wash experience.”
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Read More on MCW:
- Mister Car Wash upgraded to Overweight at Stephens on pricing efforts
- Mister Car Wash upgraded to Overweight from Equal Weight at Stephens
- Mister Car Wash downgraded to Neutral from Overweight at Piper Sandler
- Mister Car Wash acquires five stores from Whistle Express
- Mister Car Wash price target lowered to $7 from $8 at Wells Fargo