Net revenues increased 6%
Comparable-store sales increased 0.9%
Unlimited Wash Club® (“UWC”) memberships increased 5% year-over-year
Opened six new greenfi
Conveyorized car wash service company Mister Car Wash (NYSE:MCW) fell short of analysts' expectations in Q1 CY2024, with revenue up 5.9% year on year to $239.2 million. On the other hand, the company's outlook for the full year was close to analysts' estimates with revenue guided to $1.00 billion at the midpoint. It made a non-GAAP profit of $0.08 per share, down from its profit of $0.08 per share in the same quarter last year.
Shares of Mister Car Wash, Inc. (NYSE:MCW – Get Free Report) were down 2.8% on Wednesday . The stock traded as low as $7.22 and last traded at $7.25. Approximately 410,739 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 1,351,605 shares. The stock had previously closed at […]