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Jun 30, 2024
Mister Car Wash Q2 2024 Earnings Report
Mister Car Wash's Q2 2024 financial performance was marked by record revenue and adjusted EBITDA, driven by subscription resilience and Titanium offering strength.
Key Takeaways
Mister Car Wash reported an 8% increase in net revenues, reaching $255.0 million, and a 2.4% increase in comparable-store sales. The company added 15,000 net new Unlimited Wash Club members, bringing the total to 2.1 million. Adjusted EBITDA increased by 20% to $88.7 million.
Net revenues increased by 8% to $255.0 million compared to Q2 2023.
Comparable-store sales increased by 2.4% during the quarter.
Unlimited Wash Club sales represented 72% of total wash sales, up from 69% in Q2 2023, with 2.1 million members.
The company opened nine new greenfield locations, bringing the total to 491 locations.
Mister Car Wash
Mister Car Wash
Forward Guidance
The Company reiterates the guidance previously provided for the fiscal year ending December 31, 2024.