Business
Mister Car Wash Announces Second Quarter 2025 Results
Net revenues increased 4%Comparable-store sales increased 1.2%Unlimited Wash Club® (“UWC”) memberships increased 5%Opened 4 new greenfield locationsUpdates
About this update from Mister Car Wash, Inc.
[{"type":"text","content":"Net revenues increased 4%Comparable-store sales increased 1.2%Unlimited Wash Club® (“UWC”) memberships increased 5%Opened 4 new greenfield locationsUpdates full year 2025 outlook TUSCON, Ariz., July 30, 2025 (GLOBE NEWSWIRE) -- Mister Car Wash, Inc. (the “Company”) (Nasdaq: MCW), the nation’s leading car wash brand, today announced its financial results for the quarter ended June 30, 2025. “Fueled by the strength of our UWC subscription model and the solid execution of our teams, we delivered our ninth consecutive quarter of positive comp-store sales growth in the second quarter—even amidst a challenging retail environment. Our membership base grew 5% year-over-year, underscoring the effectiveness of our model in converting retail traffic into a robust stream of recurring revenue,” commented John Lai, Chairperson, President and CEO of Mister Car Wash. “With strong cash flow generation powering reinvestment and innovation, our results through the first-half of 2025 reinforce the durability of our strategy and our commitment to delivering long-term value to customers and shareholders alike.” Second Quarter 2025 Highlights: Net revenues increased 4% to $265.4 million, up from $255.0 million in the second quarter of 2024.Comparable-store sales increased 1.2% during the quarter.UWC sales represented 76% of total wash sales compared to 72% in the second quarter of 2024.Ended the quarter with over 2.2 million UWC members representing a year-over-year increase of 102 thousand members or 5%.Opened 4 new greenfield locations, bringing the total net number of car wash locations operated to 522 as of June 30, 2025, an increase of 6% compared to 491 car wash locations as of June 30, 2024.Net income and net income per diluted share were $28.6 million and $0.09, respectively.Adjusted net income(1) and adjusted net income per diluted share(1) were $36.5 million and $0.11, respectively.Adjusted EBITDA(1) decreased 2% to $87.0 million from $88.7 million in the second quarter of 2024. Six Month 2025 Highlights: Net revenues increased 7% to $527.1 million, up from $494.2 million in the prior year.Comparable-store sales increased 3.6%.The Company opened 8 new greenfield locations.Net income and net income per diluted share were $55.6 million and $0.17, respectively.Adjusted net income(1) and adjusted net income per diluted share(1) were $71.6 millio...