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(MCW) – Mister Car Wash Q3 Earnings Top Estimates, Lifts FY21 Revenue Outlook


Mister Car Wash Q3 Earnings Top Estimates, Lifts FY21 Revenue Outlook

  • Mister Automobile Wash Inc (NYSE: MCW) reported third-quarter FY21 gross sales development of 24.7% year-on-year, to $194.31 million, beating the analyst consensus of $188.16 million.
  • Comparable retailer gross sales elevated 21.3% versus final yr and compounded two-year comparable shops gross sales rose 14.5% versus 3Q19.
  • The corporate had 1.564 million Limitless Wash Membership (UWC) members as of September 30, 2021, a 31.5% rise Y/Y.
  • Whole prices and bills rose 37.5% Y/Y to $154.8 million.
  • The working margin was 20.3%, and working revenue for the quarter fell 8.6% to $39.5 million.
  • The corporate held $162.2 million in money and equivalents as of September 30, 2021. Internet money supplied by working actions for the 9 months totaled $153.3 million.
  • Adjusted EBITDA elevated 43.9% Y/Y to $62.5 million.
  • Adjusted EPS of $0.11 beat the analyst consensus of $0.10.
  • Outlook: Mister Automobile Wash raised FY21 gross sales steering to $751 million – $756 million (prior view ~$747 million), versus the consensus of $746.4 million.
  • The corporate raised the decrease finish of FY21 adjusted EPS outlook to $0.40 – $0.44 (prior view $0.39 – $0.44) versus the consensus of $0.41.
  • Worth Motion: MCW shares closed decrease by 1.87% at $18.35 on Thursday.

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