Performance Steady Amidst Strategic Expansions and Subscription Growth
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.
TUCSON, Ariz., May 01, 2024--Mister Car Wash, Inc. (the "Company") (NYSE: MCW), the nation’s largest car wash brand, today announced its financial results for the quarter ended March 31, 2024.