Mister Car Wash Q1 revenue up 3% to $226M; comps down 1.6%, EBITDA down 5.2%

Mister Car Wash, Inc.

2023-Q1 EPS reported $0.06 revenue$225,960,000

Net revenues $226.0M (+3.0% YoY); comparable store sales fell 1.6% (vs +11.0% in Q1 2022).
UWC members surpassed 2.0M; net additions of 122K, up 12.6% YoY; UWC sales 69.3% of wash sales.
Opened 4 new greenfield stores; total locations 439 as of March 31, 2023 (+10% YoY).
Net income $21.1M ($0.06 diluted EPS); adjusted net income $26.7M ($0.08 adjusted EPS).
Adjusted EBITDA $71.0M, down 5.2% from $74.8M; fiscal 2023 guidance reaffirmed.

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