secwatch.observer — SEC 8-K summary
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Issuer:     Mister Car Wash, Inc. (MCW)
CIK:        0001853513
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000950170-23-016680
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853513/000095017023016680/0000950170-23-016680-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853513/000095017023016680/mcw-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-016680

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer