MCW Earnings Prediction
The chart below shows how MCW performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MCW sees a -0.22% change in stock price 10 days leading up to the earnings, and a -4.22% change 10 days following the report. On the earnings day itself, the stock moves by -0.48%. This data can give you a slight idea of what to expect for the next quarter's release.
MCW Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
249.33M
6.52%
-2.24%
Gross Margin
--
--
--
Operating Margin
19.77%
0.05%
-16.16%
Net Margin
8.96%
7.69%
3.46%
EPS
0.07
16.67%
0.00%
No Data Available
MCW Earnings Analysis
Mister Car Wash, Inc. Corporation (MCW.N) Earnings Conference Call
Positive
Sales Growth Achievement: Sales increased 7% to $249 million in Q3 2024, demonstrating strong revenue growth.
Consistent Sales Growth: Comparable store sales rose 2.9%, marking six consecutive quarters of positive growth.
EBITDA Improvement: Adjusted EBITDA increased 10% to $79 million, reflecting improved operational efficiency and profitability.
Titanium Membership Revenue Increase: The Titanium membership offering saw a 9% increase in Express revenue per member, contributing to overall revenue growth.
Store Expansion Strategy: The company opened 10 new stores, including its 500th location, highlighting its expansion strategy and market presence.
Negative
Rising Interest Costs: 1. Increased Interest Expense: Interest expense rose by 8% to $21 million due to increased borrowings, impacting overall profitability.
Cash Liquidity Concerns: 2. Weak Cash Position: Cash and cash equivalents were only $16 million at the end of the quarter, raising concerns about liquidity.
Increased Operating Expenses: 3. Higher Operating Expenses: Other store operating expenses increased by 130 basis points to 32.6%, primarily due to higher rent and utility costs.
Retail Sales Decline: 4. Decline in Retail Sales: Retail sales declined in the mid to high-single-digit range during the quarter, indicating ongoing challenges in this segment.
Membership Contraction Analysis: 5. Slight Decrease in Membership: There was a slight contraction in net members overall, attributed to softness in retail and a focus on upgrading existing members.
MCW FAQs
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MCW Earning Call Sentiment
Mister Car Wash, Inc. (MCW) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MCW.N
1.07%Positive
The earnings call reveals strong financial performance, with net revenues and adjusted EBITDA growing year-over-year. Despite operational challenges, guidance remains optimistic with sequential improvements noted. The Titanium membership is sticky, and the company is expanding through new store openings and sale-leaseback transactions. However, increased interest expenses and underperforming vacuums pose risks. Given the market cap, the stock is likely to react positively but not excessively, resulting in a positive prediction (2% to 8%) over the next two weeks.