$Mister Car Wash (MCW.US)$ reported Q3 earnings after the bell, with earnings and sales exceeding analyst estimates.
Q3 earnings of $0.09 per share beat the analyst consensus estimate of $0.07 by 28.57 percent. This represents a 12.5 percent increase over earnings of $0.08 per share from the same period last year.
The company reported quarterly sales of $249.33 million, beating the analyst consensus estimate of $249.15 million by 0.07 percent. This is a 6.52 percent increase over sales of $234.08 million during the same period last year.
“We are pleased with our strong third quarter performance and momentum in the business. Our subscription business remained incredibly resilient, our new premium Titanium offering ramped ahead of expectations, retail sales trends moved in the right direction, and we managed expenses. All of this drove strong sales and profit growth in the third quarter,” commented John Lai, Chairperson and CEO of Mister Car Wash.
Looking ahead, the company forecasts fiscal year 2024 EPS range $0.35 - $0.36. Net revenues are estimated at $988 to $995 million.
