Earnings release
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August 12 , 2021 Mister Mister Car Wash Announces Second Quarter Fiscal 2021 Financial Results Record $ 197.1 Million Second Quarter Net Revenues - 93 % Increase over Q2 Fiscal 2020 93 % Comparable Stores Sales Increased including 39 % Increase in UWC Members Opened 7 new locations in Fiscal Q2 Provides Fiscal 2021 Outlook TUCSON , Ariz .-- ( BUSINESS WIRE ) -- Mister Car Wash , Inc. ( " Company " NYSE : MCW ) , the nation's largest car wash brand , today announced its financial results for the quarter ended June 30 , 2021 . John Lai , Chairperson and CEO of Mister Car Wash , stated , “ We are very pleased to report record sales for the second quarter , underscored by continued strength in our comparable stores sales growth and the addition of approximately 143,000 new Unlimited Wash ClubⓇ ( " UWC " ) members . This performance is a testament to the team we've built over the past 25 years and their relentless focus on operational excellence and delivering a great customer experience . " Ⓡ Mr. Lai continued , " Upon entering our next chapter as a public company , we continue to see significant growth ahead as we capitalize on the strong fundamentals of our business as well as on the highly fragmented and resilient industry in which we operate . We believe we are well positioned to continue driving sustainable profitable growth in the years ahead as our team continues to deliver exceptional service , providing our customers not only the best car wash , but a fast , smooth and seamless experience . " Second Quarter Highlights Net revenues increased 93 % to $ 197.1 million for the second quarter of 2021 from $ 101.9 million in Q2 fiscal 2020 and increased 25 % from Q2 fiscal 2019 . o Our revenue growth for Q2 fiscal 2021 was impacted by a $ 5.1 million decrease in oil change revenue as a result of the divestiture of our quick lube facilities in December 2020. We are also comparing to a prior year period when we temporarily suspended our services including UWC billings , at more than 300 of our locations between March 2020 and May 2020 in response to the rapid onset of the pandemic . • Comparable stores sales increased 93 % for the second quarter of 2021 compared to Q2 fiscal 2020 . o Compounded two - year comparable stores sales * increased 22 % compared to the second quarter of 2019 . • As of June 30 , 2021 , the Company had 1.5 million UWC members , which represented