Earnings release
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November 11 , 2021 Mister Mister Car Wash Announces Third Quarter Fiscal 2021 Financial Results Net revenues increased 24.7 % Comparable store sales increased 21.3 % Unlimited Wash Club memberships increased 31.5 % Opened 9 new locations in the quarter Raising full year 2021 revenue and adjusted EBITDA guidance TUCSON , Ariz .-- ( BUSINESS WIRE ) -- Mister Car Wash , Inc. ( the " Company " ) ( NYSE : MCW ) , the nation's largest car wash brand , today announced its financial results for the quarter ended September 30 , 2021 . Ⓡ " Our third quarter results reflect continued strong top and bottom line performance fueled by our growing , Unlimited Wash Club® ( “ UWC ” ) subscription program and increased operational efficiencies , even as we invest to drive sustainable long - term growth , " stated John Lai , Chairperson and CEO of Mister Car Wash . " As we look ahead , we see significant growth runway to continue to expand our footprint and grow our UWC program . We will remain focused on our commitment to our culture and operational excellence as we service our customers with professionalism , convenience and efficiency . " Highlights for the Third Quarter 2021 • Net revenues increased 24.7 % to $ 194.3 million for the third quarter of 2021 from $ 155.8 million in third quarter of 2020 and increased 19.7 % from the third quarter of 2019 . • Excluding $ 6.8 million of oil change revenue that was included in net revenues in the third quarter of 2020 and generated from the Company's quick lube facilities that were divested in December 2020 , net revenues increased 30 % . • Comparable stores sales increased 21.3 % for the third quarter of 2021 compared to the third quarter of 2020 . • Compounded two - year comparable stores sales * increased 14.5 % from the third quarter of 2019 . • As of September 30 , 2021 , the Company had 1.564 million UWC members , which represented a 31.5 % increase over the prior year period . UWC sales represented approximately 66 % of total washes in the third quarter of 2021 compared to 62 % in the third quarter of 2020 . • The Company opened 9 new car wash locations in the third quarter of 2021 and operated a total of 360 car wash locations as of September 30 , 2021 , compared to 338 locations as of September 30 , 2020 , an increase of 6.5 % . • Net income increased 37.7 % to $ 27.4 million in the third quarter of 2021 compared to $ 19.9 million in the third quarter of 2020. Net income per diluted share increased 14.3 % to $ 0.08 from $ 0.07 for the same respective periods .