Mister Car Wash, Inc. - MCW STOCK NEWS

Mister Car Wash, Inc. (NYSE: MCW) announced a secondary offering of 12 million shares at $19.57 per share, exclusively by selling stockholders including Leonard Green & Partners and company management. The offering, expected to close around August 26, 2021, will not yield proceeds for the company. Morgan Stanley is the sole underwriter, with options for an additional 1.8 million shares. A shelf registration statement is effective, allowing the sale under SEC regulations.

Mister Car Wash, Inc. (NYSE: MCW) has announced a secondary offering of 12,000,000 shares of its common stock by affiliated investment funds and some members of its management team. Notably, the company will not receive any proceeds from this sale. The underwriter, Morgan Stanley, may purchase up to an additional 1,800,000 shares. A shelf registration statement on Form S-1 has been declared effective by the SEC. This offering does not constitute an offer to sell or the solicitation to buy, and the company emphasizes its commitment to operational excellence.

Mister Car Wash (NYSE: MCW) has announced the opening of a new location in West Jordan, Utah, expanding its footprint in the state. The new store, located at 5512 West 7800 S., will celebrate with promotional offers on Unlimited Wash Club® memberships throughout August. With over 350 car washes nationwide, the company emphasizes its core value of 'We Care' in customer service. The store will operate Monday to Saturday from 7:30 a.m. to 8:00 p.m. and Sunday from 8:00 a.m. to 6:00 p.m.

Mister Car Wash, NYSE: MCW, reported financial results for Q2 2021, with net revenues soaring 93% to $197.1 million year-over-year. Comparable store sales also jumped 93%, reflecting recovery post-pandemic. The company added 143,000 Unlimited Wash Club members, totaling 1.5 million. However, they faced a net loss of $110.3 million, primarily due to a $202 million one-time IPO-related charge. Adjusted net income improved to $41.4 million. Fiscal 2021 outlook projects ~30% revenue growth with comparable store sales growth of 29% to 33%.

Mister Car Wash (NYSE: MCW) has expanded its Florida presence by acquiring two locations in the Orlando area, one of which recently opened, while the other is set to open in Fall. Renovations included updating signage, member lanes, and new wash equipment. The company aims to enhance customer experience, particularly for Unlimited Wash Club members. This expansion aligns with Mister's strategy to complement its existing market footprint and improve service quality.

Mister Car Wash, Inc. (NYSE: MCW) is expanding in California with two new locations in Turlock and Riverbank. The Turlock location opened recently, while the Riverbank site is set to launch in August 2021. With 39 locations in California and over 500 employees statewide, Mister aims to enhance customer options in the Central Valley. Special promotions on Unlimited Wash Club® memberships will be available at the new sites. Mister operates over 340 car washes nationwide and is recognized for its large car wash subscription program in North America.

Mister Car Wash (NYSE:MCW) will release its second-quarter fiscal 2021 financial results after market close on August 12, 2021. A conference call will follow at 4:30 p.m. ET to discuss these results. Investors can participate by dialing 877-300-8521 or 1-412-317-6026 for international calls, with a live audio webcast available at https://ir.mistercarwash.com/. A recorded replay will be accessible shortly after the call and available for 90 days.

Mister Car Wash announced the acquisition of Super Suds Car Wash located in Abilene, Texas, expanding its service capabilities in the region. This acquisition enhances Mister's ability to serve existing customers and offers Super Suds members access to its nationwide locations. The integration process will begin over the next year, with plans for rebranding and optimizing services. Mister Car Wash operates over 340 locations and boasts the largest car wash subscription program in North America, highlighting its commitment to quality and customer experience.

Mister Car Wash has launched a new location in Hudson, Florida, marking its continued expansion in the state. This site is conveniently located for customers traveling to the coast from major highways. With a workforce of nearly 800 in Florida, Mister Car Wash emphasizes internal growth, with over 90% of store managers promoted from within. The company is hosting free car washes on July 31 and August 1 at the new location. Mister Car Wash operates over 340 car washes and is known for its extensive car wash subscription program in North America.