Mister Car Wash, Inc. (NYSE:MCW) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET

Company Participants

John Lai - Chairperson, Chief Executive Officer

Jed Gold - Chief Financial Officer

Conference Call Participants

Michael Kessler - Morgan Stanley

Justin Kleber - Baird

John Heinbockel - Guggenheim

Michael Lasser - UBS

Randy Konik - Jefferies

Chris O'Cull - Stifel

Tristan Thomas-Martin - BMO Capital Markets

Operator

Good afternoon, and welcome to Mister Car Wash's Conference Call to Discuss Financial Results for the Third Quarter Ending September 30, 2023. At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session, and instructions will follow at that time. Please note, this call is being recorded, and the reproduction of this call in whole or in part is not permitted without written authorization from the company.

Speaking from management on today's call are John Lai, Chairperson and Chief Executive Officer; and Jed Gold, Chief Financial Officer. After John and Jed have made their formal remarks, we will open the call to questions.

During this conference call references to non-GAAP financial measures will be made. A complete reconciliation of these measures to the most comparable GAAP measures have been included in the company's earnings Press Release issued earlier today and posted to the Investor Relations section of the company's website at www.mistercarwash.com.

As a reminder, comments made on today's call may include forward-looking statements, which are subject to significant risks and uncertainties that could cause the company's actual results to differ materially from the company's current expectations.

Please be advised that the statements made today are currently as of this call and based on the company's present understanding of the market and industry conditions. While the company may choose to update these statements in the future, they are under no obligation to do so unless required by applicable law or regulations.

Please review the forward-looking statements disclaimer contained in the company's latest annual 10-K and 10-Q reports as such factors may be updated from time to time and other filings with the Securities and Exchange Commission.

I will now turn the call over to Mr. John Lai. Please go ahead, sir.

John Lai

Good afternoon, everyone. And thank you for joining our Q3 earnings call. We had a solid third quarter and feel good about the upward momentum in our business. Comp store sales were positive and continue to grow quarter-over-quarter. New build openings are on schedule and performing nicely.