Mister Car Wash, Inc. (NYSE:MCW) Q3 2024 Earnings Conference Call October 30, 2024 4:30 PM ET
Company Participants
John Lai - Chairman & Chief Executive Officer
Jed Gold - Chief Financial Officer
Conference Call Participants
Justin Kleber - Baird
Simeon Gutman - Morgan Stanley
John Heinbockel - Guggenheim Securities
David Bellinger - Mizuho
Michael Lasser - UBS
Christian Carlino - JPMorgan
Sabrina Baxamusa - William Blair
David Lantz - Wells Fargo
Operator
Good afternoon and welcome to Mister Car Wash’s Conference Call to discuss Financial Results for the Third Quarter ending September 30, 2024. [Operator Instructions] Please note that this is being recorded and a 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, Chairman and Chief Executive Officer and Jed Gold, Chief Financial Officer. After John and Jed have made their formal remarks, we will open the call for 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 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 management’s current expectations.
Please be advised that the statements made today are current only as of this call and are 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 or 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. Lai.
John Lai
Good afternoon, and thank you for joining our third quarter earnings call. We're feeling good about the business and how things are trending. Our Titanium introduction continues to exceed our expectations. UWC member engagement remains strong, and we're seeing a reacceleration in retail traffic. The team has also done a fantastic job of managing expenses and increasing productivity, while we continue to invest in our stores and our people to support our long-term growth opportunity.