Vicky Liu's questions to Mister Car Wash Inc (MCW) leadership • Q2 2025
Question
Vicky Liu from Bank of America requested more detail on the company's investments in repairs and maintenance and the expected performance lift. She also asked about the company's view on white space opportunities across the U.S. and the primary challenges of entering new markets.
Answer
CFO Jedidiah Gold explained that the R&M spending is essential for maintaining industry-leading facilities and uptime, representing non-capitalized upkeep. CEO John Lai added that these investments prevent deferred maintenance and protect the customer experience. Regarding expansion, Lai stated the company sees a runway to double its footprint to over 1,000 stores through a combination of greenfield development and M&A.