Dutch Bros Earnings Reports

Dutch Bros achieved strong Q4 growth with a 34.9% YoY increase in revenue and a swing to profitability with $6.37M in net income. Same shop sales rose, driven by increased transactions and strategic initiatives in marketing and loyalty programs.

Dutch Bros Inc. reported a strong third quarter in 2024, with a 28% increase in revenue to $338.2 million. Systemwide same shop sales grew by 2.7%. The company opened 38 new shops and raised its revenue and adjusted EBITDA guidance for the year.

Dutch Bros Inc. reported strong financial results for the second quarter ended June 30, 2024. Total revenues grew by 30.0% to $324.9 million compared to the same period in 2023. The company opened 36 new shops and raised its revenue and Adjusted EBITDA guidance for the year.

Dutch Bros Inc. reported a 39% year-over-year increase in revenue, reaching $275 million for the first quarter of 2024. System same shop sales grew by 10.0%, and the company opened a record-tying 45 new shops. The company also raised its 2024 guidance.

Dutch Bros Inc. reported a 25.9% increase in total revenues, reaching $254.1 million for the fourth quarter of 2023. The company opened 37 new shops, with system same shop sales increasing by 5.0%. Despite the revenue growth, the company reported a net loss of $3.8 million.

Dutch Bros Inc. reported a successful third quarter in 2023, marked by record revenue of $265 million, a 33% increase year-over-year. The company opened 39 new systemwide shops and achieved a 4.0% increase in systemwide same shop sales. They also updated their 2023 guidance, increasing the range for adjusted EBITDA.

Dutch Bros Inc. reported a 34% increase in quarterly revenue to $250 million, driven by new shop openings and systemwide same shop sales growth of 3.8%. The company opened 38 new shops, bringing the total to 754. Company-operated shop gross margin improved to 23.6%, and net income was $9.7 million, a significant increase compared to the previous year. Leadership transition was announced, with Christine Barone set to become CEO on January 1, 2024.

Dutch Bros Inc. reported strong first-quarter 2023 financial results, with a record 45 new systemwide shop openings and a revenue increase of nearly 30% to $197.3 million. The company also saw meaningful margin expansion due to improvements in labor efficiency and G&A leverage.

Dutch Bros Inc. reported a 44.1% increase in total revenues to $201.8 million for the fourth quarter of 2022, driven by 30 new shop openings. System same shop sales decreased by 0.6%, while company-operated same shop sales decreased by 2.1%. The company's net loss was $(2.8) million, an improvement from $(8.2) million in the same period of 2021.

Dutch Bros Inc. reported a 53% increase in revenue to $198.6 million, driven by a record 38 new shop openings. The company also raised its annual revenue guidance and is targeting 150 new shop openings for 2023.

Dutch Bros Inc. reported a 44% increase in revenue to $186.4 million, driven by new shop openings. The company opened 31 new shops and surpassed 600 locations. However, net loss was $(1.8) million, impacted by non-cash equity-based compensation and inflationary pressures.

Dutch Bros Inc. reported a 54% increase in total revenues to $152.2 million for the first quarter of 2022, driven by new shop openings and same shop sales growth. However, the company experienced a net loss of $16.3 million and margin pressure due to record inflation, leading to a revised full-year outlook with a more conservative stance on adjusted EBITDA.

Dutch Bros Inc. reported a 55.8% increase in total revenues for Q4 2021, reaching $140.1 million. System same shop sales grew by 10.1%. The company opened 35 new shops during the quarter, surpassing its previous record.

Dutch Bros Inc. reported strong third-quarter results, surpassing 500 operating shops and achieving a 49.8% increase in total revenues to $129.8 million. The company's focus remains on expanding its footprint and enhancing customer experiences.