Dutch Bros
🇺🇸 NYSE:BROS
•
Dec 31, 2024
Dutch Bros Q4 2024 Earnings Report
Key Takeaways
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 Revenue
Dutch Bros EPS
Dutch Bros Revenue by Segment
Dutch Bros Revenue by Geographic Location
Forward Guidance
Dutch Bros expects continued revenue growth in 2025, supported by increased store openings, mobile ordering expansion, and potential food offerings. Adjusted EBITDA is expected to improve despite rising coffee costs.
Positive Outlook
- Projected revenue between $1.555B - $1.575B (+21.4% YoY)
- Same shop sales expected to grow between 2% - 4%
- At least 160 new shop openings planned for 2025
- Mobile order and throughput initiatives expected to enhance transaction volume
- Adjusted EBITDA forecasted at $265M - $275M
Challenges Ahead
- Rising coffee costs expected to impact margins
- Labor costs remain a potential headwind
- Expansion into food offerings introduces operational complexity
- Macroeconomic uncertainty may affect consumer demand
- Franchise revenue growth remains slower than company-operated segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income