Dutch Bros Delivers Impressive First-Quarter Results

Thursday, 9 May 2024, 17:49

Dutch Bros' stock surged as the upstart coffee chain reported a 39.5% revenue increase in the first quarter, driven by a 10% same-store sales growth and successful expansion efforts. Operating leverage also improved substantially, leading to a 120% rise in adjusted EBITDA and an increase in adjusted earnings per share. The company raised its full-year guidance, showcasing confidence in sustaining growth and profitability.
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Dutch Bros Delivers Impressive First-Quarter Results

Dutch Bros pleases the market

The stock saw significant gains this week as Dutch Bros reported strong first-quarter results. Revenue surged 39.5% to $275.1 million, accompanied by a same-store sales increase of 10% and the addition of 45 new stores in 14 states.

The company also achieved a milestone with average unit volumes reaching $2 million for the first time. Operating leverage was notably enhanced as company-operated shop gross profit nearly doubled to $54.3 million.

Can Dutch Bros keep gaining?

Building on the momentum from the previous year, Dutch Bros aims to maintain growth through its rewards program and strategic expansion initiatives. The company raised its revenue and EBITDA guidance for the year, reflecting optimism in continued success.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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