Welcome to our dedicated page for Dutch Bros news (Ticker: BROS), a resource for investors and traders seeking the latest updates and insights on Dutch Bros stock.
Dutch Bros Inc. (BROS) is a prominent operator and franchisor of drive-thru coffee shops, known for its commitment to delivering high-quality, hand-crafted beverages. Founded in 1992 in Southern Oregon by brothers Dane and Travis Boersma, Dutch Bros has grown to become the largest privately-held drive-thru coffee company in the United States. The company's headquarters are located in Grants Pass, OR.
With more than 850 locations across 17 states, including Oregon, California, Washington, Idaho, Nevada, Colorado, and Arizona, Dutch Bros serves a diverse menu featuring hot and cold espresso-based drinks, cold brew coffee, proprietary energy drinks, tea, lemonade, smoothies, and other refreshing beverages. The company prides itself on using a premium private bean blend, roasted fresh daily to ensure consistent quality.
In addition to its extensive menu, Dutch Bros is known for its strong community engagement. The company donates one percent of its gross sales to local communities, supporting numerous nonprofit organizations. In 2009 alone, Dutch Bros donated nearly $1 million to groups such as the Muscular Dystrophy Association, American Cancer Society, and Boys & Girls Clubs of America.
Recently, Dutch Bros introduced new Poppin' Boba drinks available at all 850+ locations, showcasing its innovative approach to enhancing the customer experience. This initiative, along with their constant efforts to provide speed, quality, and exceptional service, has solidified Dutch Bros' position in the competitive coffee industry.
For more information about Dutch Bros, their franchising opportunities, and the latest news, visit www.dutchbros.com.
Dutch Bros Coffee (NYSE: BROS) has appointed Venki Krishnababu as their new Chief Technology and Information Officer, effective December 16, 2024. Krishnababu brings nearly 30 years of experience in technology leadership, previously serving as Chief Technology Officer at lululemon athletica, Premera Blue Cross, and holding various leadership roles at Nordstrom.
The appointment aligns with Dutch Bros' strategy to enhance customer experience through technology investment. The company, which operates more than 950 locations across 18 states as of September 30, 2024, focuses on serving hand-crafted beverages with speed and superior service. CEO Christine Barone highlighted Krishnababu's expertise in data analytics, cybersecurity, and digital transformations, as well as his people-centric leadership approach.
Dutch Bros reported strong Q3 2024 results with revenue growing 27.9% to $338.2 million. The company opened 38 new shops across 11 states and achieved system same shop sales growth of 2.7%. Company-operated same shop sales increased 4.0%. Net income reached $21.7 million, up from $13.4 million in Q3 2023. The company completed its mobile order capability rollout, reaching 90% system coverage. Dutch Bros raised its 2024 guidance, now projecting revenues between $1.255-1.260 billion and Adjusted EBITDA between $215-220 million.
Dutch Bros Coffee (BROS) has launched its 2024 holiday menu featuring three seasonal beverages across its 950+ locations. The lineup includes the returning Hazelnut Truffle Mocha with hazelnut mocha and Soft Top™ with caramel drizzle, the Candy Cane Mocha featuring peppermint mocha and Soft Top™ with candy cane sprinks, and the new Winter Shimmer Rebel, an energy drink combining blue raspberry and sweet cream with Soft Top™ and shimmer sprinks. The beverages are served in six festive cup designs, including options for kids and pets, and will be available while supplies last.
Dutch Bros Inc. (NYSE: BROS), a leading quick-service beverage company in the United States, has announced its upcoming Third Quarter 2024 Conference Call and Webcast. The event is scheduled for Wednesday, November 6, 2024, at 5:00 p.m. Eastern Time. CEO and President Christine Barone, along with CFO Joshua Guenser, will host the call to review the company's financial results for the quarter ending September 30, 2024.
The financial results will be released after the market closes on the same day. Interested parties can access the conference call by dialing 1-201-493-6779 or joining the webcast through the company's investor relations website. An archive of the webcast will be available shortly after the call concludes.
Dutch Bros, the popular coffee chain, has unveiled its fall lineup of seasonal drinks, available at all 900+ locations until October 31. The lineup features the return of the fan-favorite Caramel Pumpkin Brûlée Breve, alongside two new additions: the Cookie Butter Latte and the Caramel Apple Rebel.
The Caramel Pumpkin Brûlée Breve combines pumpkin and salted caramel flavors, topped with Soft Top™, pumpkin drizzle, and raw sugar sprinkles. The Cookie Butter Latte offers a rich cookie butter experience, while the Caramel Apple Rebel infuses green apple and salted caramel flavors into an energy drink. These seasonal offerings aim to capitalize on the popular fall flavors and provide customizable options for customers to 'own the season'.
Dutch Bros reported strong financial results for Q2 2024, with $325 million in revenues, marking a 30% YoY increase.
The company opened 36 new shops, surpassing the 900th shop milestone. Same-shop sales grew by 4.1%, while company-operated shop revenues rose 33.6% to $295.3 million. Net income reached $22.2 million, up from $9.7 million in Q2 2023, and adjusted EBITDA increased by 34.1% to $65.2 million.
CEO Christine Barone highlighted the success of traffic-driving initiatives and mobile order roll-out. Dutch Bros also raised its 2024 revenue guidance to between $1.215 billion and $1.230 billion.
Dutch Bros (NYSE: BROS) will hold a Second Quarter 2024 Conference Call and Webcast on August 7, 2024 at 5:00 p.m. ET. The call, hosted by CEO Christine Barone and CFO Joshua Guenser, will review the company’s financial results for the quarter ended June 30, 2024. Dutch Bros, known for its rapid expansion in the U.S. quick service beverage industry, will release its financial results after the market closes on the same day. Interested parties can dial in at 1-201-493-6779 or join the webcast at https://investors.dutchbros.com. The webcast will be archived shortly after the event.
Dutch Bros has launched a new range of summer drinks to help customers beat the heat. Available from July 1, 2024, these offerings capture '90s nostalgia with options like the Cookie Dough Freeze, Sherbet Rebel, and Tropical Frosted Lemonade. The Cookie Dough Freeze blends chocolate chip cookie dough coffee with Soft Top™ and cookie dough pieces. The Sherbet Rebel combines orange and passion fruit with sweet cream and a strawberry float. The Tropical Frosted Lemonade mixes passion fruit, coconut, blue raspberry, and sweet cream. Additionally, the Firecracker Rebel—a red raspberry energy drink with blue poppin' candy and Soft Top™—makes a return for the 4th of July. These drinks are available at all 900+ Dutch Bros locations while supplies last.
Dutch Bros announced the launch of a secondary public offering of 8,762,700 shares of Class A common stock by selling stockholders associated with TSG Consumer Partners. The company itself will not offer any shares and won't receive any proceeds. The offering is managed by BofA Securities and Jefferies. Post-offering, Sean Sullivan will resign from the board, and the selling stockholders will lose the right to designate a director. Additionally, Dutch Bros' Class C and D shares will undergo changes in voting power and conversion, respectively. The offering will be conducted under a shelf registration statement filed with the SEC.
Dutch Bros, a rapidly expanding brand in the U.S. quick-service beverage industry, has announced participation in four upcoming investor conferences. The company will host fireside chats and meet with institutional investors at TD Cowen's 8th Annual Future of the Consumer Conference in New York on June 4, 2024; Baird's 2024 Global Consumer, Technology & Services Conference in New York on June 5, 2024; William Blair's 44th Annual Growth Stock Conference in Chicago on June 6, 2024; and Jefferies Consumer Conference in Nantucket on June 17-18, 2024. Webcasts of these sessions will be accessible via the Dutch Bros Investor Relations website.
FAQ
What is the current stock price of Dutch Bros (BROS)?
What is the market cap of Dutch Bros (BROS)?
What is Dutch Bros Inc.?
Where was Dutch Bros founded?
How many locations does Dutch Bros have?
What kind of products does Dutch Bros offer?
What recent products have Dutch Bros introduced?
What is Dutch Bros' community involvement?
How can I learn more about franchising with Dutch Bros?
Who are the founders of Dutch Bros?
Where is Dutch Bros headquartered?
How does Dutch Bros ensure the quality of its coffee?
