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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 (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.
Dutch Bros, a fast-growing drive-thru coffee chain, partners with Olo to implement mobile app ordering and payment at all 850 locations. This collaboration aims to enhance operational efficiency, streamline the ordering process, and offer flexible mobile ordering options to customers. By leveraging Olo's technology, Dutch Bros seeks to maintain its people-first culture while delivering on core values of speed, quality, and service.
Dutch Bros Inc. reported strong financial results for the first quarter of 2024, with revenues reaching $275 million, a 39% increase year-over-year. The company achieved 10.0% growth in same shop sales, opened a record number of new shops, and raised its 2024 guidance. Additionally, Dutch Bros saw improvements in traffic and customer engagement, leading to a positive outlook for the year.
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