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. (NYSE: BROS) is a high-growth operator and franchisor of drive-thru beverage shops in the U.S. quick service beverage industry. The Dutch Bros news feed on Stock Titan brings together company announcements, earnings releases, strategic updates, and other disclosures that shape how investors and observers understand the BROS stock story.
News about Dutch Bros frequently centers on financial results and operating performance. The company regularly issues quarterly earnings releases that discuss revenue growth, system same shop sales, company-operated same shop sales, transaction trends, shop contribution margins, and guidance ranges for total revenues, same shop sales growth, and Adjusted EBITDA. These updates also detail new shop openings across multiple states and changes in system shop counts.
Investors following BROS news will also see corporate and strategic announcements, such as Dutch Bros’ long-term goal of 2,029 system shops in 2029, updates to its total addressable market for system shop openings, and its entry into the consumer packaged goods market through a licensing agreement with Trilliant Food & Nutrition, LLC to launch Dutch Bros packaged coffee and related products in retail outlets.
Leadership and governance developments appear in the news flow as well, including appointments to key roles like Chief Development Officer and Chief Shops Officer, which the company associates with new shop growth, field operations, and shop execution. Dutch Bros also issues releases about participation in investor conferences and the scheduling of quarterly conference calls and webcasts.
By reviewing the Dutch Bros news page, readers can track how the company describes its growth trajectory, shop expansion, financial metrics, and strategic initiatives over time. Bookmark this page to access a consolidated view of BROS-related press releases and official communications.
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.
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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