Dutch Bros Inc - BROS STOCK NEWS

Dutch Bros announces $300M public offering of Class A Common Stock, with an option for an additional $45M. BofA Securities, J.P. Morgan Securities, and Jefferies LLC are the lead book-running managers. The offering is subject to market conditions.

Dutch Bros reports 34% YoY revenue growth in Q2 2023, opens 38 new shops, and announces leadership transition. Q2 revenue increased to $250 million. Company-operated shop gross profit improved to 23.6%, a YoY increase of 420bps. Adjusted EBITDA grew 103% to $48.6 million. 2023 guidance: Total system shop openings expected to be at least 150, total revenues projected to be at the lower end of $950M-$1B range, adjusted EBITDA estimated to be between $135M-$140M.

Dutch Bros Inc. (NYSE: BROS), a leading quick-service beverage brand, announced a conference call and webcast scheduled for May 9, 2023 at 5:00 PM ET to discuss its first-quarter financial results for the period ending March 31, 2023. Financial results will be disclosed after market close on the same day. Investors can dial in at 1-201-493-6779 or join the webcast via their investor relations website. Dutch Bros, founded in 1992, operates numerous drive-thru shops specializing in high-quality, hand-crafted beverages, with a focus on speed and superior service. As of December 31, 2022, the company had 671 locations across 14 states. For more information, visit www.dutchbros.com.

Dutch Bros (NYSE:BROS) is launching a limited-time drink, the Chocolate Crunch Cold Brew, to celebrate National Cold Brew Day. Starting April 20, 2023, this new beverage will be available at over 700 locations and features a blend of cold brew, dark chocolate sauce, chocolate macadamia nut flavor, and chocolate milk, topped with cookie crumbles. This is the first time customers can add cookie crumbles to their drinks. On April 20, customers can also receive an exclusive sticker with any cold brew purchase. The drink will be available until April 30, 2023, or while supplies last. Dutch Bros aims to offer exciting new flavors while continuing its tradition of community involvement and customer engagement.

Dutch Bros Inc. (NYSE: BROS) announced participation in two key investor conferences. The first is the Bank of America Consumer & Retail Technology Conference on March 14, 2023, with a fireside chat starting at 3:30 p.m. ET. The second is the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 15, 2023, beginning at 11:10 a.m. ET. Both events will include meetings with institutional investors and will be available for live web streaming on the Investor Relations website. Dutch Bros operates 671 locations across 14 states, highlighting its rapid growth in the quick-service beverage sector.