Dutch Bros Inc. - BROS STOCK NEWS

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.

Dutch Bros reported a 48.4% increase in annual revenues to $739.0 million for 2022, driven by 133 new shop openings. The company targets 150 new shops in 2023, aiming for 1,000 locations by mid-2025. In Q4 2022, revenues grew 44.1% to $201.8 million, yet same shop sales saw a slight decline of (0.6)%. Gross profit increased significantly to $38.8 million with improved margins. The net loss was $(2.8) million, an improvement from $(8.2) million in Q4 2021. For 2023, total revenues are projected between $950 million and $1 billion.

Dutch Bros Inc. (NYSE: BROS) will announce its financial results for the fourth quarter and fiscal year ended December 31, 2022, on February 22, 2023, after market closure. CEO Joth Ricci and CFO Charley Jemley will host a conference call and webcast at 5:00 PM ET on the same day to discuss these results. As of December 31, 2022, Dutch Bros operates 671 locations across 14 states, emphasizing its commitment to high-quality, hand-crafted beverages and a community-oriented culture. Investors can access the webcast through the company's investor relations website.

Dutch Bros Inc. (NYSE: BROS) announced significant growth in 2022 with the opening of 133 new shops, doubling its shop count since March 2019. For 2023, the company anticipates revenue between $950 million and $1 billion, along with plans to open 150 new shops. Despite a 0.6% decline in same shop sales in Q4 2022, the company reported growth of 1.0% for the full year. Long-term targets include reaching 800 systemwide shops by 2025 and maintaining a revenue growth rate of approximately 20%.

Dutch Bros Inc. (NYSE: BROS) has announced the appointment of Christine Barone as President, effective Q1 2023. Ms. Barone, with over a decade of experience in the food service industry, previously served as CEO of True Food Kitchen. She will lead operations as Dutch Bros aims to expand to 4,000 shops in the next 10 to 15 years. CEO Joth Ricci praised her strategic skills, indicating a focus on growth and leadership. Dutch Bros continues to emphasize high-quality beverages and community-driven culture, currently operating 641 locations across 14 states as of September 2022.