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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 Inc. (NYSE: BROS) will host a fireside chat at the Barclays Eat, Sleep, Play Conference on November 29, 2022, starting at 10:15 a.m. Eastern Time. The event will be accessible via live webcast on their Investor Relations website. Known for its rapid growth, Dutch Bros operates 641 drive-thru locations across 14 states as of September 30, 2022, serving high-quality, hand-crafted beverages. The company emphasizes a community-centric culture, aiming to make a positive impact on customers and employees alike.
Dutch Bros (NYSE: BROS) reported third-quarter results with a remarkable revenue increase of 53% year-over-year, totaling $198.6 million. The company opened a record 38 new shops, contributing to improved gross margins, which rose to 20%. Adjusted EBITDA for the year is expected to reach at least $90 million. Due to strong performance, Dutch Bros has raised its annual revenue guidance to at least $725 million and targets 150 new shop openings for 2023, aiming for a total of 800 shops by year-end.
On November 1, 2022, Dutch Bros announced the return of holiday drinks, including the Hazelnut Truffle Mocha and new offerings like the Sugar N Spice Oat Milk Latte and Holly Jolly Rebel energy drink. Customers can enjoy these beverages hot, iced, or blended. The holiday drinks are available through December, featuring festive flavors like hazelnut, winter spice, and pomegranate. Dutch Bros aims to enhance customer experience during the holidays, emphasizing community engagement and quality service as key components of their brand.
Dutch Bros Inc. (NYSE: BROS) announced a conference call and webcast to discuss third-quarter financial results for the period ending September 30, 2022. The event, hosted by CEO Joth Ricci and CFO Charley Jemley, is scheduled for November 9, 2022, at 5:00 PM ET, following the earnings report after market close. Dutch Bros, founded in 1992, operates 603 locations across 14 states, focusing on high-quality beverages and community engagement.
On Sept. 16, Dutch Bros Coffee and its patrons collectively raised over $1.1 million for local youth organizations focused on education and extracurricular resources. The initiative, part of the annual Buck for Kids campaign launched in 2011, aims to create brighter futures for children and families. Katie Hutchison, the vice president of social impact, expressed gratitude towards customers and organizations involved. With headquarters in Grants Pass, Oregon, Dutch Bros operates over 600 locations across 14 states.
Dutch Bros Inc. (NYSE: BROS) has appointed Victoria Tullett as its first Chief Legal Officer, effective September 20. Tullett brings over 20 years of experience in legal and operational risk management, particularly with high-growth companies. Her previous role involved over two decades at Papa Murphy’s, where she held multiple positions including General Counsel. CEO Joth Ricci highlighted her expertise as vital for Dutch Bros' continued growth and compliance. The company operates 603 locations across 14 states and focuses on high-quality, handcrafted beverages.
Dutch Bros Coffee will host the 'Buck for Kids Day' on Sept. 16, donating $1 from each drink sold to local youth organizations across the nation. This annual event, initiated in 2011, aims to support youth initiatives, with local operators choosing the beneficiaries. In 2021, the campaign raised over $697,000. This year, partners include the Boys and Girls Club and Big Brothers Big Sisters. Co-founder Travis Boersma expressed excitement about the community impact, while VP Katie Hutchinson anticipates even greater contributions as customer participation grows.
Dutch Bros announces the launch of its seasonal beverages, including the Caramel Pumpkin Brûlée and the new Sweater Weather Chai, available across more than 600 locations starting September 1, 2022. The Caramel Pumpkin Brûlée combines pumpkin and salted caramel flavors, while the Sweater Weather Chai features white coffee and is higher in caffeine. Both drinks will be available until the end of October. The company emphasizes its commitment to quality and community service, providing millions in donations annually.
Dutch Bros Inc. has appointed Ann Miller to its Board of Directors, expanding the board to nine members. Miller is currently the Executive Vice President and Chief Legal Officer at NIKE and has extensive experience in corporate governance. Her role at Dutch Bros includes serving on the Audit and Risk Committee. The company aims to enhance its governance while continuing to grow in the competitive food service and restaurant industry, focusing on high-quality beverages and community-driven culture.
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