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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 host a conference call on March 1, 2022, at 5:00 PM ET to discuss its fourth quarter and fiscal year 2021 financial results, which will be reported after market close that day. Executives Joth Ricci and Charley Jemley will also participate in two investor conferences on March 7 and March 9, 2022, providing insights into the company's growth and performance. As of December 31, 2021, Dutch Bros operated 538 locations across 12 states, showcasing significant expansion.
Dutch Bros Inc. (NYSE: BROS) reported strong preliminary results for Q4 and FY 2021, with notable developments including the opening of 35 new shops in Q4, bringing total openings for the year to 98. Same shop sales grew by 10.1% in Q4 and 8.4% for the full year. The company exceeded prior sales and shop development guidance, with plans to open 125 new shops in 2022. The loyalty program, Dutch Rewards, expanded significantly, reaching 3.2 million members. CEO Joth Ricci expressed confidence in ongoing growth and operational stability as the company approaches its 30th anniversary.
Dutch Bros Coffee has appointed Leigh Gower as its first Chief Technology Officer on Dec. 1, 2021. Gower, with over 20 years of experience in leveraging technology to enhance customer service, previously held senior positions at Blue Nile and T-Mobile. CEO Joth Ricci expressed enthusiasm for Gower's expertise, emphasizing technological integration to improve customer interactions. Dutch Bros operates over 500 locations across 12 states, focusing on delivering specialty coffee and community support through its foundation.
Dutch Bros Inc. (NYSE: BROS), a leading brand in the U.S. foodservice sector, announced a virtual fireside chat featuring CEO Joth Ricci and CFO Charley Jemley at the Barclays Eat, Sleep, Play Conference. The event will take place on Thursday, December 2, 2021, at 10:30 a.m. Eastern Time and will be available for live streaming on the company's Investor Relations website. With over 500 locations in 11 states as of September 30, 2021, Dutch Bros focuses on high-quality, hand-crafted beverages while fostering a community-driven culture.
Dutch Bros Inc. (NYSE: BROS) reported a robust third quarter ending September 30, 2021, highlighting a revenue increase of 49.8% to $129.8 million, driven by a 62.9% surge in company-operated shop revenues. The company surpassed 500 operating shops with the opening of 33 new locations. However, net income fell to $(117.1) million due to $124.8 million in non-cash equity-based compensation. The fourth quarter outlook suggests revenues between $125.0 million and $128.0 million, with plans for at least 30 new shop openings and 112 new shops in 2022.
Dutch Bros Inc. (NYSE: BROS) announced a conference call to discuss its third quarter financial results for 2021. The call will take place on Wednesday, Nov. 10, 2021, at 5 p.m. ET. Financial results will be reported after the market closes on the same day. Interested parties can join via phone at 1-201-493-6779 or access the webcast at investors.dutchbros.com. As of June 30, 2021, Dutch Bros operates 471 locations across 11 states, offering a variety of hand-crafted beverages and a strong commitment to customer experience.
Dutch Bros Coffee raised $695,235 for local youth organizations during its annual Buck for Kids campaign on Sept. 10, 2021. This amount marks the highest fundraising total since the campaign's inception in 2011, bringing the total raised to over $3.7 million. Katie Hutchison, vice president of social impact at Dutch Bros, expressed gratitude for customer support. The company, headquartered in Grants Pass, Oregon, operates over 500 locations in 11 states and is dedicated to community service and support.
Dutch Bros Inc. has successfully closed its initial public offering (IPO) of 24,210,526 shares of Class A common stock at a public price of $23 per share, generating approximately $556.8 million before expenses. The IPO included an underwriters' option for an additional 3,157,894 shares. Trading commenced on the NYSE under the symbol 'BROS' on September 15, 2021. Major underwriters for the offering included BofA Securities, J.P. Morgan Securities, and Jefferies LLC. Dutch Bros operates drive-thru coffee shops across multiple states, emphasizing quality beverages and exceptional customer service.
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