Dutch Bros reported strong Q2 results with revenue climbing 30%. However, investors were disappointed with its same-store sales and new store guidance.
Though Dutch Bros boasts some 900 stores, most are in only five states. Its loyal Dutch Rewards members help create a constant state of innovation.
Dutch Bros' stock experienced a significant drop after Q2 earnings, despite 30% revenue growth and increases in net income and adjusted EBITDA. The company's same-store sales growth of 4% in Q2 was driven by price increases, masking a 2% decrease in traffic. Dutch Bros is adjusting its 2024 new store opening guidance from 150-165 to 150 stores, citing changes in real estate strategy and capital optimization.
Dutch Bros grew to over 900 stores in Q2 2024. Same-store sales growth accelerated to 10% in Q1 2024, but dipped to 4% in Q2.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Dutch Bros posted strong revenue growth in the second quarter. It is expecting to open fewer stores than previously guided for in 2024.
Coffee chain Dutch Bros provided disappointing guidance that overshadowed a strong second quarter. The stock plunged Thursday.
Dutch Bros beat estimates on the top and bottom lines. It raised financial guidance but said new store openings would be slightly lower than expected.
Dutch Bros. (NYSE: BROS ) stock is falling lower on Thursday following the release of the coffee chain's earnings report for the second quarter of 2024.
Shares of Dutch Bros (BROS) lost more than a fifth of their value in intraday trading Thursday, a day after the coffee chain projected low-single-digit 2024 same-store sales growth.
Dutch Bros, Inc. (NYSE:BROS ) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Paddy Warren - Senior Director, IR and Capital Markets Christine Barone - President and CEO Josh Guenser - CFO Conference Call Participants Sharon Zackfia - William Blair Andrew Charles - TD Cowen John Ivankoe - JPMorgan David Tarantino - Baird Andy Barish - Jefferies Sara Senatore - Bank of America Chris O'Cull - Stifel Dennis Geiger - UBS Brian Mullan - Piper Sandler Jeff Farmer - Gordon Haskett Nick Setyan - Wedbush Securities Jeffrey Bernstein - Barclays Gregory Francfort - Guggenheim Partners Operator Greetings, and welcome to the Dutch Bros' Second Quarter 2024 Conference Call. At this time, all participants are in a listen-only mode.
Although the revenue and EPS for Dutch Bros (BROS) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.