Dutch Bros Inc Stock Price, News & Analysis

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.

Dutch Bros has launched the Blended Orangesicle Rebel, a limited-time drink available for two weeks at over 600 locations. This refreshing beverage combines the exclusive Rebel energy drink with orange and vanilla flavors, topped with Soft Top. Customers can enjoy this nostalgic summer treat until the end of August, but it will also be available year-round. The company, known for its community commitment and specialty drinks, continues to expand its offerings and enhance customer experience.

Dutch Bros Inc. (NYSE: BROS) reported a strong second quarter, achieving a 44.2% revenue growth to $186.4 million, with a total of 31 new shops opened. The company surpassed 600 shops and exceeded $1 billion in trailing twelve-month systemwide sales. Despite a net loss of $(1.8) million, adjusted EBITDA was $23.9 million. Company-operated shop margins rose to 24.6%, up 630bps sequentially. For full-year 2022, Dutch Bros projects at least $715 million in revenues and 130 shop openings.

Dutch Bros Inc. (NYSE: BROS) announced a conference call and webcast to discuss its second-quarter financial results for the period ending June 30, 2022. The event will take place on Wednesday, August 10, 2022, at 5:00 PM ET. Financial results will be released after market close on the same day. Interested parties can participate via a dial-in number or through a webcast available on their investor relations website. The call will be archived for later access.

Dutch Bros, headquartered in Grants Pass, Oregon, has launched the Cookie Dough Cold Brew and Cookie Dough Freeze at over 570 locations, starting July 1, 2022. The Cold Brew combines Dutch Bros' coffee with chocolate milk and cookie dough flavor, topped with soft topping and chocolate sprinkles. The Freeze offers similar flavors in a blended format. Both drinks are available through the end of August. This initiative aims to evoke nostalgic summer memories and is part of Dutch Bros' commitment to quality service.

Dutch Bros Inc. (NYSE: BROS), a rapidly growing player in the food service industry, will participate in four investor conferences this spring. Key events include:

• June 7: Baird’s Global Consumer Conference at 1:55 p.m. ET.
• June 8: Piper Sandler’s Year of the Restaurant Summit at 9:00 a.m. ET.
• June 9: William Blair’s 42nd Annual Growth Stock Conference at 1:20 p.m. ET.
• June 20-22: Jefferies Consumer Conference, with a virtual fireside chat available on June 20.

Fireside chats will be accessible live on their Investor Relations website.

Dutch Bros Coffee is set to host its 16th annual Drink One for Dane day on May 20, 2022, donating a portion of proceeds from over 550 locations to the Muscular Dystrophy Association (MDA) to support ALS research and care. Founded by Dane and Travis Boersma in 1992, the initiative aims to honor Dane, who passed away from ALS. To date, Dutch Bros has raised over $10 million for MDA. This partnership underscores Dutch Bros' commitment to community support and ALS awareness, promoting hope and advancements in treatment.

Dutch Bros reported a first-quarter 2022 revenue increase of 54% year-over-year, reaching $152.2 million, driven by 34 new shop openings and a 6.0% increase in same-shop sales. The company revised its 2022 outlook, targeting at least 130 shop openings and projecting total revenues between $700 million and $715 million. However, the net loss widened to $(16.3 million) from $(4.8 million), and adjusted EBITDA decreased to $9.7 million from $18.7 million due to inflation and margin pressures.

Dutch Bros has launched its summer drink, the High Dive Rebel, featuring tropical fruit flavors, available at over 550 locations starting May 2, 2022. This exclusive energy drink combines peach, pomegranate, and a mix of passion fruit, guava, orange, and pineapple. For non-caffeine lovers, the High Dive Lemonade is also an option. The High Dive Rebel will be featured through June but available all summer. Additionally, the popular Campout Cold Brew returns, blending cold brew coffee with chocolate milk and marshmallow flavors.