earnings
confidence high
sentiment neutral
materiality 0.70
Dutch Bros Q3 revenues up 49.8% to $129.8M; net loss $117.1M on IPO comp charge
Dutch Bros Inc.
2021-Q3 EPS reported
-$0.15
revenue$357,796,000
- Company-operated shops revenue rose 62.9% to $108.7M; system same-shop sales grew 7.3%.
- Net loss of $117.1M ($0.15 diluted loss) includes $124.8M non-cash equity-based compensation from IPO.
- Adjusted net income was $11.0M ($0.07 per diluted share), down from $16.2M in prior-year quarter.
- Adjusted EBITDA declined 2.6% to $20.6M due to abnormally low discounts during COVID in prior year.
- Surpassed 500 shops; reiterated long-term potential of at least 4,000 shops nationwide.