secwatch.observer — SEC 8-K summary
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Issuer:     Dutch Bros Inc. (BROS)
CIK:        0001866581
Form:       8-K/A
Filed at:   2021-11-17T23:59:59+00:00
Accession:  0001866581-21-000010
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dutch Bros Q3 revenues up 49.8% to $129.8M; net loss $117.1M on IPO comp charge
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866581/000186658121000010/0001866581-21-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866581/000186658121000010/bros-20211117.htm
  HTML page:      https://secwatch.observer/filing/0001866581-21-000010

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