secwatch.observer — SEC 8-K summary
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Issuer:     Dutch Bros Inc. (BROS)
CIK:        0001866581
Form:       8-K
Filed at:   2022-03-01T23:59:59+00:00
Accession:  0001866581-22-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dutch Bros Q4 revenue rises 55.8% to $140.1M; guides to 125+ shop openings in 2022
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- Q4 2021 revenue $140.1M (+55.8% YoY); net loss $(9.8)M vs $(6.2)M loss a year ago.
- Full year 2021 revenue $497.9M (+52.1%); net loss $(121.1)M driven by $157.7M non-cash equity-based compensation.
- System same shop sales grew 10.1% in Q4 and 8.4% in full year 2021.
- Opened 98 new shops in 2021; expects at least 125 openings in 2022 including entry into Nashville.
- Entered into $500M credit facility, replacing $350M prior facility; drew $100M term loan and $30M revolver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866581/000186658122000010/0001866581-22-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866581/000186658122000010/bros-20220301.htm
  HTML page:      https://secwatch.observer/filing/0001866581-22-000010

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