earnings
confidence high
sentiment negative
materiality 0.80
Dutch Bros Q2 net loss $1.8M vs $11.9M profit year ago; revenue up 44% to $186.4M
Dutch Bros Inc.
2022-Q2 EPS reported
-$0.12
revenue$338,537,000
- System same-shop sales declined 3.3% vs 2021, but improved sequentially to (0.9)% in July.
- Company-operated shop margin improved 630 bps QoQ to 24.6% on price increases and productivity.
- Full-year revenue guidance raised to at least $715M; at least 130 shop openings reaffirmed.
- Adjusted EBITDA fell to $23.9M from $30.7M, reflecting inflationary cost pressures.
- Opened 31 new shops in Q2; Q2 new shops annualized AUV of $2.1M exceeded expectations.