Dutch Bros reports Q3 2022 results: revenue $198.6M, opens 38 shops, raises FY revenue guidance

Dutch Bros Inc.

2022-Q3 EPS reported -$0.08 revenue$537,185,000

Revenue increased 53% year-over-year to $198.6 million, beating expectations.
Opened a record 38 new shops in Q3, with 34 company-operated across 11 states.
Raised full-year 2022 total revenue guidance to at least $725 million.
John Graham will step down as Chief Marketing Officer effective January 4, 2023, role to be eliminated.
Company-operated shop gross margin improved to 20.0% in Q3, up 60 bps sequentially.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

John Graham

Chief Marketing Officer

BROS · Dutch Bros Inc.

Effective: 2023-01-04
Filed: November 9, 2022, 6:59 PM ET

On November 7, 2022 it was determined that John Graham will cease to be the Company’s Chief Marketing Officer effective as of January 4, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Dutch Bros Inc. reported the third quarter ended September 30, 2022 results: revenue $198.6 million, net income $1.6 million, EPS $0.03. Guidance raised.

Period: the third quarter ended September 30, 2022
Revenue: $198.6 million
Net income: $1.6 million
EPS: $0.03
Guidance: raised
Result: reported results

Exact text from the filing

Announces Third Quarter 2022 Financial Results Opened a Record 38 Shops, Revenues Increased 53% Year-over-Year to $198.6 Million Raises Annual Guidance for Total Revenues Targets 150 New Shop Openings for 2023; Reaching 800 Shops by the End of Next Year GRANTS PASS, OREGON - November 9, 2022 - Dutch Bros Inc.

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Executive change SEC 8-K Item 5.02 confidence 0.95

John Graham departed as Chief Marketing Officer at Dutch Bros Inc..

Action: cease to be
Role: Chief Marketing Officer

Exact text from the filing

On November 7, 2022 it was determined that John Graham will cease to be the Company’s Chief Marketing Officer effective as of January 4, 2023.

View on SEC.gov

41 earnings releases filed in the last 30 days. Browse all earnings releases →

Dutch Bros Inc. filing history →

Source: SEC EDGAR

accession 0001866581-22-000126

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