Dutch Bros reports 133 new shops in 2022; guides FY2023 revenue $950M-$1B

Dutch Bros Inc.

2022-FY EPS reported -$0.09 revenue$739,012,000

Opened 133 systemwide shops in 2022 (120 company-operated); total shops 671 as of Dec 31, 2022.
Q4 system same-shop sales declined 0.6% (company-operated -2.1%) due to fortressing; 3-year stacked +15.2%.
FY2023 outlook: at least 150 new shops, revenue $950M-$1B, low single-digit same-shop sales growth.
Long-term targets: mid-teens annual shop growth, ~20% revenue growth, adj. EBITDA growing faster than revenue.

item 2.02 item 7.01 item 9.01

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 preliminary financial results for the fiscal year ended December 31, 2022.

Period: the fiscal year ended December 31, 2022
Result: preliminary results

Exact text from the filing

Dutch Bros Inc. Reports Preliminary Fourth Quarter and Fiscal Year 2022 New Shop Openings and Same Shop Sales Results

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Dutch Bros Inc. reported preliminary financial results for the fourth quarter ended December 31, 2022.

Period: the fourth quarter ended December 31, 2022
Result: preliminary results

Exact text from the filing

On January 9, 2023, the Company announced its preliminary unaudited development and same shop sales results for the fourth quarter and full year ended December 31, 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Dutch Bros Inc. reported the full year ending December 31, 2023 results: revenue $950 million to $1 billion. Guidance initiated.

Period: the full year ending December 31, 2023
Revenue: $950 million to $1 billion
Guidance: initiated
Result: guidance update

Exact text from the filing

Total revenues are projected to be in the range of $950 million to $1 billion.

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Source: SEC EDGAR

accession 0001866581-23-000013

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