---
schema_version: "secwatch.filing_event.v1"
accession: "0001866581-23-000013"
form_type: "8-K"
ticker: "BROS"
cik: "0001866581"
company_name: "Dutch Bros Inc."
filed_at: "2023-01-09T23:59:59+00:00"
generated_at: "2026-06-20T18:18:05.875234+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001866581-23-000013
- form_type: 8-K
- ticker: BROS
- cik: 0001866581
- company_name: Dutch Bros Inc.
- filed_at: 2023-01-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866581/000186658123000013/0001866581-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866581/000186658123000013/bros-20230109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866581-23-000013
- JSON: https://secwatch.observer/filing/0001866581-23-000013.json
- Plain text: https://secwatch.observer/filing/0001866581-23-000013.txt

## Key facts
- Earnings Releases
  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
  source text: Dutch Bros Inc. Reports Preliminary Fourth Quarter and Fiscal Year 2022 New Shop Openings and Same Shop Sales Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866581/000186658123000013/0001866581-23-000013-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866581/000186658123000013/0001866581-23-000013-index.htm
- Earnings Releases
  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
  source text: Total revenues are projected to be in the range of $950 million to $1 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866581/000186658123000013/0001866581-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.