Dutch Bros amends 2023 outlook: at least 130 company-operated shops; Q4 same-shop sales down 2.1%

Dutch Bros Inc.

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

Preliminary Q4 system same-shop sales declined (0.6%); company-operated down (2.1%).
Full year 2022 system shop openings of 133, exceeding targets; total shops 671 across 14 states.
Corrected 2023 outlook: at least 150 total shops, at least 130 company-operated (previously 110).
2023 revenue guidance $950M-$1B; long-term targets of ~20% annual revenue growth.
Participating in ICR and Jefferies conferences with fireside chats on Jan 10 and Jan 23.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Dutch Bros Inc. reported preliminary financial results for Fourth quarter and full year ended December 31, 2022.

Period: Fourth quarter and full year ended December 31, 2022
Result: preliminary results

Exact text from the filing

Dutch Bros Inc. (NYSE: BROS; the “Company”) one of the fastest-growing brands in the food service and restaurant industry in the United States by location count, today reported preliminary highlights for the quarterly and annual periods ended December 31, 2022

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Source: SEC EDGAR

accession 0001866581-23-000016

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