---
schema_version: "secwatch.filing_event.v1"
accession: "0001866581-23-000016"
form_type: "8-K/A"
ticker: "BROS"
cik: "0001866581"
company_name: "Dutch Bros Inc."
filed_at: "2023-01-12T23:59:59+00:00"
generated_at: "2026-06-20T16:10:02.841984+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001866581-23-000016
- form_type: 8-K/A
- ticker: BROS
- cik: 0001866581
- company_name: Dutch Bros Inc.
- filed_at: 2023-01-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866581/000186658123000016/0001866581-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866581/000186658123000016/bros-20230109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866581-23-000016
- JSON: https://secwatch.observer/filing/0001866581-23-000016.json
- Plain text: https://secwatch.observer/filing/0001866581-23-000016.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866581/000186658123000016/0001866581-23-000016-index.htm

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