Dutch Bros Q1 revenue up 30% to $197.3M, net loss narrows; record 45 shop openings

Dutch Bros Inc.

2023-Q1 EPS reported -$0.07 revenue$197,267,000

Revenue grew 29.6% to $197.3M; net loss improved to $9.4M from $16.3M YoY.
Opened 45 new systemwide shops (42 company-operated); reaffirms at least 150 total in 2023.
Company-operated shop contribution margin rose 590bps to 24.2%.
Adjusted EBITDA surged 147.2% to $23.9M; adjusted net loss nearly breakeven.
FY2023 guidance reiterated: revenue $950M-$1B, adjusted EBITDA ~$125M, capex $225M-$250M.

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 the first quarter ended March 31, 2023 results: revenue $197.3 million, EPS $0.07. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $197.3 million
EPS: $0.07
Guidance: reaffirmed
Result: reported results

Exact text from the filing

EX-99.1 (EX-99.1) --- Dutch Bros Inc. Reports First Quarter 2023 Financial Results Record 45 New Systemwide Shop Openings in Q1 2023 Quarterly Revenue Increased Nearly 30% to $197.3 million Reaffirms 2023 Guidance GRANTS PASS, Ore. - May 9, 2023 - Dutch Bros Inc. (NYSE: BROS; “Dutch Bros” or the “Company”) one of the fastest-growing brands in the food service and

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Source: SEC EDGAR

accession 0001866581-23-000074

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