8-K
filed January 8, 2024, 6:59 PM ET
ticker BROS
CIK 0001866581
other material
confidence high
sentiment positive
materiality 0.75
Dutch Bros reports 159 new shops in 2023, guides 150-165 for 2024, announces CFO & operations leadership changes
Dutch Bros Inc.
- Opened 159 new shops in 2023 (146 company-operated); total system 831 shops in 16 states.
- FY 2024 guidance: at least 150–165 total system shop openings.
- Joshua Guenser to become CFO on/about Feb 19, succeeding Charley Jemley; Sumitro Ghosh as President of Operations.
- Brian Maxwell (COO) to become Vice Chairman; Jess Elmquist appointed Chief People Officer.
- CEO Christine Barone highlighted goal of scaling to 4,000 shops.
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 financial results for the fourth quarter ended December 31, 2023.
- Period
- the fourth quarter ended December 31, 2023
- Result
- reported results
Exact text from the filing
Opened 37 new shops in the fourth quarter of 2023
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Sumitro Ghosh was appointed as President of Operations at Dutch Bros Inc..
- Action
- appointed
- Role
- President of Operations
Exact text from the filing
Sumitro Ghosh will join the Company as Incoming President of Operations on or about January 15, 2023 in concert with Brian Maxwell’s planned change from his current role as Chief Operating Officer to Vice Chairman.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Charley Jemley departed as Chief Financial Officer at Dutch Bros Inc..
- Action
- depart
- Role
- Chief Financial Officer
Exact text from the filing
Charley Jemley’s planned departure from his current role as Chief Financial Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brian Maxwell changed role as Vice Chairman at Dutch Bros Inc..
- Action
- promoted
- Role
- Vice Chairman
Exact text from the filing
Brian Maxwell’s planned change from his current role as Chief Operating Officer to Vice Chairman.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joshua Guenser was appointed as Chief Financial Officer at Dutch Bros Inc..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
Joshua Guenser will join the Company as Incoming Chief Financial Officer on or about February 19, 2024 in concert with Charley Jemley’s planned departure from his current role as Chief Financial Officer.
View on SEC.gov
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