Dutch Bros Q1 revenue +39% to $275M, same-shop sales +10%; raises FY guidance

Dutch Bros Inc.

2024-Q1 EPS reported $0.08 revenue$275,099,000

Revenue $275.1M (+39.5% YoY); system same-shop sales +10.0%; net income $16.2M vs ($9.4M) loss.
Opened 45 new shops (tie record); system AUV $2.0M, highest on record.
Raised FY2024 guidance: revenue $1.20-1.215B, adjusted EBITDA $195-205M (from $185-195M).
Named Joshua Guenser as CFO effective May 9, replacing Charles Jemley (now Strategic Advisor).
Adjusted EPS $0.09 per fully exchanged diluted share vs $0.00 prior year.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Joshua Guenser

Chief Financial Officer

BROS · Dutch Bros Inc.

Effective: 2024-05-09
Filed: May 7, 2024, 7:59 PM ET

the Board of Directors of the Company appointed Joshua Guenser as the Company’s Chief Financial Officer.

Departed

Charles Jemley

Chief Financial Officer

BROS · Dutch Bros Inc.

Effective: 2024-05-09
Successor: Joshua Guenser
Filed: May 7, 2024, 7:59 PM ET

Charles Jemley, the Company’s current Chief Financial Officer, will simultaneously transition into the role of Strategic Advisor, and will no longer be an executive officer of the Company following Mr. Guenser’s appointment.

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, 2024 results: revenue $275.1 million, net income $16.2 million, EPS $0.08. Guidance raised.

Period: the first quarter ended March 31, 2024
Revenue: $275.1 million
Net income: $16.2 million
EPS: $0.08
Guidance: raised
Result: reported results

Exact text from the filing

Dutch Bros Inc. Reports First Quarter 2024 Financial Results Achieves $275 million in Revenues in Quarter, a 39% Increase Year-over-Year Delivers 10.0% Same Shop Sales Growth and Ties Record New Shop Openings Raises 2024 Guidance GRANTS PASS, Ore. - May 7, 2024 - Dutch Bros Inc. (NYSE: BROS; “Dutch Bros” or the “Company”), one of the fastest-growing brands in the quick service beverage industry in the United States by location count, today reported financial results for the first quarter ended March 31, 2024.

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

the Board of Directors of the Company appointed Joshua Guenser as the Company’s Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Charles Jemley changed role as Chief Financial Officer at Dutch Bros Inc..

Action: transitioned
Role: Chief Financial Officer

Exact text from the filing

Charles Jemley, the Company’s current Chief Financial Officer, will simultaneously transition into the role of Strategic Advisor, and will no longer be an executive officer of the Company following Mr. Guenser’s appointment.

View on SEC.gov

708 earnings releases filed in the last 30 days. Browse all earnings releases →

Dutch Bros Inc. filing history →

Source: SEC EDGAR

accession 0001866581-24-000132

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