---
schema_version: "secwatch.filing_event.v1"
accession: "0001866581-24-000132"
form_type: "8-K"
ticker: "BROS"
cik: "0001866581"
company_name: "Dutch Bros Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T20:40:41.760584+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001866581-24-000132
- form_type: 8-K
- ticker: BROS
- cik: 0001866581
- company_name: Dutch Bros Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866581/000186658124000132/0001866581-24-000132-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866581/000186658124000132/bros-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866581-24-000132
- JSON: https://secwatch.observer/filing/0001866581-24-000132.json
- Plain text: https://secwatch.observer/filing/0001866581-24-000132.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866581/000186658124000132/0001866581-24-000132-index.htm
- Executive change
  Joshua Guenser was appointed as Chief Financial Officer at Dutch Bros Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: the Board of Directors of the Company appointed Joshua Guenser as the Company’s Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866581/000186658124000132/0001866581-24-000132-index.htm
- Executive change
  Charles Jemley changed role as Chief Financial Officer at Dutch Bros Inc..
  - Action: transitioned
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866581/000186658124000132/0001866581-24-000132-index.htm

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