secwatch.observer — SEC 8-K summary
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Issuer:     Dutch Bros Inc. (BROS)
CIK:        0001866581
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001866581-24-000132
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866581/000186658124000132/0001866581-24-000132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866581/000186658124000132/bros-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001866581-24-000132

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer