Dutch Bros Q2 revenue rises 30% to $324.9M; raises FY revenue and EBITDA guidance

Dutch Bros Inc.

2024-Q2 EPS reported $0.20 revenue$600,017,000

System same-shop sales +4.1%; company-operated same-shop sales +5.2%.
Net income $22.2M ($0.12 diluted EPS) vs $9.7M ($0.05) a year ago.
Adjusted EBITDA grew 34.1% to $65.2M; adjusted net income $31.2M.
FY 2024 revenue guidance raised to $1.215B-$1.230B; Adj. EBITDA to $200M-$210M.
Opened 36 new shops in Q2; total system shops exceed 900.

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