earnings
confidence high
sentiment positive
materiality 0.80
Dutch Bros Q3 revenue $338M (+28% YoY); raises FY24 revenue & EBITDA guidance
Dutch Bros Inc.
2024-Q3 EPS reported
$0.32
revenue$938,229,000
- Revenue $338.2M (+28% YoY); net income $21.7M ($0.11 diluted EPS); adjusted EPS $0.16.
- System same-shop sales +2.7%, company-operated +4.0%; opened 38 new shops in Q3.
- FY24 revenue guidance raised to $1.255-1.260B; adjusted EBITDA raised to $215-220M.
- Mobile order rollout reached 96% company-operated shop coverage as of Sept. 30.
- CEO severance amended for prorated bonus and full equity vesting on death/disability; Exec Chairman gets bonus up to 20%.