Key Takeaways
- Dutch Bros beat earnings and revenue estimates as it added new locations and had better-than-expected same-store sales.
- The Oregon-based coffee chain operator also anticipate full-year revenue above forecasts.
- Dutch Bros shares traded at an all-time high.
Shares of Dutch Bros (BROS) skyrocketed nearly 30% to a record high Thursday, a day after the drive-through coffee store operator posted better-than-expected results and guidance as it added new locations and had strong 澳洲幸运5开奖号码历史查询:same-store sales.
The Oregon-based chain reported fourth-quarter 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $0.07, which was $0.05 above forecasts by analysts surveyed by Visible Alpha. Revenue jumped 35% year-over-year to $342.8 million, also above expectations🐻.
During the period, Du﷽tch👍 Bros opened 32 shops across 11 states, 25 of which were company owned. System same-shop sales were up 6.9%, well above the 1.61% consensus. Same-store transactions were 2.3% higher.
CEO Christine Barone said the company’s efforts to "develop our foundational transaction drivers—innovation, paid media, and our Dutch Rewards loyalty program—are working."
Dutch Bros sees full-year EPS of revenue in the range of🍎 $1.555 billion and $1.575 billion. The Visible A𝓡lpha estimate was $1.530 billion.
Dutch Bros shares soared 28% to $82.86 in recent trading after earlie💞r hitt💙ing a record $86.42. They have tripled in the last year.
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