DUTCH BROS INC-CLASS A (BROS)
US26701L1008 - Common Stock
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There was a lot to like about Dutch Bros' third-quarter earnings report.
Why Is Dutch Bros (BROS) Stock Rocketing Higher Today
Shares of coffee chain Dutch Bros (NYSE:BROS) jumped 40.3% in the morning session after the company reported a "beat and raise" quarter, which suggests that its recent sales optimization efforts are resonating with customers. Dutch Bros delivered strong third-quarter earnings, which blew past analysts' revenue and EBITDA expectations as same-shop transaction growth improved. This shows profitable growth. The company is engaging customers by introducing new menus, such as seasonal beverages like the Cookie Butter Latte. The rollout of mobile ordering across most locations has also increased transaction frequency.
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Dutch Bros stock hit a new 52-week high today.
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Dutch Bros (BROS) Q3 2024 Earnings Call Transcript
BROS earnings call for the period ending September 30, 2024.
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Dutch Bros (NYSE:BROS) Reports Upbeat Q3, Stock Jumps 15.1%
Coffee chain Dutch Bros (NYSE:BROS) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 27.9% year on year to $338.2 million. The company’s full-year revenue guidance of $1.26 billion at the midpoint came in 2.2% above analysts’ estimates. Its non-GAAP profit of $0.16 per share was also 37.1% above analysts’ consensus estimates.
Dutch Bros Inc. Reports Third Quarter 2024 Financial Results
Notable Tuesday Option Activity: BROS, YETI, CALX
Dutch Bros Earnings: What To Look For From BROS
Coffee chain Dutch Bros (NYSE:BROS) will be reporting earnings tomorrow afternoon. Here’s what to look for.
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