Dutch Bros Says FY23 Total System Shop Openings Expectation Remains Unchanged; Expectation That Revenue Would Be At Lower End Of $950M-$1B Range vs $957.55M Est. Remains Unchanged
Portfolio Pulse from Benzinga Newsdesk
Dutch Bros (BROS) has announced that its FY23 total system shop openings expectation remains unchanged. However, the company expects that its revenue would be at the lower end of the $950M-$1B range, which is slightly below the estimated $957.55M.
November 07, 2023 | 9:13 pm
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Dutch Bros' unchanged shop openings expectation for FY23 indicates stability, but the lower revenue expectation could negatively impact the stock.
The unchanged expectation for shop openings indicates that Dutch Bros is maintaining its expansion plans, which is a positive sign. However, the lower revenue expectation, which is below the estimated $957.55M, could be a concern for investors and may negatively impact the stock in the short term.
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