Coffee Chain Dutch Bros Tops Q3 Expectations, Reaffirms FY23 Outlook: Details
Portfolio Pulse from Ryan Gustafson
Dutch Bros Inc. (NYSE:BROS) reported Q3 earnings of 14 cents per share, beating the analyst consensus estimate of seven cents. The company also reported record revenue of $265.00 million, surpassing the analyst consensus estimate of $258.60 million. Dutch Bros saw a 4.0% increase in system same-shop sales compared to 2022. The company reaffirmed its FY23 outlook, expecting revenue to be at the lower end of the $950 million to $1 billion range.
November 07, 2023 | 10:27 pm
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Dutch Bros Inc. reported better than expected Q3 earnings and revenue, which led to a rise in its stock price in the after-hours trading. The company also reaffirmed its FY23 outlook.
Dutch Bros Inc. reported Q3 earnings and revenue that beat analyst expectations, which is a positive signal for investors and can lead to a rise in the stock price. The company's reaffirmation of its FY23 outlook also provides stability and confidence for investors, which can further support the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100