Dutch Bros Stock Climbs On Better-Than-Expected Q4 Results
Portfolio Pulse from Erica Kollmann
Dutch Bros Inc. (NYSE:BROS) reported Q4 earnings of 4 cents per share, surpassing the 2 cents estimate by 100% and marking a 33.33% increase from the previous year. Quarterly sales reached $254.12 million, exceeding estimates by 0.54% and showing a 25.91% year-over-year growth. The company opened 159 new shops in 2023, with 146 being company-operated, and achieved a record system AUV since its IPO. For 2024, Dutch Bros anticipates opening 150 to 165 shops, expects revenues between $1.190 billion and $1.205 billion, and forecasts low single-digit same-shop sales growth. Shares rose 7.17% in after-hours trading.
February 21, 2024 | 10:14 pm
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Dutch Bros Inc. reported strong Q4 results, surpassing earnings and sales estimates, and provided an optimistic outlook for 2024 with plans to open 150 to 165 new shops and expecting revenues between $1.190 billion and $1.205 billion.
The positive earnings report and the optimistic outlook for 2024, including significant shop expansion and revenue growth, are likely to boost investor confidence and drive short-term stock price appreciation. The after-hours trading response already indicates a positive market reaction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100