Dutch Bros Expects 2024 Total Revenues Of $1.190B-$1.205B, Est $1.22B
Portfolio Pulse from Benzinga Newsdesk
Dutch Bros has projected its total revenues for 2024 to be between $1.190 billion and $1.205 billion, which is below the estimated $1.22 billion. The company also expects to open between 150 to 165 new shops in 2024.
February 21, 2024 | 10:36 pm
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Dutch Bros projects lower-than-expected revenues for 2024 but plans significant shop expansion.
The projected revenues for 2024 being below the estimated figures could lead to a negative short-term reaction in the stock market. However, the aggressive expansion plan indicates a strong growth strategy, which might mitigate some of the negative impact over time.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100