Dutch Bros Q1 Adj $0.09 Beats $0.02 Estimate, Sales $275.10M Beat $254.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dutch Bros reported Q1 adjusted earnings of $0.09 per share, surpassing the $0.02 estimate, with sales of $275.10M exceeding the $254.50M forecast. This represents a 39.46% increase in sales compared to the same period last year.
May 07, 2024 | 8:10 pm
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Dutch Bros significantly exceeded Q1 earnings and sales estimates, with a 39.46% year-over-year sales increase.
Beating both earnings and sales estimates by a significant margin, especially with a substantial year-over-year sales growth, is likely to positively impact investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100