Dutch Bros Revises FY24 Outlook From $1.19B-$1.205B To $1.20B-$1.215B Vs $1.2B Est.; Total System Shop Openings In 2024 Are Expected To Remain In The Range Of 150-165
Portfolio Pulse from Benzinga Newsdesk
Dutch Bros has revised its FY24 outlook, increasing total revenue projections to $1.20B-$1.215B from the previous $1.19B-$1.205B, and raising adjusted EBITDA estimates to $195M-$205M from $185M-$195M. The company expects to maintain its total system shop openings in the range of 150-165, with same shop sales growth in the low single digits and capital expenditures between $280M-$320M.
May 07, 2024 | 8:20 pm
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Dutch Bros has raised its FY24 revenue and adjusted EBITDA forecasts, indicating a positive outlook on its financial performance and growth.
The upward revision in revenue and EBITDA forecasts suggests Dutch Bros is optimistic about its growth and operational efficiency. This positive outlook, especially in a competitive industry, is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
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