Dutch Bros Stock Falls After Q2 Results, Forward Guidance
Portfolio Pulse from Erica Kollmann
Dutch Bros Inc. (NYSE:BROS) shares fell after reporting Q2 earnings that beat estimates but provided forward guidance that was slightly below expectations. Despite strong revenue growth and increased same-shop sales, the stock dropped 13.79% in after-hours trading.
August 07, 2024 | 8:57 pm
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Dutch Bros reported Q2 earnings that beat estimates and showed strong revenue growth, but the stock fell 13.79% after-hours due to forward guidance that was slightly below expectations.
Despite beating earnings and revenue estimates, the forward guidance was slightly below expectations, leading to a significant drop in the stock price. Investors may be concerned about the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100