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Dutch Bros(BROS) - 2024 Q3 - Quarterly Results
2024-11-06 21:15
Exhibit 99.1 Dutch Bros Inc. Reports Third Quarter 2024 Financial Results Achieves $338 million in Revenues in Quarter, a 28% Increase Year-over-Year Completes Mobile Order Capability Rollout Raises Revenue and Adjusted EBITDA Guidance GRANTS PASS, Ore. - November 6, 2024 - Dutch Bros Inc. (NYSE: BROS; "Dutch Bros" or the "Company"), one of the fastest-growing brands in the quick service beverage industry in the United States by location count, today reported financial results for the third quarter ended Se ...
3 Stocks That Are Potential Takeover Targets in 2025
MarketBeat· 2024-11-04 14:45
Federal Reserve Rate Cuts and Market Impact - Rate cuts stimulate consumer spending and construction activity due to lower borrowing costs [1] - Housing market demand expected to rise as mortgage rates fall [1] - IPO activity and mergers & acquisitions likely to increase due to cheaper financing costs [1] Pinterest (PINS) - Revenue grew 21% YoY to $854 million in Q2 2024, with global MAUs up 12% YoY to 522 million [2] - North America revenue increased 13% YoY, though growth slowed compared to prior quarters [2] - Pinterest's focus on visual discovery and shopping aligns with e-commerce or social media platforms seeking to expand into social commerce [3] - Potential acquisition targets for Meta (META) and Amazon (AMZN), with Amazon being Pinterest's first third-party advertising partner [4] Roku (ROKU) - Roku dominates the streaming device market with 85.5 million streaming households connected to its network [5] - Q3 2024 platform revenue reached $908 million, up 15% YoY, with ARPU at $41.10 TTM [6] - Streaming hours grew to 32 billion in Q3, up 5.3 billion hours YoY [6] - Potential suitors include Amazon (AMZN), Apple (AAPL), Google (GOOGL), and Sony (SNE) [7] Dutch Bros (BROS) - Q2 2024 revenue surged 30% YoY, with same-shop sales up 4.1% YoY [9] - Plans to open 150-165 new shops in 2024, aiming for 4,000 locations in 10-15 years [9] - Over 65% of transactions are made through the Dutch Rewards program, with AUV at $2 million [9] - Potential suitors include McDonald's (MCD), Restaurant Brands International (QSR), Starbucks (SBUX), and Luckin Coffee (LKNCY) [10][11] - Luckin Coffee's entry into the U.S. market with lower pricing could challenge Dutch Bros [11]
Where Will Dutch Bros Stock Be in 3 Years?
The Motley Fool· 2024-11-03 18:37
The high-growth coffee chain still has a bright future.Dutch Bros (BROS 0.84%) has gone through some wild swings since its IPO in September 2021. The American drive-thru coffee chain went public at $23 a share, then more than doubled to a record high of $76.25 two months later, but now trades at about $35.The bulls initially embraced Dutch Bros because it was growing rapidly and seemed destined to disrupt Starbucks. However, they retreated as the company's growth cooled off and rising rates compressed their ...
2 Stocks That Could Double Within 3 Years
The Motley Fool· 2024-11-03 10:20
These relatively small companies have excellent growth prospects.Wall Street doesn't always get it right. Companies with excellent growth prospects can be significantly undervalued, leading to stellar returns for patient investors. What follows are two stocks that could double your money in just a few years.1. Opendoor TechnologiesOpendoor Technologies (OPEN 4.00%) is disrupting the homebuying process. Its digital platform removes the friction and hassle of buying a home, and while it has experienced growth ...
Sleigh the Season: Dutch Bros Unwraps 2024 Holiday Menu
Prnewswire· 2024-11-01 10:45
Hazelnut Truffle and Candy Cane are home for holidays with a new fave!GRANTS PASS, Ore., Nov. 1, 2024 /PRNewswire/ -- Dutch Bros is making it a season to remember with this year's holiday trio. Here to make the holidays groovy and bright, the Hazelnut Truffle Mocha, Candy Cane Mocha and Winter Shimmer Rebel are now available at all 950+ Dutch Bros locations.Experience the full interactive Multichannel News Release here: https://www.multivu.com/dutch-bros-coffee/9218057-en-dutch-bros-unwraps-2024-holiday-men ...
4 Restaurant Stocks With Growth Potential as Sales Soar
ZACKS· 2024-10-24 19:01
The U.S. restaurant industry grew at a solid pace over the past two years despite major challenges from higher borrowing and raw material costs. Higher personal income has been one of the key reasons Americans have been spending lavishly on eating out.The Commerce Department reported earlier this month that restaurant sales showed impressive growth in September, boosting overall retail sales.Given the bright outlook, investing in restaurant stocks, such as Dutch Bros Inc. (BROS) , Brinker International, Inc ...
3 Stocks That Can Help You Grow Richer in 2025
The Motley Fool· 2024-10-22 10:15
These beaten-down stocks could make you some serious money on the rebound.Past performance is not always the best indicator of a stock's prospects. Stocks that have fallen sharply in 2024 could be next year's big winners. For investors who are considering adding such companies to their portfolios, it's important to pay close attention to the things that are driving those businesses -- and particularly, those catalysts that could in time justify a higher share price.For those looking for stocks that could ri ...
Can Dutch Bros Stock Beat the S&P 500 Between Now and 2030?
The Motley Fool· 2024-10-20 22:45
This up-and-coming coffeehouse chain has taken shareholders on a volatile ride. With massive tech stocks, particularly those with exposure to artificial intelligence, seemingly getting all the attention these days, investors might be wondering if there are potential opportunities to buy businesses that fly under the radar. Dutch Bros (BROS 0.92%) is a mid-cap stock, worth $5.4 billion as of this writing, that could be worthy of consideration. The coffee stock currently trades 54% off its peak price, but it ...
Got $1,000? 3 Stocks to Buy Now While They're on Sale.
The Motley Fool· 2024-10-17 10:15
Why these three consumer stocks are must buys at current prices. While technology stocks seem to garner much of investors' attention nowadays, there are some solid opportunities in the consumer space that investors should consider picking up while the stocks are on sale. Let's look at three growth stocks well off their highs that investors can look to buy right now. They all have easy-to-understand businesses and growth drivers ahead. 1. e.l.f Beauty Despite strong growth this year, shares of e.l.f Beauty ( ...
Dutch Bros (BROS) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2024-10-16 23:05
Dutch Bros (BROS) ended the recent trading session at $34.86, demonstrating a +1.93% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.47%. Meanwhile, the Dow experienced a rise of 0.79%, and the technology-dominated Nasdaq saw an increase of 0.28%. Prior to today's trading, shares of the drive-thru coffee chain operator and franchisor had lost 1.41% over the past month. This has lagged the Retail-Wholesale sector's gain of 3.09% and the S&P 500's gain of 3.48% i ...