Starbucks is facing a number of challenges right now, and consumers may be opting for an up-and-coming chain as an alternative.As earnings season comes into full bloom, some businesses outside big tech are capturing the attention of investors.Coffee chain Starbucks (NASDAQ: SBUX) is a closely followed company because its trends can offer unique insights into the health of the economy and consumer purchasing habits.Last week, Starbucks released results for its second quarter of fiscal 2024, ended March 31. O ...

An analyst upgrade lifted shares of the coffee chain.Shares of Dutch Bros (BROS 8.20%) were moving higher again, continuing a surge from earlier in the week after the drive-thru coffee chain delivered impressive results in its first-quarter earnings report.Today, the coffee slinger seemed to benefit from a Wall Street upgrade, reflecting the strong results in its recent earnings report.As of 1:17 p.m. ET, the stock was up 8%. Dutch Bros gets a nod from Wall StreetTD Cowen upgraded its rating on Dutch Bros f ...

Key PointsEarnings reports often trigger large moves in stocks that signal larger moves to come. The stocks on this list surged more than 10% following their earnings reports. Analysts sentiment is positive and may lead them to fresh highs before the end of the year. 5 stocks we like better than Payoneer GlobalEarnings reports often catalyze big moves in a stock’s price; the bigger the move, the more conviction the market shows. Catalysts for these moves include better-than-expected results, gained traction ...

The upstart coffee chain delivered a strong earnings report on Tuesday night.Shares of Dutch Bros (BROS 1.86%), the drive-thru-focused coffee chain in the Western U.S., were climbing the charts this week after the company delivered a strong first-quarter earnings report.As of Thursday at 12:52 p.m. ET, the stock was up 17.4%, according to data from S&P Global Market Intelligence. The company's strong quarterly results also drew a notable contrast with Starbucks, the global coffee giant, which posted weak re ...

Financial Performance - Company-operated shop revenues for the three months ended March 31, 2024, were $248.1 million, up 43.2% from $173.2 million in the same period last year[416] - Total revenues for the three months ended March 31, 2024, were $275,099,000, a 39.4% increase from $197,267,000 in the same period last year[442] - Income before income taxes for the three months ended March 31, 2024, was $24,987,000, compared to a loss of $6,811,000 in the prior year[442] - Other income for the three months ended March 31, 2024, was $5,801,000, significantly higher than $1,307,000 in the previous year[442] Operational Growth - As of March 31, 2024, the company operated 641 systemwide shops, an increase from 503 in the same period last year, representing a growth of 27.5%[414] - Segment contribution from company-operated shops was $73,999,000, up from $41,873,000, reflecting a significant increase in profitability[442] Cost Management - The gross profit from company-operated shops was $54.3 million, which is 21.9% of revenues, compared to $28.9 million or 16.7% of revenues in the prior year[416] - Beverage, food, and packaging costs accounted for 25.7% of revenues in Q1 2024, down from 28.3% in Q1 2023, indicating improved cost management[416] - Labor costs increased to $65.4 million, representing 26.4% of revenues, compared to 28.0% in the same period last year[416] - Total cost of sales increased to $203,326,000 from $151,523,000, indicating a rise of 34.2% year-over-year[442] - The company has adjusted its menu prices to offset rising costs of key operating resources, including dairy, coffee, and fuel, which have been impacted by inflation[545] - Labor costs have been affected by increases in minimum wage requirements, which may impact overall operating results in the future[546] - The company is facing current commodity inflation and anticipates that these pressures will continue to affect operating results[546] Financial Position - As of March 31, 2024, the company had $244.1 million outstanding under its term loan facility, with potential for additional debt subject to restrictions[418] - The total depreciation and amortization for the three months ended March 31, 2024, was $20,989,000, compared to $14,362,000 in the same period last year[442] Customer Engagement - The Dutch Rewards program, launched in February 2021, is a key indicator of customer loyalty and future promotional plans[414] Economic Challenges - The company is facing challenges related to economic conditions, including inflation and consumer discretionary spending, which may impact future sales and profitability[429] Internal Controls - The company has not experienced any material changes in internal control over financial reporting during the three months ended March 31, 2024[548]

Investors rightfully feel fully caffeinated after the company's stellar earnings.Shares of quick-service coffee and beverage company Dutch Bros (BROS 11.07%) exceeded analysts' estimates for its first-quarter results. As of 1:20 p.m. ET on Wednesday, Dutch Bros stock was up 11%.Dutch Bros: Blending high growth with net profitsEntirely in high growth mode, Dutch Bros delivered a 39% sales increase in Q1, powered by the fact that its store count grew by 22% over the same time frame. However, these new stores ...

AGCreativeLab/iStock via Getty ImagesInvestment Thesis Dutch Bros (NYSE:BROS) posted quarterly earnings and revenue for their first quarter of FY24 that beat market expectations amid strong growth in their U.S. same-shop sales, much faster than what the coffee chain had witnessed in the same quarter a year earlier. Given the miserable performance by Starbucks (SBUX), my expectations were aligned with the general market sentiment, projecting far slower same-shop sales for Dutch Bros. However, the Oregon- ...

DUTCH BROS DUTCH BROS 44175 117 Supplemental Earnings Slides Q1 2024 DISCLAIMER 12 51 90 28 2 3 11 39 97 159 251 223 35 0 141 203 217 217 217 Forward-Looking Statements. Statements in this presentation and the accompanying oral presentation that are not statements of historical fact are forward-looking statements. Such forward-looking statements include, without limitation, statements regarding the Company's future results of operations or financial condition, including guidance for 2024, business strategy ...

Dutch Bros, Inc. (NYSE:BROS) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Paddy Warren - Senior Director-Investor Relations and Capital Markets Christine Barone - President and Chief Executive Officer Charley Jemley - Chief Financial Officer Conference Call Participants John Ivankoe - JPMorgan Andy Barish - Jefferies Sharon Zackfia - William Blair Patrick Johnson - Stifel Brian Mullan - Piper Sandler Sara Senatore - Bank of America David Tarantino - Baird Jeffrey Bernstein - ...

Dutch Bros (BROS) reported $275.1 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 39.5%. EPS of $0.09 for the same period compares to $0.00 a year ago.The reported revenue represents a surprise of +7.58% over the Zacks Consensus Estimate of $255.71 million. With the consensus EPS estimate being $0.02, the EPS surprise was +350.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...