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Dutch Bros' Strong Q1 Earnings Report Shows It Is Leagues Ahead Of Starbucks
Seeking Alpha· 2024-05-08 03:39
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(BROS) - 2024 Q1 - Earnings Call Presentation
2024-05-08 02:44
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(BROS) - 2024 Q1 - Earnings Call Transcript
2024-05-08 02:34
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) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research· 2024-05-07 23:01
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 ...
Dutch Bros (BROS) Beats Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-05-07 22:26
Dutch Bros (BROS) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 350%. A quarter ago, it was expected that this drive-thru coffee chain operator and franchisor would post earnings of $0.02 per share when it actually produced earnings of $0.04, delivering a surprise of 100%.Over the ...
Dutch Bros(BROS) - 2024 Q1 - Quarterly Results
2024-05-07 20:15
Exhibit 99.1 Achieves $275 million in Revenues in Quarter, a 39% Increase Year-over-Year Delivers 10.0% Same Shop Sales Growth and Ties Record New Shop Openings Raises 2024 Guidance Christine Barone, Chief Executive Officer and President of Dutch Bros, stated, "We are pleased with our performance in the first quarter - we delivered exceptional results and witnessed the momentum we saw leaving 2023 continue into Q1. Headlining Q1 performance was 10.0% system same shop sales growth, the strongest single quart ...
3 Staples Stocks to Cushion Lower Consumer Sentiment
MarketBeat· 2024-05-02 12:19
Key PointsAs U.S. consumer sentiment contracts from its 3-year peak, the consumer staples sector could take over this cycle.Three stocks show investors double-digit upside and up to triple-digit EPS growth this year. Above peers and calling institutions to buy them, these names offer a potentially smoother ride in the coming quarters. 5 stocks we like better than Wells Fargo & CompanyAre investors in the clear for the rest of 2024? The first quarter of the year, arguably the most important as it sets the to ...
Why Dutch Bros Stock Fell 15% in April
The Motley Fool· 2024-05-02 11:48
It's struggling through inflation.Dutch Bros (BROS -4.12%) stock fell 15% in April according to data provided by S&P Global Market Intelligence. There wasn't any specific news for the company in April, but investors were unenthused by the 2023 fourth-quarter report in March, and negative sentiment about the economy continued into April.Meet the newest coffee chain in townDutch Bros operates a small chain of coffee shops across the West Coast, but it has large expansion plans and has been steadily moving eas ...
Where Will Dutch Bros Be in 5 Years?
The Motley Fool· 2024-04-27 16:16
Dutch Bros is a rapidly expanding coffee chain. There's material growth ahead, but investors need to make sure it doesn't move too quickly.Dutch Bros (BROS -1.04%) has been around for about 30 years, but it has only been public since late 2021. At that time, it had 471 stores in 11 states. At the end of 2023, the company operated 831 locations in 16 states. Clearly, growth is the big story, and that isn't likely to change over the next five years. Here's what you need to know before you buy the stock.Dutch ...
Why Dutch Bros (BROS) is Poised to Beat Earnings Estimates Again
Zacks Investment Research· 2024-04-15 17:15
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Dutch Bros (BROS) , which belongs to the Zacks Beverages - Soft drinks industry.This drive-thru coffee chain operator and franchisor has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 100%.For the most recent quarter, Dutch Bros was e ...