On April 1, 2022, Dutch Bros Inc. entered into an interest rate swap transaction with JPMorgan Chase Bank, N.A. with respect to $70 million of the term loan under the 2022 Credit Facility. The purpose of the floating-to-fixed interest rate swap was to fix the interest base rate charged on the term loan at 2.67% for the $70 million notional amount. The interest rate swap matures on February 28, 2027. There were no changes to the interest rate swap contract resulting from the amendment to our credit facility. ...

Dutch Bros Inc. (NYSE:BROS) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Paddy Warren - Director, Investor Relations and Corporate Development Joth Ricci - Chief Executive Officer Christine Barone - President Charley Jemley - Chief Financial Officer Conference Call Participants Chris O'Cull - Stifel Sharon Zackfia - William Blair Andrew Charles - Cowen and Company Sara Senatore - Bank of America Jeffrey Bernstein - Barclays David Tarantino - Robert W. Baird Jeff Farmer - G ...

DUTCH BROS 44175 DUTCH BROS 117 Supplemental Earnings Slides 12 51 90 28 2 3 11 39 97 159 217 217 217 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, business strategy and plans, and objectives of management for future operations. Words ...

Table of Contents | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------|-------|-----------------|-----------|--------------------------|-------|-------------------------------|-----------------------------|-------|-----------------|-----------|----------------------------|-------------|--------------------------|-------------------------| | (in thousands; unaudited) \nOccupancy and other costs | $ | 2023 \n32 ...

Dutch Bros Inc. (NYSE:BROS) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Paddy Warren - Director, Investor Relations and Corporate Development Joth Ricci - Chief Executive Officer Christine Barone - President Charley Jemley - Chief Financial Officer Conference Call Participants Andy Barish - Jefferies Chris O'Cull - Stifel John Ivankoe - JPMorgan Andrew Charles - Cowen and Company Sharon Zackfia - William Blair Jeffrey Bernstein - Barclays Sara Senatore - Bank of America Davi ...

FORM 10-K ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 87-1041305 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) (541) 955-4700 (Registrant's telephone number, including area code) ______________________________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted purs ...

Dutch Bros Inc. (NYSE:BROS) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Company Participants Paddy Warren - IR Joth Ricci - CEO Charley Jemley - CFO Conference Call Participants David Tarantino - Baird Sharon Zackfia - William Blair Chris O'Cull - Stifel Andrew Charles - Cowen and Company Sara Senatore - Bank of America John Ivankoe - JPMorgan Jeff Farmer - Gordon Haskett Nick Setyan - Wedbush Securities Gregory Francfort - Guggenheim Securities Operator Greetings, and welcome to the Dutch ...

Dutch Bros Inc. (NYSE:BROS) Q3 2022 Results Conference Call November 9, 2022 5:00 PM ET Company Participants Paddy Warren - Investor Relations Joth Ricci - President and CEO Charley Jemley - CFO Conference Call Participants Andrew Charles - Cowen Sara Senatore - Bank of America David Tarantino - Baird John Ivankoe - JP Morgan Nicole Miller - Piper Sandler Jeffrey Bernstein - Barclays Sharon Zackfia - William Blair Patrick Johnson - Stifel Operator Greetings, and welcome to the Dutch Bros Inc. Third Quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 10-Q ______________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Title of Each Class Trading Symbol Name of Exchange on which Registered Class A Common Stock, par value $0.00001 per share BROS The New York Stock Exchange For the Quarterly Period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...

Financial Data and Key Metrics Changes - The company reported revenue of $186.4 million for Q2 2022, a 44.2% increase from Q2 2021 [9] - Adjusted EBITDA for the quarter was $23.9 million, aligning with the company's expectations [15] - Company-operated shop contribution grew 20% year-over-year to $39.5 million, with a sequential margin improvement of 630 basis points from Q1 2022 [15][32] - Year-to-date consolidated revenue grew 48% [38] Business Line Data and Key Metrics Changes - Company-operated shop revenue increased 56% in Q2 to $161 million [38] - Same shop sales declined 3.3% in Q2, with a positive pricing benefit of approximately 5.3% [11][40] - The company opened 31 new shops in Q2, bringing the total to 336 company-operated shops, a 62% increase year-over-year [39] Market Data and Key Metrics Changes - The pressure on same-store sales was primarily driven by headwinds in California, where gas prices remained over 30% higher than the national average [11][70] - The company experienced a decline in visits from lower-income customers, with a 45% drop in traffic for households earning below $40,000 in California [72] Company Strategy and Development Direction - The company aims to open at least 130 new shops in 2022, with a long-term goal of reaching 4,000 shops in the next 10 to 15 years [10][16] - The market-entry strategy focuses on establishing operational scale quickly and balancing market demand [12] - The company is investing in technology to improve customer experience and expanding its Dutch Rewards program, which now has over 4 million users [25][28] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the dynamic macroeconomic environment but expressed confidence in the team's agility to navigate challenges [17] - The company plans to evaluate additional menu pricing actions in Q3 to address elevated input costs [14][30] - Management remains focused on long-term growth despite short-term headwinds, emphasizing the importance of brand strength and customer engagement [61] Other Important Information - The company celebrated its 600th shop opening and achieved $1 billion in trailing 12-month system-wide sales [35] - The Dutch Bros Foundation has been active in charitable contributions, raising over $2.3 million for ALS research [34] Q&A Session Summary Question: Discussion on promotions and targeted offers - Management confirmed successful execution of promotions around Blue Rebel and Freeze, leading to improved sales in June and July [63][65] Question: Inquiry about commodity inflation expectations - Management expects inflation to moderate to high single digits in the back half of the year, without including an additional price increase in guidance [64] Question: Clarification on same-store sales trends - Management noted that California's performance significantly impacted overall same-store sales, with a notable decline in lower-income customer visits [70][72] Question: Insights on productivity gains and margin improvements - Management highlighted that productivity gains contributed to margin improvements, with expectations for continued upward movement in margins for the second half of the year [78][81] Question: Unit growth and long-term guidance - Management reiterated plans to maintain mid-teens growth in new shop openings, emphasizing the importance of both new unit growth and market share expansion [96][99]