Dutch Bros' Rapid Expansion Still Justifies A Higher Price

Core Thesis - Dutch Bros (BROS) is expected to continue its rapid growth due to the expansion of new locations and strong same-store sales growth despite a weakening economy and changing consumer behavior among younger demographics [1] Company Growth - The company is actively adding numerous new locations, which is a significant driver of its growth strategy [1] - High same-store sales growth indicates strong customer demand and brand loyalty, contributing to overall revenue increases [1] Economic Context - The broader economic environment is showing signs of weakening, which could impact consumer spending habits [1] - Younger consumers are exhibiting changing preferences, which may influence the company's marketing and product strategies [1]