BUZZ-Dutch Bros rises on quarterly sales, profit beat

Updates

Beverage shop chain Dutch Bros' BROS.N shares up 29.6% at $84.03

Company forecasts annual total revenues in a range of $1.55 billion and $1.57 billion, the midpoint of which is above estimates of $1.56 billion, as per data compiled by LSEG

Co's fourth-quarter net revenues rise 34.9% to $342.8 million beating analysts' expectation of $317.8 million

In the quarter, excluding items, the co earned 7 cents per share as compared to analyst expectations of 2 cents

As we survey the industry landscape, we believe Dutch Bros is uniquely positioned and on-trend with an emphasis on iced beverages, personalization, and speed - CEO Christine Barone

BROS stock rose 65% in 2024