Dutch Bros Inc. (NYSE: BROS) reported Q2 EPS of $0.13, $0.07 better than the analyst estimate of $0.06. Revenue for the quarter came in at $249.9 million versus the consensus estimate of $253.4 million.

Total revenues are projected to be at the lower end of the previously communicated range of $950 million to $1 billion, which reflects current new shop AUV trends of approximately $1.7 million, partially offset by improved traffic trends and Q3 pricing actions.

Same shop sales growth is estimated to remain in the low single digits.

Adjusted EBITDA3 is now estimated to be between $135 million and $140 million, up from at least $125 million. This reflects stronger than expected year-to-date profitability trends, partially offset by revised revenue expectations and increased levels of investment in support of key priorities.

For earnings history and earnings-related data on Dutch Bros Inc. (BROS) click here.