Dutch Bros Inc. (NYSE: BROS) reported Q1 EPS of $0.09, $0.07 better than the analyst estimate of $0.02. Revenue for the quarter came in at $275.1 million versus the consensus estimate of $255.68 million.

GUIDANCE:

Dutch Bros Inc. sees FY2024 revenue of $1.2-1.22 billion, versus the consensus of $1.2 billion.

• Total system shop openings in 2024 are expected to remain in the range of 150 to 165.
• Total revenues are now projected to be between $1.20 billion and $1.215 billion up from the prior range of $1.190 billion and $1.205 billion.
• Same shop sales growth is expected to remain in the low single digits.
• Adjusted EBITDA3 is now estimated to be between $195 million and $205 million up from the prior range of $185 million to $195 million.
• Capital Expenditures are estimated to remain between $280 million to $320 million

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