Dutch Bros Inc. (NYSE: BROS) reported Q2 EPS of $0.19, $0.06 better than the analyst estimate of $0.13. Revenue for the quarter came in at $325 million versus the consensus estimate of $316.98 million.

GUIDANCE:

Dutch Bros Inc. sees FY2024 revenue of $1.215-1.23 billion, versus the consensus of $1.23 billion.

• Total revenues are now projected to be between $1.215 billion and $1.230 billion, up from the prior range of $1.20 billion and $1.215 billion.
• Same shop sales growth is expected to remain in the low single digits.
• Adjusted EBITDA3 is now estimated to be between $200 million and $210 million, up from the prior range of $195 million to $205 million and Adjusted SG&A3 is estimated to be between $190 million and $200 million, up from the prior range of $183 million and $189 million.
• Total system shop openings in 2024 are now expected to be at the lower end of the previously communicated range of 150 to 165.
• Capital Expenditures are estimated to be between $270 million to $290 million from the prior range of $280 million to $320 million.

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