Dutch Bros Shares Plunge Over 30% on Q1 Earnings Miss

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Go back to Dutch Bros Shares Plunge Over 30% on Q1 Earnings Miss

Dutch Bros Inc. Announces First Quarter 2022 Financial Results

May 11, 2022 4:05 PM EDT

Opened 34 Shops, Revenue Up 54% Year-over-Year

Increases Development Target to at least 130 Shop Openings in 2022

Revises Full Year 2022 Outlook

GRANTS PASS, Ore.--(BUSINESS WIRE)-- Dutch Bros Inc. (NYSE: BROS; Dutch Bros or the Company) one of the fastest-growing brands in the food service and restaurant industry in the United States by location count, today reported financial results for the first quarter ended March 31, 2022. The Company also revised its full year 2022 outlook.

Joth Ricci, Chief Executive Officer and President of Dutch Bros Inc., stated, The consumer demand for... More