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The chain's name originally included a period in the abbreviation, as seen in the neon signage of a 2014-opened store. Dutch Bros Inc., originally written Dutch Bros. (with a period at the end), is a publicly held drive-through coffee chain in the United States. [4] Founded in 1992 by Dane and Travis Boersma, it is headquartered in Grants Pass ...
Net income increased from $9.7 million to $22.2 million. Since Dutch Bros is a small company in full growth mode, it's going to look a lot different in five years. It will have a lot more stores ...
1. Dutch Bros' growth marathon is in its early miles. Even though the company more than doubled its shop count from 441 locations in 2020 to today's 900-plus stores, roughly 75% of Dutch Bros ...
Here's where Dutch Bros bucks the trend. Net income soared roughly 130% from $9.7 million in Q2 2023 to $22.2 million in the latest quarter. Expenses are rising at a slower rate than the top line ...
Now guiding to open "only" 150 stores, versus previous plans for 165 in 2024, Dutch Bros felt the wrath of the market. Following this earnings report, however, TD Cowen analyst Andrew Charles ...
Dutch Bros' second-quarter revenue grew 30% year over year to $324.9 million, driven by 36 new shop openings (to 912) and modest same-shop sales growth. Operating income jumped 64% to $32.2 ...
The first store opened in 1987 at 1569 Grand Avenue in St. Paul, [3] after the Dunn brothers had driven an old Dodge van loaded with their belongings from Portland, Oregon, to Minnesota in search of a good, underserved location for a coffee business. They found a refurbished 1950s Probat roaster in Cincinnati, Ohio, and used it to set up that ...
Dutch Bros opened 159 new shops in 2023, and now has 831 shops across 16 states, the company announced Monday. Its same-store sales grew 4% last quarter, while Starbucks' same-store sales jumped 8 ...