Dutch Bros reports Q2 adjusted EPS 13c, consensus 7c

Reports Q2 revenue $249.9M, consensus $253.44M. Reports Q2 system same shop sales increased 3.8%, inclusive of the impact of the company’s fortressing strategy, which results in sales being transferred from existing shops to new ones, as compared to the same period in 2022. Q2 company-operated same shop sales increased 1.6%, as compared to the same period of 2022.