The earnings call highlighted strong financial performance, successful expansion efforts, and strategic initiatives like mobile ordering and the Dutch Rewards program, contributing to significant revenue growth. However, challenges such as increased labor costs and higher occupancy expenses were also noted. Overall, the positive aspects, particularly the revenue growth and strategic advancements, outweighed the challenges.

Company Guidance

During the Dutch Bros' Q3 2024 earnings call, the company provided updated guidance based on their strong performance in the quarter. They reported a 28% year-over-year revenue increase, reaching $338 million, and a 20% rise in adjusted EBITDA, amounting to $64 million. System-wide same-shop sales grew by 2.7%, with company-operated same-shop sales up by 4%. The company also achieved a system-wide average unit volume (AUV) of $2 million. In light of these results, Dutch Bros raised its full-year 2024 total revenue projection to between $1.255 billion and $1.26 billion and expects adjusted EBITDA between $215 million and $220 million. Additionally, they plan to open at least 160 new shops in 2025, signifying a strategic focus on expanding their footprint.

Record Revenue Growth

Dutch Bros achieved a 28% revenue increase in Q3 2024 compared to the same quarter last year, with total revenues reaching $338 million.

Expansion and New Shop Growth

The company opened 38 new shops in Q3, bringing the total count to 950. They plan to accelerate new shop openings to at least 160 in 2025.

Mobile Order Rollout Success

Achieved 90% system and 96% company-operated shop coverage for mobile order functionality, with positive customer feedback and a significant impact on business.

Strong Adjusted EBITDA Growth

Adjusted EBITDA grew 20% year-over-year to $64 million.

Dutch Rewards Program Growth

67% of transactions were from Dutch Rewards members, with over 1 million new registrations in Q3, the highest since the program's launch.

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Dutch Bros Inc (BROS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BROS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 19, 2025	2024 (Q4)	0.02 / -	0.04	―	―	―
Nov 06, 2024	2024 (Q3)	0.12 / 0.16	0.14	14.29% (+0.02)
Aug 07, 2024	2024 (Q2)	0.13 / 0.19	0.13	46.15% (+0.06)
May 07, 2024	2024 (Q1)	0.01 / 0.09	0	―
Feb 21, 2024	2023 (Q4)	0.02 / 0.04	0.03	33.33% (+0.01)
Nov 07, 2023	2023 (Q3)	0.06 / 0.14	0.09	55.56% (+0.05)
Aug 08, 2023	2023 (Q2)	0.06 / 0.13	0.05	160.00% (+0.08)
May 09, 2023	2023 (Q1)	-0.03 / 0.00	-0.02	―
Feb 22, 2023	2022 (Q4)	0.08 / 0.03	0.02	50.00% (<+0.01)
Nov 09, 2022	2022 (Q3)	0.07 / 0.09	0.23	-60.87% (-0.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BROS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	$34.94	$44.77	+28.13%
Aug 07, 2024	$37.70	$30.22	-19.84%
May 07, 2024	$28.42	$31.77	+11.79%
Feb 21, 2024	$27.04	$27.40	+1.33%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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