Dutch Bros Inc. (BROS) reported Q2 EPS of $0.05, in-line with the analyst estimate of $0.05. Revenue for the quarter came in at $186.4 million versus the consensus estimate of $182.24 million.
GUIDANCE:
Dutch Bros Inc. sees FY2022 revenue of $715 million, versus the consensus of $713.1 million.
- Total system shop openings are expected to be at least 130, of which at least 110 shops will be company-operated.
- Total revenues are now projected to be at least $715 million.
- Same shop sales3 growth is estimated to be approximately flat.
- Adjusted EBITDA6 is estimated to be at least $90 million.
- Capital expenditures are estimated to be in the range of $175 million to $200 million, which includes approximately $15 million to $20 million for our new roasting facility that we project will open in late 2023 / early 2024.