Dutch Bros: Q1 Earnings Snapshot
GRANTS PASS, Ore. (AP) _ Dutch Bros Inc. (BROS) on Wednesday reported a loss of $4.9 million in its first quarter.
On a per-share basis, the Grants Pass, Oregon-based company said it had a loss of 10 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 2 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The drive-thru coffee chain operator and franchisor posted revenue of $152.2 million in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $144.2 million.
Dutch Bros expects full-year revenue in the range of $700 million to $715 million.
Dutch Bros shares have decreased 32% since the beginning of the year.