BROS Stock Recent News

Dutch Bros beat estimates on the top and bottom lines. It raised financial guidance but said new store openings would be slightly lower than expected.

Dutch Bros. (NYSE: BROS ) stock is falling lower on Thursday following the release of the coffee chain's earnings report for the second quarter of 2024.

Shares of Dutch Bros (BROS) lost more than a fifth of their value in intraday trading Thursday, a day after the coffee chain projected low-single-digit 2024 same-store sales growth.

Dutch Bros, Inc. (NYSE:BROS ) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Paddy Warren - Senior Director, IR and Capital Markets Christine Barone - President and CEO Josh Guenser - CFO Conference Call Participants Sharon Zackfia - William Blair Andrew Charles - TD Cowen John Ivankoe - JPMorgan David Tarantino - Baird Andy Barish - Jefferies Sara Senatore - Bank of America Chris O'Cull - Stifel Dennis Geiger - UBS Brian Mullan - Piper Sandler Jeff Farmer - Gordon Haskett Nick Setyan - Wedbush Securities Jeffrey Bernstein - Barclays Gregory Francfort - Guggenheim Partners Operator Greetings, and welcome to the Dutch Bros' Second Quarter 2024 Conference Call. At this time, all participants are in a listen-only mode.

Although the revenue and EPS for Dutch Bros (BROS) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Dutch Bros (BROS) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.13 per share a year ago.

Dutch Bros (BROS) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Beyond analysts' top -and-bottom-line estimates for Dutch Bros (BROS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.

Dutch Bros' stock has dropped more than 50% below its all-time high. But it continues to expand at a sustainable rate with expanding margins.

Dutch Bros (BROS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.