Dutch Bros (NYSE: BROS) stock fell 26% in August, according to data provided by S&P Global Market Intelligence. Although it released a stellar earnings report, it wasn't enough to please the market.
Dutch Bros operates a coffee shop chain that's expanding quickly across the country. It has 1,225 stores as of the end of the second quarter, and management says that it has secured 90% of the stores it needs to reach its goal of having 2,029 stores by 2029. It also has a longer-term goal of 7,000 stores.
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It's growing rapidly, both with new store count and repeat sales, both of which are driving increased sales. Total revenue increased 32% year over year in the second quarter, and same-shop sales were up 5.8%. Company-owned same-shop sales have been increasing at a faster rate than franchised-store sales, including an 8.3% increase in the second quarter, and the company is transitioning to opening only company-owned stores.
Dutch Bros is live in 26 states as of the end of the quarter, and it entered its 26th, Mississippi, in July. The company has become a popular destination in its live states, and its first Chicago-area store recently reached a record $7 million in volume.
#shop
Dutch Bros operates a coffee shop chain that's expanding quickly across the country. It has 1,225 stores as of the end of the second quarter, and management says that it has secured 90% of the stores it needs to reach its goal of having 2,029 stores by 2029. It also has a longer-term goal of 7,000 stores.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
It's growing rapidly, both with new store count and repeat sales, both of which are driving increased sales. Total revenue increased 32% year over year in the second quarter, and same-shop sales were up 5.8%. Company-owned same-shop sales have been increasing at a faster rate than franchised-store sales, including an 8.3% increase in the second quarter, and the company is transitioning to opening only company-owned stores.
Dutch Bros is live in 26 states as of the end of the quarter, and it entered its 26th, Mississippi, in July. The company has become a popular destination in its live states, and its first Chicago-area store recently reached a record $7 million in volume.
#shop
9 days ago
