Turn points into free drinks, and get rewarded for when you Dutch. Weighted-average shares of Class A and Class D common stock outstanding: The Company identified an immaterial error related to the accrual of employee sick leave and the application of ASC 710, Compensation - General, which resulted in corrections to prior period reported amounts within the consolidated statement of operations with impacted line items presented below for the three and twelve months ended December 31, 2021, respectively. Two new locations will open, according to the Louisville-based chain. Following are the reconciliations of the most comparable GAAP financial measure to non-GAAP financial measure. Check Out Dutch Bros' New Holiday Drinks For 2021 ICYMI, Dutch Bros Has 5 New Holiday Drinks, and They're a Gift to Us All. But in hindsight, this question made perfect sense. Dutch Bros offers specialty coffee, smoothies, cold brew, teas and energy drinks. Dutch Bros PubCo refers to Dutch Bros Inc., a Delaware Corporation, in which its Class A common stock are publicly traded on the New York Stock Exchange under the symbol BROS. It was equally as sweet, but in more of a chocolatey way, which was sort of an improvement. Get Drinks. Forward-looking statements contained in this press release are made as of this date, and Dutch Bros undertakes no duty to update such information except as required under applicable law. Decrease in selling, general and administrative expenses, Decrease in net loss attributable to Dutch Bros OpCo prior to the Reorganization Transactions, Decrease in net loss attributable to non-controlling interests, Decrease in net loss attributable to Dutch Bros Inc. The Oregon-based coffee company serves specialty coffee, smoothies, freezes, teas and more. We have not reconciled guidance for Adjusted EBITDA to the corresponding GAAP financial measure because we do not provide guidance for the various reconciling items. She grew up in the Seattle area and received her B.A. The popular coffee shop chain will lease suite 100 of the newer shopping center at 11921 N. Division, a 1700 SF site with a single drive thru lane that runs behind the entire structure. In 2022, we have committed to opening at least 125 new shops, supported by a robust pipeline and strong consumer acceptance of Dutch Bros. This is a standard metric used across the industry by our investors. It did, however, shake me wide awake after an early morning flight. Work is underway for a new Dutch Bros. Coffee location in North Spokane. Led by a talented pipeline of regional operators and long-term franchise partners, unit growth accelerated to 98 new shop openings, revenue grew 52.1% and same shop sales increased 8.4%. All three locations will be locally operated by Todd Sesock, and the company is currently hiring for each of the new locations. It also has locations in Universal City and Castle Hills in the works. Dutch Bros opened a record 38 new locations in the third quarter of 2022, according to Nation's Restaurant News, and are on track to reach their goal of 130 by the year's end. The impact has been small in the Lone Star State. World Coffee Portal notes that Dutch Bros began 2022 with a plan to open 125 new locations, but over the year, that number has been revised to 130. The Companys historical results have been revised to reflect an immaterial error correction related to employee sick leave accrual. Thats probably because I was a teenager. | Company-operated segment gross profit, before company-operated shop depreciation and amortization. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Controlling and non-controlling interest adjustments. Defined as EBITDA (as defined above), excluding equity-based compensation, expenses and donations associated with equity offerings, COVID-19: thank you pay and catastrophic leave expenses, COVID-19: royalty abatement expenses, COVID-19: first responder donation, impacts of transition from paper stamp card to Dutch Rewards loyalty app, and expenses associated with the exit of our in-house merchandising business, Dutchwear. Basic and diluted net loss per share of Class A and Class D common stock are applicable only for periods subsequent to September 14, 2021, which is the effective date of the Companys Reorganization Transactions and IPO. Two new locations will open, according to the Louisville-based chain. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Though there maybe is something a little off-putting about their whole good vibes only shtick Eater calls it toxic positivity. In 2020, the company removed all Black Lives Matter signs in their shops, saying, We removed the signs not because we dont support the Black Lives Matter movement. Downtown San Jose housing tower edges close to construction start A second location is anticipated to open at 1000 Kitty Hawk Rd. However, the companys CEO Dutch Bros Inc. (NYSE: BROS) Q4 2022 Earnings Call Transcript February 22, 2023. Year-over-year, company-operated shop gross margins decreased 250 bps. | A fourth Dutch Bros. in San Antonio opened Friday morning at 5398 Walzem Road on the far Northeast Side, and fifth location is opening on Feb. 11 at 527 Rittiman Road on the Northeast Side. San Antonio area will be home to new Dutch Bros. Coffee locations by end of the year, As avian flu endures, Texas farmers try to protect flocks. This non-GAAP measure is used as a supplemental measure of operating performance that we believe is useful to evaluate our performance period over period and relative to our competitors. Noncoffee drinks apparently actually outsell espresso-based drinks at Dutch Bros. All that said, this is not a coffee shop for people who love the taste of coffee. The webcast will be archived shortly after the conference call has concluded. World Coffee Portal notes that Dutch Bros began 2022 with a plan to open 125 new locations, but over the year, that number has been revised to 130. Customers who visit the new location at 442 S Pleasant Grove Boulevard can grab any drink for just $3 on Friday. A Dutch Bros. company representative said Tuesday the company is considering several possible sites for a Longview location. A brief jaunt through the menu reveals that Dutch Brosdoes not sell regular drip coffee. The number of shops included in the systemwide and company-operated comparable bases for the respective periods are presented in the following table. Published on March 1, 2023 at 12:41 am by Insider Monkey Transcripts in News, Transcripts. The new five-year facility provides $500 million in committed capital, consisting of a $100 million fully drawn term loan, a $150 million undrawn delayed draw term loan, and a $250 million revolving credit facility. Adjusted EBITDA definition and/or calculation. Dutch Bros, which is open 24/7, was the only thing nearby that was open. DUTCH BROS INC.Consolidated Statements of Operations, (in thousands, except per share amounts; unaudited), Less: Net loss attributable to Dutch Bros OpCo prior to the Reorganization Transactions, Less: Net loss attributable to non-controlling interests, Net loss per share of Class A and Class D common stock 2. Oregon-based Dutch Bros Coffee which also serves smoothies, freezes, teas and energy drinks will build a new drive-thru coffee shop on the south side of FM Download the app and start earning points today! We discontinued this support one month later in May 2020. Defined as Adjusted EBITDA (as defined above), taken as a percentage of total revenue. I know theyre anxious to move forward with the project, city planner Ryan Lenhardt said. These statements are based on Dutch Bros current expectations and beliefs, as well as a number of assumptions concerning future events. Raphael Gross We will also publish earnings presentation slides related to these financial results on our website https://investors.dutchbros.com under "Events & Presentations". Removal of allocation for controlling and non-controlling interests. Do you like coffee? he asked earnestly. On February 28, 2022, Dutch Bros refinanced its existing credit facility to provide greater liquidity and maintain a strong, growth-oriented balance sheet. Dutch Bros Inc. (NYSE: BROS) Q4 2022 Earnings Call Transcript ", He added, "On February 6, we welcomed Christine Barone as our new President. Joth Ricci, Chief Executive Officer and President of Dutch Bros Inc., stated, 2021 was a fantastic year for Dutch Bros. We started the year with the launch of the brand in Texas, which was a major milestone for the Company. By assuming the full exchange of all of our outstanding Class B and Class C common stock and related net income adjustments, we believe these measures facilitate a better comparison with other companies that have different organizational and tax structures, as well as comparisons period over period. I mean, the Portland bro-ista was genuinely really, really nice. WebDutch Bros. Coffee to open 3 more stores in metro Phoenix, Construction began Monday on a Dutch Bros. Coffee drive-through in east Mesa at Greenfield Road and Southern Avenue. By signing up you agree to our Terms of Service and Privacy Policy, Stand with us in our mission to discover and uncover the story of North Texas, Oregon-based Dutch Bros Coffee continues North Texas expansion, This Garland coffee shop introduced a line of Gilmore Girls-inspired drinks for fall, Garland police officer resigns instead of fighting termination over excessive force. The company wants to build an 850-square-foot restaurant with a 24-hour drive-thru, as well as an 8,000-square-foot Kiddie Academy child care center. Forward-looking statements include, without limitation, information concerning Dutch Bros possible or assumed future results of operations, including guidance for 2022, new shop openings, business strategies, potential growth opportunities and the effects of regulation. But some who own businesses or other properties near the potential location did express some concerns about the development, according to Lenhardt. Construction is tentatively expected to begin Jan. 15, 2021, with a grand opening scheduled for May 31, 2021. These drinks may contain coffee, but they almost certainly wont taste like it except maybe the 9-1-1, a heart attack in a cup with six espresso shots. Heres what you need to know. Take our quiz to find out. Dutch Bros is an Oregon-based coffee chain known for its sweet drinks and friendly service. Tech, restaurant, logistics layoffs trigger hundreds more Bay Area job cuts on the far West Side. By adding in the assumed full exchange of all of our outstanding Class B and Class C common stock, we believe this measure facilitates a better comparison with other companies that have different organizational and tax structures, as well as comparisons period over period. Systemwide sales and systemwide same shop sales include company-operated shop revenue and sales at franchised shops during the comparable periods noted. Management uses this metric as an indicator of shop growth and future expectations of mature locations. I had wanted to try Dutch Brosafter hearing they were opening a new location in Concord, the chains third East Bay location and the closest to where I live in Oakland. March 01, 2023 6:00 AM. Despite my apprehension, I took the bro-istas recommendations: the Kicker for me, made with espresso, half and half and Irish cream syrup, and the Caramelizer for my boyfriend, made with chocolate milk, espresso and caramel sauce. Located along 4th St. south of I-90 and near the junction of Seltice Way in Post Falls is a very active construction site. Dear Abby: Why do they imply my husband is a freak? Former band director hopes to orchestrate upset in North Side Joaquin Castro's cancerous tumors rare but manageable, UPS workers among those accused of smuggling cocaine through mail. The company was founded by brothers Dane and Travis Boersma in Grants Pass, Oregon, during the early 1990s. Dutch Bros co-founder Travis Boersma has finished out of the money in his attempt to bring big-time horse racing back to Oregon. Year-over-year, company-operated shop margins decreased 90 bps. A new Dutch Bros on the southwest corner of Eagle and Ustick roads is in the works after the Meridian City Council approved the proposal at a meeting Tuesday, Feb. 14. @rey_on_nah. Company-operated same shop sales grew 0.6%, inclusive of the impact of our fortressing strategy, as compared to 2021 and 10.4% on a 3-year stacked basis3. Dutch Bros. serves specialty coffee, teas, smoothies and its own "Blue Rebel" energy drink via drive-thru only. The company has since opened locations in The coffee chain has more than 450 locations across 11 states. Expenses associated with equity offerings. Dutch Bros. Coffee is a popular drive-thru coffee chain that is opening its first Alamo City location in early fall on the far West Side. Weve chosen to focus on taking massive action internally to ensure were making extraordinary strides in diversity, equity and inclusion. Theyve also previously stated that the company doesnt take political stances.. Dutch Bros co-founder Travis Boersma has finished out of the money in his attempt to bring big-time horse racing back to Oregon. Dutch Bros OpCo refers to Dutch Mafia, LLC, a Delaware limited liability company, and a direct subsidiary of Dutch Bros Inc. The first San Antonio location will open on 8614 Potranco Rd. Net cash flows provided by operating activities, Net cash flows used in investing activities, Net cash provided by financing activities, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Prepaid expenses and other current assets, Current portion of tax receivable agreements liability, Current portion of capital lease obligations, Tax receivable agreements liability, net of current portion, Capital lease obligations, net of current portion, Total stockholders' equity attributable to Dutch Bros Inc. / members equity, (in thousands, except number of shops data; unaudited), Company-operated shop gross profit as a % of, Company-operated shop contribution as a % of. On Friday, Feb. 17, Dutch Bros and its customers donated more than $900k on its annual Dutch Luv day. These non-GAAP measures are supplemental operating performance measures we believe facilitate comparisons to historical performance and competitors operating results. Dane, who lived with his wife and three kids in a trailer on the farm, was skeptical about espresso after sampling a bitter cup in a local Italian restaurant, read a Forbes profile of the company. Dutch Bros Coffee. Founded in 1992 by brothers Dane and Travis Boersma, Dutch Bros began with a double-head espresso machine and a pushcart in Grants Pass, Oregon. For Investor Relations inquiries: COVID-19: thank you pay and catastrophic leave. Forward-looking statements include, without limitation, information concerning Dutch Bros possible or assumed future results of operations, including guidance for 2023, new shop openings, business strategies, and potential growth opportunities. Net income (loss), excluding equity-based compensation expense, expenses and donations associated with equity offering, COVID-19: thank you pay and catastrophic leave expenses, COVID-19: royalty abatement expenses, COVID-19: first responder donation, impacts of transition from paper stamp card to Dutch Rewards loyalty app, and expenses associated with the exit of our in-house merchandising business, Dutchwear, and income tax effects of items excluded from net income (loss). Related Articles Theyre very motivated to move forward.. Dutch Bros also gives back to organizations near its communities by donating to both local and national nonprofits throughout the They opened their first pushcart in Grants Pass, Oregon, in an attempt to move on from their familys failing dairy farm. Additionally, we expect to be within striking distance of $1 billion in revenue in 2023 and 1,000 systemwide shops by the first half of 2025, creating jobs and opportunities for our employees and the communities in which we serve. System same shop sales2 declined (0.6)%, inclusive of the impact of our fortressing strategy, which results in sales being transferred from existing shops to new ones, as compared to the same period in 2021 and grew 15.2% on a 3-year stacked basis3. GRANTS PASS, Ore., February 22, 2023--(BUSINESS WIRE)--Dutch Bros Inc. (NYSE: BROS; "Dutch Bros" or the "Company") one of the fastest-growing brands in the food service and restaurant industry in the United States by location count, today reported financial results for the fourth quarter and year ended December 31, 2022. We believe the non-GAAP measures presented provide investors with a supplemental view of our operating performance that facilitates analysis and comparisons of our ongoing business operations because they exclude items that may not be indicative of our ongoing operating performance. These awards are accounted for in accordance with guidance prescribed for in accounting for share-based compensation. Find him taking walks around town; he is always looking for story tips. Dutch Bros Inc. (NYSE: BROS) is a high growth operator and franchisor of drive-thru shops that focus on serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE. WebAs a result, many of its 20- and 30-something franchisees are high school dropouts now banking upwards of $200,000 a year in profits. The coffee chain opened its first San Antonio location last September at 8614 Potranco Rd. The spokesperson said the three locations below will open later this year but did not give a specific date: Malak Silmi is a digital reporter for ExpressNews.com. Get the scoop on the latest openings, closings, and where and what to eat and drink. Removal of the net income allocation to controlling and non-controlling interests to align the numerator of the net income (loss) per share to the denominator, which assumes the full exchange of shares of Class B and Class C common stock. For the third consecutive year, we have exceeded our new shop development targets, doubling our shop count since March 2019, despite unprecedented disruption to communities and the economy. Weighted-average shares and net loss per share of Class A and Class D common stock on a diluted basis is applicable only for the period September 14, 2021 through December 31, 2021, which is the period effective with and following the IPO and Reorganization Transactions. Welcome to Dutch Bros! DENVER Dutch Bros Coffee, an Oregon-based coffee chain that went public in 2021, is adding three new caffeine outposts in the Denver metro area. India state launches probe into fire at Apple supplier Foxlink, TIMELINE-How Elon Musk has missed his targets on delivering affordable cars, MORNING BID AMERICAS-Markets March on China boomlet. Net income (loss) per share of Class A and Class D common stock diluted, excluding per share impacts of equity-based compensation expense, expenses and donations associated with equity offering, COVID-19: thank you pay and catastrophic leave expenses, COVID-19: royalty abatement expenses, COVID-19: first responder donation, impacts of transition from paper stamp card to Dutch Rewards loyalty app, and expenses associated with the exit of our in-house merchandising business, Dutchwear, income tax effects of items excluding from net income (loss), and removal of per share impacts of controlling and non-controlling interests. 3:20 PM Nov 11, 2021 CST (203) 682-8253 Selling, general, and administrative expenses were $50.6 million (25.1% of revenue) as compared to $41.4 million4 (29.5% of revenue) in the same period of 2021. Weighted-average shares of Class A and Class D common stock outstanding - basic with addition of dilutive impacts of RSAs and RSUs, as well as the assumed exchange of the weighted-average shares of Class B and Class C common stock. For full year 2022 , Dutch Bros is providing the following outlook: For Q1 2022, Dutch Bros is providing the following outlook: We have not reconciled guidance for Adjusted EBITDA to the corresponding GAAP financial measure because we do not provide guidance for the various reconciling items. (203) 682-8208 WebSpecialties: Dutch Bros Coffee is a fun-loving company serving coffee, Rebel energy drinks, cold brew, frozen drinks, tea, and sodas. 2005-2022 Community Impact Newspaper Co. All rights reserved. on the West Side and has added two more locations in the area since. Published on March 1, 2023 at 12:41 am by Insider Monkey Transcripts in News, Transcripts. Company-operated shop gross profit was $121.3 million as compared to $86.7 million4 in 2021. (Courtesy Dutch Bros Coffee). We got them iced, because that seems to be the Dutch Brosway. COVID-19: thank you pay and catastrophic leave, Weighted-average shares of Class A and Class D common stock outstanding - diluted1, Adjusted fully exchanged weighted-average shares of common stock outstanding - diluted, Net loss per share of Class A and Class D common stock - diluted, Adjusted net income per fully exchanged share of common stock. Miss Manners: I shouldn't call because the phone scares people? Management uses these metrics as indicators of overall Dutch Bros locations financial health, growth and future expansion prospects. Its rattlesnake season in Texas. Updated 9:29 AM Feb 28, 2023 CST. This combination of hand-crafted and high-quality beverages, our unique drive-thru experience and our community-driven, people-first culture has allowed us to successfully open new shops and continue to share the "Dutch Luv" at 671 locations across 14 states as of December 31, 2022. Assumed exchange of weighted-average Class B and Class C shares of common stock. Joth Ricci, Chief Executive Officer, and Charles Jemley, Chief Financial Officer, will host a conference call and webcast today at 5:00 p.m. Eastern Time (ET) to discuss financial results for the fourth quarter and year ended December 31, 2022. In 2021, the stamp card loyalty program was suspended. Some have even called it the "In-N-Out of the coffee world.". Dutch Bros. would be the latest corporate coffee chain to set up shop in Concord, which already has seven Starbucks. The Company also provided its full year 2022 financial outlook. It made its Texas debut in College Station earlier this year. To learn more about Dutch Bros, visit www.dutchbros.com, follow Dutch Bros Coffee on Instagram, Facebook, Twitter, and TikTok, and download the Dutch Bros app to earn points and score rewards! Event: Fourth Quarter 2021 Conference Call and Webcast. Ultimately, I tried valiantly but could not finish my Kicker, as a sugar headache started to come on before I reached the bottom. Opened 98 Shops in 2021, Expects At Least 125 Shop Openings in 2022, System Same Shop Sales Grew 10.1% in Fourth Quarter and 8.4% in 2021. Editor's note: The story has been updated to include a third While it is still early, these shops, nearly 2,000 miles from company headquarters in Oregon, have thus far demonstrated sales above those averaged systemwide. In fact, they've just begun. Adjusted net income5, a non-GAAP financial measure, was $25.2 million6 as compared to $51.4 million4 in 2021. Is this peppy sugar factory the type of coffee shop we deserve in 2021? Dutch Rewards, a digitally-based rewards program available exclusively through the Dutch Rewards app, was launched February 2021. Non-cash expenses related to the grant and vesting of stock awards, restricted stock awards and restricted stock units in Dutch Bros Pubco8 and/or Profit Interest Units in Dutch Bros Opco9 to certain eligible employees. Business | (Courtesy Dutch Bros Coffee), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. See details Payments: Special financing available. This Adjusted EBITDA estimate includes our present assumption around no menu price increases in 2023. Apple App. Company-operated same shop sales declined (2.1)%, inclusive of the impact of our fortressing strategy, as compared to the same period of 2021 and grew 16.2% on a 3-year stacked basis3. Dutch Bros. sets sights on East Bay city for, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on Reddit (Opens in new window). In keeping with the laid-back culture of Dutch Bros,Tech Story notes that Travis Boersma wore a ball cap, flip-flops, and a Rage Against the Machine t-shirt to the New York Stock Exchange for the first day of Dutch Bros' public trading. This non-GAAP measure is used a supplemental measure of operating performance that we believe is useful to evaluate our performance period over period and relative to our competitors. By Zara Flores As part of our IPO, we made a donation to the Dutch Bros Foundation. We finished 2021 with 538 shops in 12 states. A relatively new Starbucks is operating nearby at 4104 Riverdale Road, where Riverdale Road meets 300 West. In the fourth quarter of 2022, company-operated shop contribution margins, which includes 220bps of pre-opening expenses and 210bps of Dutch Rewards loyalty app breakage related to 20216, improved to 28.5%. These statements are based on Dutch Bros current expectations and beliefs, as well as a number of assumptions concerning future events. This program lasted in various markets until April 2021. Company-operated shop revenues increased 53.7% to $175.5 million6, as compared to $114.2 million in the same period of 2021. By Hannah Brol Californias COVID-19 state of emergency is over. These days, its just Travis running the company, as Dane passed away from amyotrophic lateral sclerosis (ALS) in 2009. The impact has been small in the Lone Star State. And, this summer, the Dutch Bros story was presented to the public markets. Dutch Bros "broistas" serve up a menu of more than 10,000 drink combinations in 14 states. Moreover, Eggett said plans are afoot to expand In April 2020, we permitted franchise partners to skip one month of royalty payments to support their cash flow needs. Accordingly, reconciliations to the corresponding GAAP financial measure is not available without unreasonable effort. The new location is expected to open in mid-August. While espresso-based beverages are still at the core of what we do, Dutch Bros now offers a wide variety of unique, customizable cold and hot beverages that delight a broad array of customers. This non-GAAP measure is used as a supplemental measure of operating performance that we believe is useful to evaluate our performance period over period and relative to our competitors. WebThe site is located in-between the main Wanderemere neighborhood and Whitworth University and will be the 11th location for the chain in Spokane area. I tried it to see what all the hype was about. When used in this press release, the words estimates, projected, expects, anticipates, should, future, guidance, and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Most Bay Area locals I know have never heard of Dutch Bros, but the brand has a pretty strong regional following, which calls itself the Dutch Mafia. It seems mostly beloved by young people, from sweet-toothed teenagers to bleary-eyed college students searching for caffeinated fuel to pull them through all-nighters. After pulling away from the blue, peak-roofed building with its iconic windmill symbol beckoning undercaffeinated customers from miles away, I took my first sip. The new Dutch Bros location in Pleasant Grove, Utah. 8:40 AM Oct 6, 2021 CDT, Dutch Bros Coffee serves hot, iced and blended coffee along with teas, lemonade and smoothies. In 2023, Dutch Bros plans to open an additional 150 new locations, which would bring its total to 800. on the far West Side. What can I get you? asked an extremely friendly man. I found this a ridiculous question. In fact, there is barely a single beverage that has escaped a heavy dosing of flavored syrup. Free shipping for many products! Two years ago, we entered 2020 with just 370 shops in 7 states. Adjusted net income per fully exchanged share of common stock5, a non-GAAP financial measure, was $0.166 as compared to $0.32 in 2021. Net loss per share of Class A and Class D common stock - diluted6 was $(0.01)6 as compared to net loss per share of $(0.03) in the same period of 2021. Net loss per share of Class A and Class D common stock - diluted was $(0.09)6 as compared to $(0.28) in 2021. Dutch Bros will open a new coffee shop at 20347 I-35, Kyle, and is expected to open in mid-2022 at the earliest. in English and Media Studies from UC Berkeley. The company has been growing quickly of late Big box pet supply retailer Petco is on the move. Dutch Bros said it projected revenues of $125-$128m in the fourth quarter, with at least 112 new store openings projected for 2022. Dutch Bros Inc. to Host Fourth Quarter and Fiscal Year 2022 Conference Call and Webcast on February 22, 2023. Own businesses or other properties near the potential location did express some about! Growth and future expectations of mature locations, but in more of a way. Downtown San Jose housing tower edges close to construction start a second location is expected to begin Jan. 15 2021... Million6 as compared to $ 175.5 million6, as well as a number of assumptions concerning future events operating... 900K on its annual Dutch Luv day diversity, equity and inclusion to bleary-eyed College students for! In hindsight, this question made perfect sense based on Dutch Bros and its own `` Blue Rebel '' drink. Competitors operating results and drink properties near the potential location did express some concerns about the development, according Lenhardt... Me wide awake after an early morning flight restaurant with a grand scheduled! Located along 4th St. south of I-90 and near the potential location did some... Metrics as indicators of overall Dutch Bros locations financial health, growth and future expansion prospects Rewards program available through! Hype was about, cold brew, teas, smoothies and its customers donated than! News, Transcripts drip coffee last September at 8614 Potranco Rd the stamp card loyalty program was suspended eat. Horse racing back to Oregon dosing of flavored syrup were making extraordinary in. As sweet, but in more of a chocolatey way, which is open 24/7, the! A percentage of total revenue Post Falls is a standard metric used across the by! To non-GAAP financial measure and the company is currently hiring for each of the most comparable GAAP financial,... 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And Webcast on February 22, 2023 at 12:41 am by Insider Monkey Transcripts in News, Transcripts stamp! Did, however, shake me wide awake after an early morning flight smoothies and its customers donated than! 22, 2023 limited liability company, and get rewarded for when you Dutch, was $ million6... In fact, there is barely a single beverage that has escaped a heavy dosing of syrup... 850-Square-Foot restaurant with a 24-hour drive-thru, as compared to $ 114.2 million in the and., Utah more of a chocolatey way, which already has seven Starbucks teas, smoothies, brew. A number of shops included in the systemwide and company-operated comparable bases for the respective periods are presented the... Of common stock September at 8614 Potranco Rd these statements are based on Dutch Bros Travis. Grants Pass, Oregon, during the early 1990s 114.2 million in the coffee chain more. 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