Dutch Bros up on revenue beat, upbeat outlook

Dutch Bros

07/05/2024 22:09

** Shares of coffee chain Dutch Bros  BROS.N  up 9.5% at
$31.12 after hours 
    ** Reports Q1 revenue of $275 million, above analyst
estimates of $255.9 mln, per LSEG data
    ** Raises full-year revenue and adj. Ebitda forecast
    ** Expects 2024 revenue between $1.20 bln-$1.215 bln,
compared with earlier range of $1.190 bln-$1.205 bln, analysts
see revenue of $1.21 bln
    ** Sees 2024 adj. Ebitda of $195 mln-$205 mln, up from prior
outlook of $185 mln- $195 mln
    ** 8 of 13 brokerages rate the stock "buy" or higher, 5
"hold"; their median PT is $34.9- LSEG
    ** Stock has fallen 10.3% YTD

 (Reporting by Juby Babu in Mexico City)
 ((Juby.Babu@thomsonreuters.com;))