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Dutch Bros Inc ( (BROS) ) has issued an update.
Dutch Bros Inc. reported significant growth in its financial results for the fourth quarter and fiscal year 2024, achieving a 35% year-over-year revenue growth in the fourth quarter and a 32.6% increase for the year. The company attributes its impressive performance to successful strategic initiatives like innovation, paid media, and its loyalty program, which have driven transaction growth and positioned the brand well for future expansion. The company opened 151 new shops in 2024 and projects continued growth with plans to open at least 160 new locations in 2025.
More about Dutch Bros Inc
Dutch Bros Inc. is a high-growth operator and franchisor of drive-thru shops specializing in high-quality, hand-crafted beverages with a focus on speed and service. Founded in 1992 by Dane and Travis Boersma in Grants Pass, Oregon, the company has expanded to offer a variety of unique, customizable cold and hot beverages across 982 locations in 18 states as of December 31, 2024.
YTD Price Performance: 13.99%
Average Trading Volume: 2,337,785
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $10.27B
For an in-depth examination of BROS stock, go to TipRanks’ Stock Analysis page.
