Dutch Bros, Black Rock Coffee fall as WSJ says McDonald’s to sell energy drinks

Shares of Dutch Bros (BROS) and Black Rock Coffee Bar (BRCB) were slipping in afternoon trading after the Wall Street Journal reported that McDonald’s (MCD) is planning to offer a Red Bull Dragonberry Energizer as part of a broader overhaul of its menu of cold drinks at its U.S. restaurants later this year. The new beverages, which are anticipated to be priced below those of rivals such as Dutch Bros and Black Rock Coffee, are expected to be sold starting in August of this year. Shares of Dutch Bros are down 2.8% in afternoon trading, while Black Rock Coffee Bar shares are 3% lower.