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Dutch Bros sees FY25 revenue $1.61B-$1.615B, consensus $1.60B

Sees FY25: Same shop sales growth is now expected to be approximately 5%. Adjusted EBITDA3 remains in the range of $285 million and $290 million, which assumes the impact of approximately 110 basis points of Adjusted SG&A leverage year-over-year. Capital expenditures remain in the range of $240 million and $260 million. Total system shop openings in 2025 are targeted to be 160.

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