CompetitionBear questions focus on competition, as some direct peers continue to grow fast and other brands are leaning into beverages, potentially impacting Dutch Bros.
Investor ConcernsShares are still down ~20% since the end of Aug, reflecting investor concerns around industry pressures and slowing trends.
Margin PressuresStore margins were lighter due to coffee costs, rent, and labor pressures, which might impact near-term profitability.