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Dutch Bros Inc. (NYSE:BROS) stock hit a new 52-week high on Thursday after the company reported better-than-expected financial results and raised its full-year guidance above estimates. Here’s what you need to know.
The Details: Dutch Bros stock soared about 15% after the market closed on Wednesday following the release of the company’s third-quarter earnings, which included adjusted earnings per share of 16 cents, beating analyst estimates of 12 cents.
In addition, the company reported sales of $338.21 million, beating analyst estimates of $325.14 million. Dutch Bros’ top-line results were up about 28% year-over-year. The company also reported company-operated shop revenues of $308.3 million, representing a 30% year-over-year increase.
The company reported adjusted EBITDA of $63.8 million, compared to $53 million in the same period last year. Dutch Bros also reported adjusted ...
