Here's Why Dutch Bros Stock Jumped 31% in the First Half of 2024
Dutch Bros(BROS) The Motley Fool·2024-07-12 03:02
The business is well-positioned for the long haul.Shares of drive-thru coffee chain Dutch Bros (BROS 0.66%) jumped 30.7% in the first half of 2024, according to data provided by S&P Global Market Intelligence. The stock was underperforming the S&P 500 for the year until it reported financial results for the first quarter of 2024. That's when it finally picked up steam and pulled ahead of the market in the first half of the year.On May 7, Dutch Bros reported Q1 revenue of $275 million, which was up a whoppin ...