Dutch Bros Stock Tumbles on 'Underwhelming' Growth Projection
BROSDutch Bros(BROS) Investopedia·2024-08-08 23:41

Key TakeawaysShares of Dutch Bros lost more than a fifth of their value in intraday trading Thursday, a day after the coffee chain projected low-single-digit 2024 same-store sales growth.The coffee chain's second-quarter results beat analysts' estimates, but its same-store sales outlook was deemed "underwhelming" by Wedbush analysts.Analysts said Dutch Bros could see sales decrease in the second half of the year. Shares of Dutch Bros (BROS) lost more than a fifth of their value in intraday trading Thursday, ...