Why Dutch Bros Stock Took a Tumble This Week
BROSDutch Bros(BROS) The Motley Fool·2024-08-09 19:47

The company is slowing down its unit growth.Shares of Dutch Bros (BROS -19.84%) slumped 20% this week, according to data from S&P Global Market Intelligence. The upstart coffee stand chain that is undergoing rapid expansion across the country posted strong revenue growth but guided for a slowdown in future coffee shop openings in its second-quarter earnings report. As of the close on Aug. 8, 2024, the stock was down 19.2% since Friday's close.Here's why Dutch Bros stock slipped again this week.Solid sales g ...