Dutch Bros Stock Jumps 35% After Coffee Chain Ups Forecast
fee (JVA) Investopedia·2024-11-08 01:16
Key TakeawaysDutch Bros shares popped after the company posted earnings results that beat expectations.The coffee chain also raised its full-year revenue guidance, now even further above Wall Street's consensus expectation. Shares of Dutch Bros have gained nearly 50% in 2024. Dutch Bros (BROS) shares skyrocketed after the company’s third-quarter results beat expectations and featured an upwardly revised forecast. The coffee chain said it now expects 2024 revenue between $1.255 billion and $1.26 billion, up ...