Dutch Bros' Strong Q1 Earnings Report Shows It Is Leagues Ahead Of Starbucks
Dutch Bros(BROS) Seeking Alpha·2024-05-08 11:39
AGCreativeLab/iStock via Getty ImagesInvestment Thesis Dutch Bros (NYSE:BROS) posted quarterly earnings and revenue for their first quarter of FY24 that beat market expectations amid strong growth in their U.S. same-shop sales, much faster than what the coffee chain had witnessed in the same quarter a year earlier. Given the miserable performance by Starbucks (SBUX), my expectations were aligned with the general market sentiment, projecting far slower same-shop sales for Dutch Bros. However, the Oregon- ...