Why Dutch Bros Stock Is Soaring Today
Dutch Bros(BROS) The Motley Fool·2024-05-09 02:18
Investors rightfully feel fully caffeinated after the company's stellar earnings.Shares of quick-service coffee and beverage company Dutch Bros (BROS 11.07%) exceeded analysts' estimates for its first-quarter results. As of 1:20 p.m. ET on Wednesday, Dutch Bros stock was up 11%.Dutch Bros: Blending high growth with net profitsEntirely in high growth mode, Dutch Bros delivered a 39% sales increase in Q1, powered by the fact that its store count grew by 22% over the same time frame. However, these new stores ...