Dutch Bros Inc.(NYSE:BROS) shares are trading higher Wednesday after the company posted better-than-expected first-quarter financial results and raised its full-year revenue guidance.
The Details:
Dutch Bros reported quarterly earnings of 9 cents per share which beat the analyst consensus estimate of 2 cents by 350%.
Quarterly sales clocked in at $275.1 million, beating the analyst consensus estimate of $254.5 million by 8.09% and representing a 39.46% increase over sales of $197.27 million from the same period last year.
The company delivered 10% same shop sales growth and tied its record for new shop openings. Company-operated shop revenues increased 43.3% to $248.1 million, as compared...
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