1301 ET - To-go coffee brand Dutch Bros up 5.8% after the chain outlined continued growth plans at an investor conference. The company has hit 1,000 shops, with 400 operators in the pipeline to open new ones. It is also implementing mobile ordering, a channel that has powered rival Starbucks's growth. The chain is also testing food. Margins are holding up in higher-labor cost environments like California, where Dutch Bros boosted prices to compensate, the company said. (heather.haddon@wsj.com; @heatherhaddon)
(END) Dow Jones Newswires
January 14, 2025 13:01 ET (18:01 GMT)
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