By Emon Reiser
Dutch Bros swung to a profit and boosted its top line in the fourth quarter as the quick-service beverage company added locations and grew its same-store sales.
The Grants Pass, Ore.-based drive-through coffee chain on Wednesday reported a profit of $3.6 million, or 3 cents a share, compared with a loss of $1.4 million, or 2 cents a share in the year-ago period. Analysts polled by FactSet expected 2 cents a share.
Revenue rose 35% year over year to $342.8 million, exceeding the $318.8 million Wall Street analysts expected. The company reported $254.1 million in sales for the year-ago period.
Shares rose 26% to $81.50 in after-hours trading. The stock had more than doubled over the past 12 months to $81.50 ahead of Wednesday's market close.
Chief Executive Christine Barone said the company benefited from transaction drivers including its loyalty program, paid media and innovation. The company opened 32 new shops, including 25 company-owned stores, across 11 states.
For fiscal 2025 Dutch Bros guided for revenue of $1.56 billion to $1.58 billion, ahead of analysts' estimate of $1.53 billion.
Write to Emon Reiser at emon.reiser@wsj.com
(END) Dow Jones Newswires
February 12, 2025 16:52 ET (21:52 GMT)
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