Shares of drive-through coffee chain Dutch Bros Inc. (BROS) are rising more than 9% Monday morning after the company provided preliminary 2023 revenue outlook, better than estimates. Dutch Bros added that it plans to open 150 new shops this year.
For the full year, the company expects revenue in the range of $950 million to $1 billion. On average, 9 analysts polled by Thomson-Reuters expect the company to report revenue of $974.55 million.
"In 2023, we're targeting 150 new shops, which positions us to achieve our five-year goal of 800 systemwide shops by year-end. Additionally, we're within striking distance of $1 billion in revenue in 2023 and 1,000 systemwide shops by the first half of 2025, creating jobs and opportunities for our employees and the communities in which we serve," said Joth Ricci, Chief Executive Officer and President of Dutch Bros.
BROS, currently at $32.42, has traded in the range of $20.05-$66.00 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.