NYSE$BROS
Dutch Bros Inc. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Dutch Bros' Q3 2021 financial results were released, revealing revenue growth and the opening of new shops.
Dutch Bros Inc. reported strong third-quarter results, surpassing 500 operating shops and achieving a 49.8% increase in total revenues to $129.8 million. The company's focus remains on expanding its footprint and enhancing customer experiences.
- Surpassed 500 operating shops with the opening in Hutto, Texas.
- Opened 33 new shops, with 30 being company-operated.
- Total revenues increased by 49.8% to $129.8 million compared to the same period last year.
- System same shop sales grew by 7.3%.
Headline financials
Revenue & EPS history
Dutch Bros · Revenue · Quarterly
$130M
Revenue by segment
Dutch Bros · $130M total across 2 segments · Q3 2021
- Company-operated shops$109M+62.9%83.7%
- Franchising and other$21.1M+5.9%16.3%
Forward guidance
For the fourth quarter, the company expects total system shop openings to be at least 30, total revenue to be in the range of $125.0 million - $128.0 million, same shop sales are estimated in the mid single-digits, and Adjusted EBITDA is projected to be in the range of $12.5 million - $13.5 million. For the year 2022, total system shop openings are expected to be at least 112.
Tailwinds
- Total system shop openings are expected to be at least 30.
- Total revenue is projected to be in the range of $125.0 million - $128.0 million.
- Same shop sales are estimated in the mid single-digits.
- Adjusted EBITDA is projected to be in the range of $12.5 million - $13.5 million.
- Total system shop openings are expected to be at least 112 in 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q3 2021
+1.6%
Avg return
Earnings day
+3.5%
Avg return
5 days after
+3.0%
Avg return
30 days after
61%
11 / 18 earnings
Positive
+33.1%
Q3 2024
Best reaction
-38.5%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -9.2% | -14.2% | -6.0% | |
| Q4 2025 | +4.7% | +5.1% | -6.9% | |
| Q3 2025 | -4.2% | +0.8% | +5.2% | |
| Q1 2025 | +8.9% | +18.6% | +23.4% | |
| Q4 2024 | +29.1% | +31.9% | -3.4% | |
| Q3 2024 | +33.1% | +44.0% | +64.0% | |
| Q2 2024 | -19.9% | -22.8% | -15.6% | |
| Q1 2024 | +12.1% | +27.1% | +36.2% | |
| Q4 2023 | +1.0% | +6.2% | +23.7% | |
| Q3 2023 | +1.1% | +3.5% | +3.6% | |
| Q2 2023 | +18.2% | +19.4% | -4.0% | |
| Q1 2023 | -11.5% | -19.4% | -6.3% | |
| Q4 2022 | -8.9% | -12.1% | -23.3% | |
| Q3 2022 | +10.7% | +2.3% | +0.2% | |
| Q2 2022 | +8.9% | +10.9% | -12.9% | |
| Q1 2022 | -38.5% | -37.5% | -15.7% | |
| Q4 2021 | -8.3% | +2.4% | +14.6% | |
| Q3 2021 | +2.2% | -3.1% | -22.1% | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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