From Nasdaq:

Dutch Bros is facing a tough bear market, with stock 68% below its all-time high. However, the coffee chain is continuing expansion and revenue growth, with shop count up 24% in the past year.

Financials show same-store sales up by 4%, and net income increased from a $16 million loss in the prior-year period to $14 million in the first nine months of 2023. Revenue rose 32% year over year to $712 million. The company forecasts $950-1 billion in revenue for 2023, an increase of 32% at the midpoint.

Even as Dutch Bros has lost stock value, there is room for investor profits given its current position. The transition to profitability and low price-to-sales ratio make the stock attractive despite a highly competitive coffee market.



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