Summary. Dutch Bros released its Q4 and FY2021 results last week, reporting record revenue of $140.1 million, up 56% year-over-year. BROS managed to beat its guidance for unit growth, opening 98 new stores in 2021, translating to 22% growth year-over-year despite COVID-19-related development/supply chain headwinds..
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How much debt does Dutch Bros have?
The company has $26.75 million in cash and $429.36 million in debt, giving a net cash position of -$402.60 million or -$2.46 per share.
What is going on with Dutch Bros?
The company’s stock is crashing in pre-market trading–down over 39%. After a stellar IPO last year that saw Dutch Bros stock surge as much as 70% shortly after debuting, the popular Oregon-based coffee chain is now seeing its stock get hammered in pre-market trading.
Who bought Dutch Bros?
TSG Consumer Partners, which acquired a minority stake in Dutch Bros in 2018, is the second largest shareholder, with a 31 percent stake worth nearly $1.9 billion, according to Forbes. Shares in BROS closed at $36.92 per share on its first day of trading. That was up 61 percent from the opening price of $23.
How much did Dutch Bros make last year?
Company-operated shop gross profit grew 18.0% to $22.8 million as compared to $19.3 million in the same period last year. Company-operated contribution1, excluding pre-opening and COVID costs grew 23.8% to $27.1 million as compared to $21.9 million in the same period last year.
Is Dutch Bros privately owned?
Dutch Bros Coffee is the country’s largest privately held drive-thru coffee company, with more than 300 locations and 9,000 employees in seven states. The company is headquartered in Grants Pass, Oregon, where it was founded in 1992 by Dane and Travis Boersma.
How many Dutch Bros franchises are there?
Dutch Bros. Coffee is a publicly held drive-through coffee chain in the United States.
| Type | Public |
|---|---|
| Number of locations | 538 in 12 states |
| Area served | Western United States |
| Products | Whole bean coffee beverages Made-to-order beverages Bottled beverages Merchandise Smoothies Energy drinks |
| Revenue | US$497.9 million (2021) |
What is Travis Boersma salary?
At that level Dutch Bros. had a valuation of $5.6 billion and made Travis Boersma, 50, a billionaire with a $2.3 billion net worth.
What state has the most Dutch Bros? Coffee locations are there in United States? There are a total of 446 dutchbros locations in United States as of April 20, 2021 The state with the most number of Dutch Bros. Coffee locations in the United States is Las Vegas with 12 locations, which is 5% of all dutchbros locations in United States.
Will Dutch Bros pay dividends?
DUTCH BROS (NYSE: BROS) does not pay a dividend.
Is Dutch Bros publicly traded?
Dutch Bros shares (BROS) are listed on the NYSE and all prices are listed in US Dollars.
How high will Dutch Bros stock go?
Dutch Bros Inc (NYSE:BROS)
The 9 analysts offering 12-month price forecasts for Dutch Bros Inc have a median target of 35.00, with a high estimate of 64.00 and a low estimate of 25.00. The median estimate represents a -13.07% decrease from the last price of 40.26.
What is Dutch Bros net worth?
Dutch Bros net worth as of June 10, 2022 is $1.55B. Dutch Bros Inc. is an operator and franchisor of drive-thru shops which focus on serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE.
Why is Dutch Bros so successful?
One of the key factors to Dutch Bro’s success is their no-compromise approach to their culture. The company is known for sticking true to their values despite common business sense. For example, in 1999, the brothers spent $1 million dollars to buy back the first store that they franchised to an external partner.
Who is the CEO of Dutch Bros? Joth Ricci President & Chief Executive Officer
Mr. Ricci is the President and CEO of Dutch Bros Coffee. Prior to joining Dutch Bros in January of 2019, he served as President and CEO of Adelsheim Vineyard, President of Stumptown Coffee Roasters, and CEO of Jones Soda Co.
Is Dutch Bros ethical? HONEST AND ETHICAL CONDUCT
Dutch Bros’ integrity and reputation depends on the honesty, fairness and integrity brought to the job by each person associated with us. Unyielding personal integrity and sound judgment is the foundation of corporate integrity.
Who is the CEO of Dutch Bros? Joth Ricci
Mr. Ricci is the President and CEO of Dutch Bros Coffee. Prior to joining Dutch Bros in January of 2019, he served as President and CEO of Adelsheim Vineyard, President of Stumptown Coffee Roasters, and CEO of Jones Soda Co.
Why is Dutch Bros stock down so much?
Shares of Dutch Bros were plunging Thursday after the coffee chain lowered its forecast for adjusted Ebitda in 2022.
Is Dutch Bros only in Arizona?
The brand is based in 11 states, spanning from the West Coast to Oklahoma and Texas. The chain’s biggest market is Oregon, followed by California, Arizona, and Washington.
How much does the CEO of Dutch Bros make?
Boersma blends in seamlessly with the young franchisees, and is often clad in casual beachwear and Dutch Bros. memorabilia. Despite his great success, he pays himself a salary comparable to that of his franchisees, at $350,000.
Is Dutch Bros owned by Starbucks?
Dutch Bros is headquartered in Grants Pass, Oregon. It is majority-owned by Travis Boersma, who holds the title of executive chairman, and Joth Ricci is its President and CEO. The company operates approximately 500 stores across 12 states and employs about 16,500 people.
How many Dutch Bros franchises are there?
Of its 422 stores, it’s split between 247 franchised and 175 company-owned. Despite many coffee chains turning cautious over the pandemic, Dutch Bros. Coffee opened 53 outlets in 2020, owning 42 of them and franchising 11. And it’s stepping up expansion in 2021.
Who is the CEO of Dutch brothers?
Joth Ricci President & Chief Executive Officer
Mr. Ricci is the President and CEO of Dutch Bros Coffee. Prior to joining Dutch Bros in January of 2019, he served as President and CEO of Adelsheim Vineyard, President of Stumptown Coffee Roasters, and CEO of Jones Soda Co.
What does Dutch Bros stand for?
Dutch Bros has been around since 1992, when it was founded by Dane and Travis Boersma, two brothers of Dutch ancestry, hence the name. Their family had a dairy farm, but was forced to downsize after three generations. The brothers bought an espresso machine, 100 pounds of bean and a pushcart.
Why is Dutch Bros stock falling? Shares of Dutch Bros were plunging Thursday after the coffee chain lowered its forecast for adjusted Ebitda in 2022.