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Compared to Estimates, Dutch Bros (BROS) Q1 Earnings: A Look at Key Metrics

Zacks Equity Research
·2 min read

For the quarter ended March 2023, Dutch Bros (BROS) reported revenue of $197.27 million, up 29.6% over the same period last year. EPS came in at $0.00, compared to -$0.02 in the year-ago quarter.

The reported revenue represents a surprise of -5.25% over the Zacks Consensus Estimate of $208.2 million. With the consensus EPS estimate being -$0.01, the EPS surprise was +100.00%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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Here is how Dutch Bros performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total shop count: 716 versus 704.6 estimated by five analysts on average.

  • Number of shops - Franchised: 278 versus 278.75 estimated by four analysts on average.

  • Same shop sales growth - Company-Owned: -3.5% versus 0.2% estimated by four analysts on average.

  • Number of shops - Company-operated: 438 versus 425.5 estimated by four analysts on average.

  • Same shop sales growth: -2% compared to the 0.98% average estimate based on four analysts.

  • Revenues- Franchising and other: $24.10 million versus the five-analyst average estimate of $25.25 million. The reported number represents a year-over-year change of +9.7%.

  • Revenues- Company-operated shops: $173.16 million versus the five-analyst average estimate of $182.95 million. The reported number represents a year-over-year change of +33%.

View all Key Company Metrics for Dutch Bros here>>>

Shares of Dutch Bros have returned -0.9% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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Zacks Investment Research