Dutch Bros Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
BROS$35.29-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands, except per share amounts; unaudited) | 2024 | 2023 |
| REVENUES | ||
| Company-operated shops | $248,085 | $173,164 |
| Franchising and other | 27,014 | 24,103 |
| Total revenues | 275,099 | 197,267 |
| COSTS AND EXPENSES | ||
| Cost of sales | 203,326 | 151,523 |
| Selling, general and administrative | 46,194 | 45,976 |
| Total costs and expenses | 249,520 | 197,499 |
| INCOME (LOSS) FROM OPERATIONS | 25,579 | (232) |
| OTHER EXPENSE | ||
| Interest expense, net | (6,393) | (7,886) |
| Other income, net | 5,801 | 1,307 |
| Total other expense | (592) | (6,579) |
| INCOME (LOSS) BEFORE INCOME TAXES | 24,987 | (6,811) |
| Income tax expense | 8,772 | 2,580 |
| NET INCOME (LOSS) | $16,215 | $(9,391) |
| Less: Net income (loss) attributable to non-controlling interests | 9,153 | (5,549) |
| NET INCOME (LOSS) ATTRIBUTABLE TO DUTCH BROS INC. | $7,062 | $(3,842) |
| Net income (loss) per share of Class A and Class D common stock: | ||
| Basic | $0.08 | $(0.07) |
| Diluted | $0.08 | $(0.07) |
| Weighted-average shares of Class A and Class D common stock outstanding: | ||
| Basic | 83,328 | 56,664 |
| Diluted | 83,410 | 56,664 |
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