Dutch Bros Inc

For the period ended Jun 30, 2024. Filed Aug 8, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 8, 2024

BROS$35.29-2.0%Stored close · as of Nov 10, 2026

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Condensed Consolidated Statements of Operations

	Three Months Ended June 30,		Six Months Ended June 30,
(in thousands, except per share amounts; unaudited)	2024	2023	2024	2023
REVENUES
Company-operated shops	$295,268	$220,952	$543,353	$394,116
Franchising and other	29,650	28,927	56,664	53,030
Total revenues	324,918	249,879	600,017	447,146
COSTS AND EXPENSES
Cost of sales	234,637	178,636	437,887	330,159
Selling, general and administrative	58,097	51,662	104,330	97,638
Total costs and expenses	292,734	230,298	542,217	427,797
INCOME FROM OPERATIONS	32,184	19,581	57,800	19,349
OTHER EXPENSE
Interest expense, net	(6,997)	(9,058)	(13,390)	(16,944)
Other income, net	829	1,039	6,593	2,346
Total other expense	(6,168)	(8,019)	(6,797)	(14,598)
INCOME BEFORE INCOME TAXES	26,016	11,562	51,003	4,751
Income tax expense	3,860	1,851	12,632	4,431
NET INCOME	$22,156	$9,711	$38,371	$320
Less: Net income attributable to non-controlling interests	10,216	6,959	19,369	1,410
NET INCOME (LOSS) ATTRIBUTABLE TO DUTCH BROS INC.	$11,940	$2,752	$19,002	$(1,090)
Net income (loss) per share of Class A and Class D common stock:
Basic	$0.12	$0.05	$0.21	$(0.02)
Diluted	$0.12	$0.05	$0.20	$(0.02)
Weighted-average shares of Class A and Class D common stock outstanding:
Basic	101,965	56,734	92,647	56,699
Diluted	102,356	57,428	93,049	56,699

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