OLO - Dutch Bros Stock Climbs After Blockbuster Q1 Results | Benzinga
Dutch Bros Inc. (NYSE:BROS) shares are trading higher Wednesday after the company posted better-than-expected first-quarter financial results and raised its full-year revenue guidance.
The Details:
Dutch Bros reported quarterly earnings of 9 cents per share which beat the analyst consensus estimate of 2 cents by 350%.
Quarterly sales clocked in at $275.1 million, beating the analyst consensus estimate of $254.5 million by 8.09% and representing a 39.46% increase over sales of $197.27 million from the same period last year.
The company delivered 10% same shop sales growth and tied its record for new shop openings. Company-operated shop revenues increased 43.3% to $248.1 million, as compared to $173.2 million in the same period of 2023.
Dutch Bros also announced it has selected Olo, Inc. (NYSE:OLO) to enable ordering and payment through its mobile app for the first time across all of its locations nationwide.
“We are pleased with our performance in the first quarter – we delivered exceptional results and witnessed the momentum we saw leaving ...