BROS - Dutch Bros' New Store Openings: Just the Start of the Company's Future Growth Opportunities?
2024-02-15 09:00:00 ET
Dutch Bros (NYSE: BROS) is a fast-growing coffee chain with around 830 locations in the United States. Management expects to add another 150 to 165 new stores this year.
Even with those additions, Dutch Bros is tiny compared to other major chains in the restaurant industry , but there's more here to consider than just location count.
There's no question Dutch Bros is focused on expanding its store footprint. The company ended 2023 with 831 total locations, up 24% for the year. This is going to be the primary driver of the company's growth for years to come.
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Dutch Bros' New Store Openings: Just the Start of the Company's Future Growth Opportunities?