- Dutch Bros released its Q4 and FY2021 results last week, reporting record revenue of $140.1 million, up 56% year-over-year.
- BROS managed to beat its guidance for unit growth, opening 98 new stores in 2021, translating to 22% growth year-over-year despite COVID-19-related development/supply chain headwinds.
- Based on Dutch Bros' FY2022 outlook, we should see a slight acceleration in unit growth (23% vs. 22%) and significant growth in adjusted EBITDA.
- Given that Dutch Bros is arguably the most exciting story in the restaurant space given its brand loyalty, industry-leading growth rates, and impressive unit economics, I see BROS stock as a solid buy-the-dip candidate.
For further details see:
Dutch Bros: A Solid Buy-The-Dip Candidate