Dutch Bros ' (NYSE: BROS) business is growing rapidly, which is impressive given that it faces material competition in the coffee niche. If you are wondering where the chain will be in a year, the easy answer is bigger -- much bigger. But that's not enough; you need to look deeper if you are going to invest in this company. Here are the key stats you'll need to know about.
In 2019 Dutch Bros had 370 restaurants . A year later that figure was 441, despite the headwinds presented by the coronavirus pandemic in 2020. It was another year of rapid store growth in 2021, with the year-end tally at 538. And, in the just-completed 2022, the company finished off with a store count of 671. That's an impressive pace of expansion, with management highlighting that it has been opening 30 or more stores each quarter for a year and half.
Image source: Getty Images.
For further details see:
Where Will Dutch Bros Stock Be in 1 Year?