Dutch Bros: Q4 Earnings Snapshot
GRANTS PASS, Ore. (AP) _ Dutch Bros Inc. (BROS) on Tuesday reported a loss of $2.9 million in its fourth quarter.
On a per-share basis, the Grants Pass, Oregon-based company said it had a loss of 6 cents. Earnings, adjusted for one-time gains and costs, were 2 cents per share.
The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 2 cents per share.
The drive-thru coffee chain operator and franchisor posted revenue of $140.1 million in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $133.5 million.
For the year, the company reported a loss of $14 million, or 31 cents per share. Revenue was reported as $497.9 million.
Dutch Bros expects full-year revenue in the range of $700 million to $715 million.
Dutch Bros shares have fallen roughly 7% since the beginning of the year.