Business description: Dutch Bros Inc.

Dutch Bros Inc. is an operator and franchiser of drive-thru shops, which is focused on serving hand-crafted beverages. The Company sells a range of customizable hot, iced and blended beverages. Coffee-based beverages include handcraft espresso shots for both hot and cold custom classic and signature coffee beverages. It also sells proprietary coffee-based Freeze blended beverages and cold brew. Its Private Reserve coffee is a 100% Arabica three-bean blend, roasted by the Company in Grants Pass, Oregon or Melissa, Texas facilities. The Company has two segments: Company-operated shops, and Franchising and other. The Company-operated shops segment includes retail coffee shop sales to end consumers. The Franchising and other segment includes bean and product sales to franchise partners and includes the initial franchise fees, royalties, and marketing fees. It has approximately 1,101 shops, of which over 779 are operated by the Company and 322 are franchised, across 26 states.

Number of employees: 24,000

Sales by Activity: Dutch Bros Inc.

Fiscal Period: December 2021 (USD) 2022 (USD) 2023 (USD) 2024 (USD) 2025 (USD)

Company-Operated Shops

404M 640M 858M 1.17B 1.51B

Franchising and Other

94.13M 99.3M 108M 115M 129M

Geographical breakdown of sales: Dutch Bros Inc.

Fiscal Period: December 2021 (USD) 2022 (USD) 2023 (USD) 2024 (USD) 2025 (USD)

United States

498M 739M 966M 1.28B 1.64B

Executive Committee: Dutch Bros Inc.

Manager TitleAgeSince
Chief Executive Officer 52 31/12/2023
Director of Finance/CFO 47 17/12/2023
Chief Tech/Sci/R&D Officer - 15/12/2024
Corporate Officer/Principal 45 04/01/2026
Comptroller/Controller/Auditor 57 12/05/2025

Composition of the Board of Directors: Dutch Bros Inc.

Director TitleAgeSince
Chairman 55 31/01/2021
Director/Board Member 50 14/12/2021
Director/Board Member 51 21/08/2022
Director/Board Member 52 31/12/2023
Director/Board Member 54 02/11/2023
Director/Board Member 68 02/06/2024
Director/Board Member 59 23/06/2024
Director/Board Member 49 17/02/2025
Director/Board Member 58 28/02/2026

Shareholders: Dutch Bros Inc.

NameEquities%Valuation
Fidelity Management & Research Co. LLC
10.75 %
13,650,248 10.75 % 785 M $
BlackRock Advisors LLC
10.44 %
13,250,374 10.44 % 762 M $
Fidelity Management & Research Co. LLC
7.535 %
9,563,772 7.535 % 550 M $
T. Rowe Price International Ltd.
6.013 %
7,632,450 6.013 % 439 M $
Vanguard Capital Management LLC
4.483 %
5,690,101 4.483 % 327 M $
NameEquities%Valuation
TSG Consumer Partners LP
5.023 %
2,279,846 5.023 % 131 M $
NameEquities%Valuation
8.451 %
10,601,681 8.451 % 610 M $
TSG Consumer Partners LP
8.055 %
10,105,509 8.055 % 581 M $
NameEquities%Valuation
54.37 %
35,178,351 54.37 % 2 023 M $

Company details: Dutch Bros Inc.

Dutch Bros, Inc.

1930 West Rio Salado Parkway

85281, Tempe

+

http://www.dutchbros.com
address Dutch Bros Inc.(BROS)

Cafés

Change 5d. change 1-year change 3-years change Capi.($)
-0.72%-4.28%-24.03%+97.37% 7.62B
+0.15%-1.53%-6.13%+3.00% 768M
+0.93%-0.38%-2.80%+29.24% 675M
-1.22%-1.22%+22.73%+19.12% 396M
-3.22%-24.16% - - 136M
-5.00%-4.55%+10.40%-0.38% 85.19M
Average -1.50%-4.03%+0.03%+29.67% 1.61B
Weighted average by Cap. -0.62%-4.13%-18.84%+80.83%
Trader
Investor
Global
Quality
ESG MSCI
B
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
24
Last Close Price
55.52USD
Average target price
76.65USD
Spread / Average Target
+38.06%

Quarterly revenue - Rate of surprise

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