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Dutch Bros Revises FY24 Outlook From $1.19B-$1.205B To $1.20B-$1.215B Vs $1.2B Est.; Total System Shop Openings In 2024 Are Expected To Remain In The Range Of 150-165

Author: Benzinga Newsdesk | May 07, 2024 04:19pm

Revised 2024 Outlook

Total system shop openings in 2024 are expected to remain in the range of 150 to 165.
Total revenues are now projected to be between $1.20 billion and $1.215 billion up from the prior range of $1.190 billion and $1.205 billion.
Same shop sales growth is expected to remain in the low single digits.
Adjusted EBITDA3 is now estimated to be between $195 million and $205 million up from the prior range of $185 million to $195 million.
Capital Expenditures are estimated to remain between $280 million to $320 million.

Posted In: BROS