Dutch Bros Stock Jumps 35% After Coffee Chain Ups Forecast

Investopedia11-08

Key Takeaways Dutch Bros shares popped after the company posted earnings results that beat expectations.The coffee chain also raised its full-year revenue guidance, now even further above Wall Street'...

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Shares of Dutch Bros have gained nearly 50% in 2024.Dutch Bros  shares skyrocketed after the company’s third-quarter results beat expectations and featured an upwardly revised forecast.The coffee chain said it now expects 2024 revenue between $1.255 billion and $1.26 billion, up from its previous range of $1.215 billion to $1.23 billion. Wall Street is looking for about $1.14 billion, according to Visible Alpha's consensus estimate.Thursday’s share price surge, of more than 35%, represents a big swing from a quarter earlier, when the stock lost more than a fifth of its value despite beating expectations. Overall, shares are up nearly 50% in 2024.For the quarter, revenue jumped 28% year-over-year to $338 million and net income rose to $21.7 million or 11 cents per share from $4.2","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4209":"餐馆","BK4212":"包装食品与肉类","BROS":"Dutch Bros Inc.","JVA":"Coffee Holding Co","BK4585":"ETF&股票定投概念","BK4588":"碎股"},"translate_title":"咖啡连锁店上调预期后，荷兰兄弟股价上涨35%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BROS":1,"JVA":1},"content_text":"Key Takeaways\nDutch Bros shares popped after the company posted earnings results that beat expectations.The coffee chain also raised its full-year revenue guidance, now even further above Wall Street's consensus expectation. Shares of Dutch Bros have gained nearly 50% in 2024.\n Dutch Bros (BROS) shares skyrocketed after the company’s third-quarter results beat expectations and featured an upwardly revised forecast. \n\n\n The coffee chain said it now expects 2024 revenue between $1.255 billion and $1.26 billion, up from its previous range of $1.215 billion to $1.23 billion. Wall Street is looking for about $1.14 billion, according to Visible Alpha's consensus estimate.\n\n\n Thursday’s share price surge, of more than 35%, represents a big swing from a quarter earlier, when the stock lost more than a fifth of its value despite beating expectations. Overall, shares are up nearly 50% in 2024.\n\n\n For the quarter, revenue jumped 28% year-over-year to $338 million and net income rose to $21.7 million or 11 cents per share from $4.21 million or 7 cents per share a year earlier. Both figures beat the analyst consensus from Visible Alpha.\n\n\n Same-store sales rose 2.7% year-over-year and transactions increased 0.8%. \n\n\n The company said it opened 38 new stores, most of them company-owned, in the past quarter, bringing its count to 950.\n\nDo you have a news tip for Investopedia reporters? 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