Dutch Bros Full Year 2023 Earnings: EPS Beats Expectations

In this article:

Dutch Bros (NYSE:BROS) Full Year 2023 Results

Key Financial Results

  • Revenue: US$965.8m (up 31% from FY 2022).

  • Net income: US$1.72m (up from US$4.75m loss in FY 2022).

  • Profit margin: 0.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.

  • EPS: US$0.028 (up from US$0.092 loss in FY 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Dutch Bros EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 195%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Dutch Bros is showing 1 warning sign in our investment analysis that you should know about...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Advertisement