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AI brief of an SEC Form 8-K · Dutch Bros (BROS)

Dutch Bros Q3 revenue rises 28% to $338.2 million; company raises 2024 revenue guidance

Positive Impact 4 of 5 earnings Written later

Dutch Bros reported third-quarter 2024 revenue of $338.2 million, up 27.9% from a year earlier, and net income of $21.7 million, up from $13.4 million. The company raised its 2024 revenue and adjusted EBITDA guidance, but company-operated shop gross margin fell 190 basis points to 22.2%. The filing also amended CEO Christine Barone's severance terms and set a new pay structure for Executive Chairman Travis Boersma.

Key points

  • Q3 2024 total revenues were $338.2 million, up 27.9% from $264.5 million; diluted EPS was $0.11 versus $0.07.
  • 2024 total revenue guidance was raised to $1.255 billion to $1.260 billion, from $1.215 billion to $1.230 billion.
  • 2024 adjusted EBITDA guidance was raised to $215 million to $220 million, from $200 million to $210 million.
  • Effective January 1, 2025, Boersma's target annual cash bonus is 10% of base salary, with a maximum of 20%; his base salary stays at $1,500,000.

The filing

CompanyDutch Bros (BROS)
Form8-K, current report
Filed with the SECNov 6, 2024, 4:15 PM ET
Accession number0001866581-24-000304

Items reported: 2.02 Results of Operations5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.