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Benzinga

Business

Adam Eckert

EXPLAINED: Why dutch bros stock is getting crushed today - The Real Truth

Dutch Bros Dutch Bros Inc NYSE

Dutch Bros Inc (NYSE:BROS) shares are trading lower Thursday after the company reported worse-than-expected earnings results and issued guidance below analyst estimates.

Dutch Bros said first-quarter revenue increased 54% year-over-year to $152.2 million, which beat the $145.63-million estimate, according to data from Benzinga Pro. The company said the revenue growth was primarily driven by the opening of 107 company-operated shops over the last year.

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