Dutch Bros. Coffee

Financing

Dutch Bros sales and profits took off last quarter

Same-store sales increased 10% in the company’s first quarter as boba, protein coffee and more awareness drove traffic to its shops.

Financing

Rapidly expanding Dutch Bros is opening another support center in Arizona

The drive-thru coffee chain opened more shops in its history last year as sales accelerated. And it is also opening shops in Florida.

The Bottom Line: Starbucks and now Dutch Bros are giving some key executives barista training and having them work in the field. That should become standard.

The drive-thru beverage chain named a trio of new executive hires under new CEO Christine Barone. It plans continued aggressive growth but is tweaking that strategy to be more thoughtful.

The drive-thru beverage chain’s shop profit margins soared last quarter, to 31%, thanks to a combination of price hikes and efficiency. It will help with California wages set to increase next year.

Joth Ricci will step down at the end of the year following a transition period. The move comes just months after Barone was brought in as the drive-thru beverage chain’s president.

As its sales lag competitors, the growing drive-thru beverage chain is working to build sales, and traffic, behind new Company President Christine Barone.

The drive-thru coffee chain, which raised prices 11% in 2022, said it plans to hold the line in 2023, particularly after it made changes to its loyalty program.

The drive-thru beverage chain is taking a page out of Domino’s playbook and building more locations to ease capacity restraints. But Wall Street is not entirely convinced.

The former CEO of True Food Kitchen and ex-Starbucks executive will take over company operations as it targets 4,000 locations.

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