Dutch Bros, Inc. (BROS) Third Quarter 2024 Earnings Call Summary

On November 6, 2024, Dutch Bros, Inc. (NYSE:BROS) held its earnings conference call to discuss the performance for the third quarter of 2024. The call commenced at 5:00 PM ET and included key executives from the company.

Participants

The call featured several company participants, including Paddy Warren, who serves as the Senior Director of Investor Relations and Capital Markets. He was joined by Christine Barone, the President and CEO, and Josh Guenser, the CFO.

Operator Introduction

The operator welcomed all participants and informed them that the call would be recorded. Paddy Warren initiated the call, expressing gratitude to everyone for joining and reminding listeners that the earnings press release for the quarter ending September 30, 2024, was released after market hours that day. He added that the release and a supplemental information deck were available on the Investor Relations website.

Forward-Looking Statements

Warren highlighted that many statements made during the call, aside from historical facts, are forward-looking. These statements come with various risks and uncertainties that could cause actual results to differ from expectations. He reminded listeners to reference the cautionary statements in the earnings release and referred to the risk factors found in the latest SEC filings, including the company's most recent annual report on Form 10-K and quarterly report on Form 10-Q. He concluded the introduction by stating that Dutch Bros takes no responsibility to update any forward-looking statements.

Financial Measures

During the call, the team would reference non-GAAP financial measures. Warren clarified that non-GAAP measures do not conform to generally accepted accounting principles, and they aim to provide additional insights into the financial performance of the company.

Participants from various financial institutions, including UBS, Stifel, and Bank of America Merrill Lynch, joined the call to gather insights on the company's performance and future outlook.

Conclusion

The earnings call provided important updates on Dutch Bros, Inc.'s performance over the third quarter of 2024, focusing on key developments, future strategies, and financial health. Stakeholders are encouraged to follow the ongoing updates from the company to stay informed about its growth trajectory.

Dutch, Earnings, Performance