New Zealand markets open in 40 minutes
  • NZX 50

    11,018.62
    +20.70 (+0.19%)
     
  • NZD/USD

    0.6241
    -0.0063 (-0.99%)
     
  • ALL ORDS

    6,953.40
    +59.80 (+0.87%)
     
  • OIL

    111.84
    +2.27 (+2.07%)
     
  • GOLD

    1,821.40
    -3.40 (-0.19%)
     

Inflation Proves a Challenge for Dutch Bros

·4-min read
Inflation Proves a Challenge for Dutch Bros

The rising cost of milk curdled coffee shop Dutch Bros' (NYSE: BROS) first-quarter earnings report, causing the market to pour out its stock like day-old joe. While first-quarter sales and profits beat Wall Street expectations, the ravages of inflation hit harder than expected, leading Dutch Bros to lower its outlook for adjusted earnings and same-store sales for the year. The fast-growing coffee shop is still in expansion mode, boosting the number of new locations it will open this year by five to 130, most of which will be company-owned stores.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting