Dutch Bros Results Presentation Deck
($ in thousands)
Total revenues
Selling, general, and administrative
As a percentage of total revenue
Adjustments
SG&A LEVERAGE
2
1
Equity-based compensation
COVID-19: prepaid costs not utilized
Milestone events
Executive transitions costs
Legal Proceedings
Total adjustments
Adjusted selling, general, and administrative
As a percentage of total revenue
Compared to the prior year
1 Selling, general, and administrative includes depreciation and amortization.
2
See appendix for explanations of each non-GAAP adjustment.
11
Q1
$152,156
$ 45,214 $ 42,342
29.7 %
(9,900)
(1,200)
(2,434)
Q2
$ 186,381
20.8 %
2022
22.7%
$ (13,534) $ (10,446)
$ 31,680
$ 31,896
Q3
$198,648
$ 45,378
22.8%
(10,446) (10,649)
Q4
$ 201,827
(10,662)
(1,105)
(691)
$ (10,649) $ (12,458)
$ 38,136
17.5 %
18.9%
$ 34,729
17.1 %
$ 50,594
25.1%
Q1
$ 197,267
$ 45,976
23.3%
(9,170)
2023
Q2
$ 249,879
$ 51,662
20.7 %
(10,149)
Q3
$264,507
$ 50,490
19.1%
(9,698)
(150)
(225)
(225)
(1,950)
$ (9,320) $ (12,324) $ (9,923)
$36,656 $ 39,338 $ 40,567
18.6 % 15.7 %
(2.2)%
(1.4)%
15.3%
(2.2)%View entire presentation