Dutch Bros Results Presentation Deck
2023 COMPANY-OPERATED SHOP MARGIN
(in milliions, except shop count and percentages)
Net company-operated shop AUV¹
Company-operated shop gross profit
Company-operated shop depreciation & amortization
Company-operated shop contribution
Company-operated shops
1
Total Company-
Operated Shops
Trailing Twelve Months Ended March 31, 2023
2 Includes all company-operated shops opened through December 31, 2018.
3 Includes all company-operated shops opened through December 31, 2021.
$1.88
19.6%
6.2%
25.7%
Company-Operated Shop Opening Periods
438
2018 and Prior²
$1.67
20.8%
3.1%
23.9%
104
2019 and After³
(O
$2.02
24.4%
5.7%
30.0%
172
For the Three Months Ended March 31, 2023
Total Company-
Operated Shops
$1.88
16.7%
7.5%
24.2%
Company-Operated Shop Opening Periods
438
2018 and Prior²
$1.67
17.9%
3.3%
21.2%
AUVS are determined based on the net sales for any trailing twelve-month period for company-operated shops that have been open a minimum of 15 months. AUVs are calculated by dividing the net sales by the total number
of systemwide and company-operated shops, respectively.
104
2019 and After³
$2.02
21.0%
6.2%
27.3%
172View entire presentation