Dutch Bros Results Presentation Deck
($ in thousands)
Total revenues
SG&A LEVERAGE
Selling, general, and administrative
As a percentage of total revenue
Adjustments
2
1
Equity-based compensation
COVID-19: prepaid costs not utilized
Milestone events
Executive transitions costs
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
2022
(9,900)
(1,200)
(2,434)
Q4
Q2
Q3
$ 186,381 $ 198,648 $ 201,827
$ 45,214 $ 42,342
29.7 %
22.7%
$
45,378 $ 50,594
22.8 %
25.1 %
(10,446) (10,649)
(10,662)
(1,105)
(691)
$
$ (13,534) $ (10,446) $ (10,649) $ (12,458)
31,680 $ 31,896 $ 34,729 $ 38,136
20.8 %
17.1%
17.5%
18.9%
2023
Q1
$ 197,267
$ 45,976
23.3%
$
(9,170)
(150)
(9,320)
$36,656
18.6 %
(2.2)%View entire presentation