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
Trailing Twelve Months Ended September 30, 2023
Total Company-
Operated Shops
$1.90
21.9%
6.9%
28.8%
Company-Operated Shop Opening Periods
510
2018 and Prior²
2 Includes all company-operated shops opened through December 31, 2018.
3 Includes all company-operated shops opened after December 31, 2018 through December 31, 2021.
$1.71
24.5%
2.8%
27.4%
104
2019-2021³
$2.04
25.9%
5.6%
31.5%
172
For the Three Months Ended September 30, 2023
Total Company-
Operated Shops
N/A
24.1%
6.9%
31.0%
Company-Operated Shop Opening Periods
510
2018 and Prior²
N/A
25.9%
3.0%
28.9%
104
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.
2019-2021³
N/A
28.3%
5.3%
33.5%
172View entire presentation