Dutch Bros Results Presentation Deck

25.6% Q3 2022 Contribution Margin ¹ Company-Operated Shops Contribution Q3 2022 to Q3 2023 Company-Operated Shops Contribution Bridge (0.6)% Ingredient Costs (0.1)% Shop Opex 0.6% Labor Costs 4.1% Menu Prices 0.5% 9 Discounts 0.8% Pre-opening Costs 0.4% Leverage (Deleverage) (0.3)% Other, Net Contribution Margin is a non-GAAP measure, the definition and the GAAP to non-GAAP reconciliation are provided on slide 8. The company-operated shops gross margin was 20.0% for Q3 2022 and 24.1% for Q3 2023. 31.0% I Q3 2023 Contribution Margin ¹

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