Dutch Bros Results Presentation Deck
INCOME STATEMENT - SEGMENTS
($ in thousands)
Revenues:
Company-operated shops
Franchising and other
Total revenues
Cost of Sales:
Company-operated shops
Franchising and other
Total cost of sales
Segment gross profit:
Company-operated shops
Franchising and other
Total gross profit
Depreciation and amortization:
Company-operated shops
Franchising and other
All other
Total depreciation and amortization
Segment contribution:
Company-operated shops
Franchising and other
Total segment contribution
Selling, general and administrative
Interest expense, net
Other expense, net
INCOME (LOSS) BEFORE INCOME TAXES
Three Months Ended December 31,
2022
2021 1
175,510
26,317
201,827 $
136,760
10,707
147,467
38,750
15,610
54,360 $
11,235
1,366
596
13,197
49,985
16,976
66,961 $
(50,594)
(6,922)
5,638
2,482 $
114,198
25,882
140,080 $
97,638
8,181
105,819
16,560
17,701
34,261
5,253
1,535
702
7,490
$
21,813
19,236
41,049 $
(41,355)
(1,845)
(141)
(9,080) $
Year Ended December 31,
2022
2021 1
639,710
99,302
739,012 $
518,383
39,713
558,096
121,327
59,589
180,916 $
36,306
5,706
2,716
44,728
157,633
65,295
222,928 $
(183,528)
(18,018)
3,976
(16,654) $
403,746
94,130
497,876
317,045
27,528
344,573
86,701
66,602
153,303
16,291
6,263
2,663
25,217
102,992
72,865
175,857
(264,529)
(7,093)
(1,240)
(119,559)
¹ Refer to NOTE 2 - Basis of Presentation and Summary of Significant Accounting Policies and NOTE 20- Segment Reporting on our Annual Report on Form 10-K and segment financials section on our fourth quarter 2022 earnings press release for the
three months and year ended December 31, 2022 regarding our revised historical results related to an immaterial error correction for employee sick leave accrual.
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