Dutch Bros Results Presentation Deck
($ in millions; except Shop Count)
Company-Operated Shop Count
Total Shop Count
Company-Operated Shop Revenue
Total Revenue
Company-operated Shop Gross Margin
Company-operated Shop Depreciation & Amortization
1
SUMMARY QUARTERLY DATA
2
Company-Operated Shop Contribution ²
Adjusted EBITDA
Net Income (loss)
2
($ in millions)
Company-operated Shop Gross Margin
Company-Operated Shop Contribution
Adjusted EBITDA
Net Income
$
$
$
$
$
$
2
Q1
$
$
$
191
453
77.9 $
98.8 $
17.6 $
3.3 $
20.8 $
18.7 $
(4.8) $
Q1
Q2
0.4 $
0.4 $
0.8 $
0.8 $
2021 1
207
471
103.0 $
129.2 $
29.5 $
3.5 $
32.9 $
30.7 $
11.9 $
Q2
Q3
The Company identified an immaterial error related to the accrual of employee sick leave and the application of ASC 710, Compensation - General, which resulted in corrections to prior period reported amounts within the summary quarterly data for the
three months ended March 31, June 30, September 30, and December 31, 2021 with adjustments to impacted line items presented below. For additional details, refer to NOTE 2 - Basis of Presentation and Summary of Significant Accounting Policies
and NOTE 18-Segment Reporting on our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.
2021 ¹
0.4 $
0.4 $
0.4 $
0.4 $
241
503
108.7 $
129.8 $
23.1 $
4.3 $
27.4 $
21.0 $
(116.8) $
Q3
Q4
0.3 $
0.3 $
0.3 $
0.3 $
271
538
114.2 $
140.1 $
16.6 $
5.3 $
21.8 $
13.8 $
(8.2) $
Q4
Represents company-operated shop gross profit plus depreciation, see Company-operated Shop Results on slide 16 for reconciliation to the most directly comparable financial measure stated in accordance with GAAP
17
Q1
0.4
0.4
0.5
0.5
2022
310
572
130.2 $
152.2 $
16.6 $
7.1 $
23.8 $
9.7 $
(16.3) $
Q2
336
603
160.5
186.4
31.2
8.3
39.5
23.9
(1.8)View entire presentation