Dutch Bros Results Presentation Deck
($ in thousands; except per share data)
Revenues:
INCOME STATEMENT
Company-operated stores
Franchising and other
Total revenues
Costs and expenses:
Cost of sales
Selling, general and administrative
Total costs and expenses
INCOME (LOSS) FROM OPERATIONS
OTHER EXPENSE
Interest expense, net
Other income (expense)
Total other expense
INCOME (LOSS) BEFORE INCOME TAXES
Income tax expense (benefit)
NET LOSS
Less: Net loss attributable to Dutch Bros OpCo prior to the Reorganization Transactions
Less: Net loss attributable to non-controlling interests
NET LOSS ATTRIBUTABLE TO DUTCH BROS INC.
Net loss per share of Class A and Class D common stock
Basic
Diluted
Weighted-average shares of class A and class D common stock outstanding:
Basic
Diluted
1
LA
LA
Three Months Ended December 31,
2022
2021 1
175,510 $
26,317
201,827 $
147,467
50,594
198,061
3,766 $
(6,922)
5,638
(1,284)
2,482 $
5,299
(2,817) $
(2,154)
(663) $
(0.01) $
(0.01) $
55,286
55,286
114,198 $
25,882
140,080 $
105,819
41,355
147,174
(7,094) $
(1,845)
(141)
(1,986)
(9,080) $
(912)
(8,168) $
(6,566)
(1,602) $
(0.03) $
(0.03) $
45,874
45,874
Year Ended December 31,
2022
2021 1
639,710 $
99,302
739,012 $
558,096
183,528
741,624
(2,612) $
(18,018)
3,976
(14,042)
(16,654) $
2,599
(19,253) $
(14,500)
(4,753) $
(0.09) $
(0.09) $
51,871
51,871
403,746
94,130
497,876
344,573
264,529
609,102
(111,226)
(7,093)
(1,240)
(8,333)
(119,559)
(1,628)
(117,931)
(67,374)
(37,878)
(12,679)
(0.28)
(0.28)
45,864
45,864
Refer to NOTE 2 - Basis of Presentation and Summary of Significant Accounting Policies on our Annual Report on Form 10-K and the consolidated statements of operations 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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