Dutch Bros Results Presentation Deck

18.3% Q1 2022 Contribution Margin Company-Operated Shops Contribution Q1 2022 to Q1 2023 Company-Operated Shops Contribution Bridge (2.0)% Ingredient Costs (0.3)% Cost Increases (0.5)% Shop Opex 1.8% Labor Costs 5.2% Menu Prices 2.7% 9 Pre-opening Costs (2.4)% Leverage (Deleverage) 0.9% 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 gross margin was 12.8% for Q1 2022 and 16.7% for Q1 2023. 24.2% Q1 2023 Contribution Margin ¹

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