Dutch Bros Inc (NYSE:BROS) shares are trading lower Thursday after the company reported worse-than-expected earnings results and issued guidance below analyst estimates.
Dutch Bros said first-quarter revenue increased 54% year-over-year to $152.2 million, which beat the $145.63-million estimate, according to data from Benzinga Pro. The company said the revenue growth was primarily driven by the opening of 107 company-operated shops over the last year.
