Dutch Bros. Coffee

Dutch Bros Inc. Announces Launch of Secondary Public Offering of Class A Common Stock

Retrieved on: 
Tuesday, February 27, 2024

Dutch Bros Inc. (NYSE: BROS; “Dutch Bros” or the “Company”) today announced commencement of a registered underwritten public offering of its Class A common stock, par value $0.00001 per share (the “Common Stock”), by certain selling stockholders associated with TSG Consumer Partners, L.P. (the “Selling Stockholders”).

Key Points: 
  • Dutch Bros Inc. (NYSE: BROS; “Dutch Bros” or the “Company”) today announced commencement of a registered underwritten public offering of its Class A common stock, par value $0.00001 per share (the “Common Stock”), by certain selling stockholders associated with TSG Consumer Partners, L.P. (the “Selling Stockholders”).
  • The Selling Stockholders intend to offer 8,000,000 shares of Common Stock pursuant to a registration statement on Form S-3 filed with the Securities and Exchange Commission (the “SEC”).
  • Dutch Bros is not offering any shares of Common Stock in this offering and will not receive any proceeds from the sale of shares of Common Stock by the Selling Stockholders but will bear the costs associated with the sale of such shares, other than any underwriting discounts and commissions.
  • A shelf registration statement on Form S-3 relating to Dutch Bros’ securities, including the Common Stock, has been filed with the SEC and became effective upon such filing.

Dutch Bros Inc. Announces Pricing of Secondary Public Offering of Class A Common Stock

Retrieved on: 
Wednesday, February 28, 2024

Dutch Bros Inc. (NYSE: BROS; “Dutch Bros” or the “Company”) today announced pricing of the previously announced registered underwritten public offering by certain selling stockholders associated with TSG Consumer Partners, L.P. (the “Selling Stockholders”) of 8,000,000 shares of Dutch Bros’ Class A common stock, par value $0.00001 per share (the “Common Stock”) at a public offering price of $29.05 per share.

Key Points: 
  • Dutch Bros Inc. (NYSE: BROS; “Dutch Bros” or the “Company”) today announced pricing of the previously announced registered underwritten public offering by certain selling stockholders associated with TSG Consumer Partners, L.P. (the “Selling Stockholders”) of 8,000,000 shares of Dutch Bros’ Class A common stock, par value $0.00001 per share (the “Common Stock”) at a public offering price of $29.05 per share.
  • The offering is expected to close on or about March 1, 2024, subject to the satisfaction of customary closing conditions.
  • Dutch Bros is not offering any shares of Common Stock in this offering and will not receive any proceeds from the sale of shares of Common Stock by the Selling Stockholders but will bear the costs associated with the sale of such shares, other than any underwriting discounts and commissions.
  • A shelf registration statement on Form S-3 relating to Dutch Bros’ securities, including the Common Stock, has been filed with the SEC and became effective upon such filing.

Dutch Bros Releases Special Drinks to Celebrate St. Patrick's Day

Retrieved on: 
Friday, March 8, 2024

Have a heel clicking good time with Dutch Bros' new limited time St. Patrick's Day drinks, the Shamrock Kicker and Lucky Rebel!

Key Points: 
  • Have a heel clicking good time with Dutch Bros' new limited time St. Patrick's Day drinks, the Shamrock Kicker and Lucky Rebel!
  • Add some extra luck to your day and try the Shamrock Kicker and Lucky Rebel through March 17, or while supplies last.
  • Our two limited time drinks are an ideal way to celebrate the holiday," said Tana Davila, chief marketing officer at Dutch Bros.  "We know how much our customers enjoy new, fun toppings so adding dazzling gold sprinks was a no-brainer!"
  • Add some extra luck to your day and try the Shamrock Kicker and Lucky Rebel through March 17, or while supplies last.

Dutch Bros donates $900,000 to local food organizations

Retrieved on: 
Monday, February 26, 2024

GRANTS PASS, Ore., Feb. 26, 2024 /PRNewswire/ -- Dutch Bros Coffee donated $900,000 to local food organizations thanks to its annual Dutch Luv giveback.

Key Points: 
  • GRANTS PASS, Ore., Feb. 26, 2024 /PRNewswire/ -- Dutch Bros Coffee donated $900,000 to local food organizations thanks to its annual Dutch Luv giveback.
  • From Feb. 1-18, $1 from every Dutch Luv® Latte, Rebel or Frost sold was donated to help support local organizations' efforts to feed their communities.
  • This wouldn't be possible without the love and dedication of our crews, customers and nonprofit partners," said Tana Davila, chief marketing officer at Dutch Bros. "Sharing the Dutch Luv with our communities and ensuring everyone has the resources they need to live their best lives is key to the Dutch Bros culture.
  • This year's nonprofit partners included Houston Food Bank, Oregon Food Bank, Feeding America, Second Harvest Food Bank and more.

Dutch Bros Inc. to Host Fourth Quarter and Fiscal Year 2023 Conference Call and Webcast on February 21, 2024

Retrieved on: 
Wednesday, February 7, 2024

Dutch Bros Inc. (“Dutch Bros”) (NYSE: BROS), one of the fastest-growing brands in the quick service beverage industry in the United States by location count, today announced that Christine Barone, Chief Executive Officer and President; and Charley Jemley, Chief Financial Officer; will host a conference call and webcast to review financial results for the fourth quarter and fiscal year ended December 31, 2023 on Wednesday, February 21, 2024 at 4:30 PM Eastern Time (ET).

Key Points: 
  • Dutch Bros Inc. (“Dutch Bros”) (NYSE: BROS), one of the fastest-growing brands in the quick service beverage industry in the United States by location count, today announced that Christine Barone, Chief Executive Officer and President; and Charley Jemley, Chief Financial Officer; will host a conference call and webcast to review financial results for the fourth quarter and fiscal year ended December 31, 2023 on Wednesday, February 21, 2024 at 4:30 PM Eastern Time (ET).
  • Dutch Bros will report financial results for the fourth quarter and fiscal year 2023 after the market close that same day.

Dutch Bros launches new drinks for Dutch Luv giveback

Retrieved on: 
Thursday, February 1, 2024

From February 1 to February 18, Dutch Bros will donate $1 from any Dutch Luv® featured drink sold to local food organizations.

Key Points: 
  • From February 1 to February 18, Dutch Bros will donate $1 from any Dutch Luv® featured drink sold to local food organizations.
  • The Dutch Luv drink lineup includes the Dutch Luv Latte, Dutch Luv Rebel and Dutch Luv Frost.
  • Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9218052-dutch-bros-dutch-luv-giv...
    The Dutch Luv Latte features white coffee with frosted sugar cookie flavor topped with pink Soft Top.
  • The Dutch Luv Frost features a blended frosted sugar cookie shake topped with pink Soft Top.

TSG Consumer Partners Announces Promotions

Retrieved on: 
Thursday, January 11, 2024

Before joining TSG, Mr. Gilmore worked at Active Partners, where he invested in early stage growth companies across the consumer sector.

Key Points: 
  • Before joining TSG, Mr. Gilmore worked at Active Partners, where he invested in early stage growth companies across the consumer sector.
  • Prior to joining TSG, Mr. DiFelice was an investment banker at Financo, where he advised clients in consumer and retail.
  • Prior to joining TSG, Mr. Gwalani was a consultant at Boston Consulting Group, where he advised clients in the consumer and retail industries.
  • Prior to joining TSG, Mr. Pavlakos was a Business Analyst at McKinsey and Company, where he advised clients across the consumer, retail and private equity industries.

Layne's Chicken Fingers Welcomes Eric Reed to the Corporate Team as New Chief Development Officer

Retrieved on: 
Friday, January 12, 2024

FRISCO, Texas, Jan. 12, 2024 /PRNewswire-PRWeb/ -- Layne's Chicken Fingers, the Soon to be Famous™ chicken franchise with 13 restaurants open and another 113 sold, is following an incredible growth trajectory. Now, part-owner Eric Reed is joining the team as Chief Development Officer, bringing decades of real estate experience and a deep love for the brand, to support the system's ongoing growth.

Key Points: 
  • Now, part-owner Eric Reed is joining the team as Chief Development Officer, bringing decades of real estate experience and a deep love for the brand, to support the system's ongoing growth.
  • We were always looking for ways to make money during elementary school, and we've had our little entrepreneurial ventures," said Reed.
  • "As I support franchisees in their growth with Layne's, I'll be pulling from my previous development experience," explained Reed.
  • Reed will provide valuable support for franchisees during this development process, working with the team to make Layne's — and the Astro Chicken — well-known nationwide.

Dutch Bros Inc. Reports Third Quarter 2023 Financial Results and Announces Two New Directors

Retrieved on: 
Tuesday, November 7, 2023

Dutch Bros Inc. (NYSE: BROS; “Dutch Bros” or the “Company”), one of the fastest-growing brands in the food service and restaurant industry in the United States by location count, today reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Dutch Bros Inc. (NYSE: BROS; “Dutch Bros” or the “Company”), one of the fastest-growing brands in the food service and restaurant industry in the United States by location count, today reported financial results for the third quarter ended September 30, 2023.
  • Joth Ricci, Chief Executive Officer of Dutch Bros, stated, “By all accounts, Q3 was a fantastic quarter, and we are extremely pleased with our unit openings, same shop sales, revenue, and profitability results.
  • Dutch Bros is providing the following guidance for the year 2023:
    Our expectation for total system shop openings in 2023 remains unchanged.
  • We will also publish earnings presentation slides related to these financial results on our website https://investors.dutchbros.com under “Events & Presentations”.

'Tis the season to be stoked: Dutch Bros launches its 2023 holiday menu!

Retrieved on: 
Wednesday, November 1, 2023

This year, Dutch Bros' Holiday Trio includes the Hazelnut Truffle Mocha, the Merry Mischief Rebel and the Snow Cap Freeze.

Key Points: 
  • This year, Dutch Bros' Holiday Trio includes the Hazelnut Truffle Mocha, the Merry Mischief Rebel and the Snow Cap Freeze.
  • The Merry Mischief Rebel features strawberry and red raspberry flavors in Dutch Bros' exclusive energy drink, Rebel, topped with NEW Green Apple Soft Top.
  • The Snow Cap Freeze features cupcake flavor in a Dutch Freeze (Dutch Bros frozen coffee) finished with Soft Top and holiday sprinks.
  • A delicious mix of peppermint flavor and Dutch Bros' signature chocolate milk, topped with Soft Top and peppermint sprinks.