Dutch Bros — Nov 1, 2024 release

• Total system shop openings in 2024 are now expected to be 150, consistent with the previously communicated outlook at the lower end of 150 to 165. Capital expenditures are estimated to be between $245 million to $265 million, down from the prior range of $270 million to $290 million. • Same shop sales 1 growth for 2024 is expected to be approximately 4.25%, from low single digits previously. Same shop sales 1 growth for the fourth quarter of 2024 is expected to be between 1% and 2%. • Adjusted SG&A 3 is estimated to be between $195 million and $200 million, from $190 million to $200 million previously. • Adjusted EBITDA 3 is now estimated to be between $215 million and $220 million, up from the prior range of $200 million to $210 million. _________________ 1     Same shop sales is defined in the section “Select Financial Metrics”. 2     Reconciliation of GAAP to non-GAAP results is provided in the section “Non-GAAP Financial Measures”. 3     We have not reconciled guidance for Adjusted EBITDA or Adjusted SG&A to the corresponding GAAP financial measure because we do not provide guidance for the various reconciling items. We are unable to provide guidance for these reconciling items because we cannot determine their probable significance, as certain items are outside of our control and cannot be reasonably predicted due to the fact that these items could vary significantly from period to period. Accordingly, reconciliation to the corresponding GAAP financial measure is not available without unreasonable effort. Dutch Bros Inc. | Earn