HighGravityData

Dutch Bros — Nov 1, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001866581-24-000304
Open on SEC.gov ↗
Showing in the filing
Adjusted EBITDA
“between $215 million and $220 million”
Period
FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 7
Total revenues for FY2024
“between $1.255 billion and $1.260 billion”
Capital expenditures for FY2024
“between $245 million to $265 million”
Same shop sales growth for FY2024
“approximately 4.25%”
Same shop sales growth for Q4 FY2024
“between 1% and 2%”
Adjusted SG&A for FY2024
“between $195 million and $200 million”
Adjusted EBITDA for FY2024
“between $215 million and $220 million”
Total system shop openings for FY2024
“150”
Exhibit 99.1 · the passage around this item
… earlier in the release
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. | Earnings Release | 2 Conference Call and Webcast Today Christine Barone, Chief Executive Officer and President, and Josh Guenser, Chief Financial Officer, will host a conference call and webcast today at 5:00 p.m. Eastern Time (ET) to discuss financial results for the third quarter ended September 30, 2024. Event : Third Quarter 2024
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.