Should You Buy Dutch Bros Stock Before Earnings?
Dutch Bros (NYSE: BROS) launched its IPO last September amid a rapid expansion. The beverage company benefited from a successful introduction that closed at almost $37 per share on its first day of trading, 60% above its initial IPO price of $23 per share.
However, since peaking at more than $81 per share in November, the coffee stock erased all of its gains, and inflation has brought growth concerns. Given these challenges and the discounted stock price, should investors consider Dutch Bros before its Aug. 10 earnings report?
Consumers seem to have taken to the company's handcrafted beverages. While it started with espresso-based drinks, it also sells beverages such as teas, lemonades, smoothies, and sodas.
Source Fool.com
