Stock Market Sell-Off: Is Dutch Bros Stock a Buy?
Dutch Bros (NYSE: BROS) certainly isn't the safest business to bet on during a time of sticky inflation. Sure, coffee belongs in the consumer-goods category, but restaurant-served coffee is more of a luxury than a necessity (though some coffee addicts might disagree).
While less audacious coffee chains may respond to macroeconomic pressures by scaling back, Dutch Bros is defying recession fears by expanding its market presence. At the end of the day, one's stance on Dutch Bros stock is an expression of a long-term bullish or bearish outlook on not only the company but also the economy's recovery prospects.
Whether Dutch Bros' most recently reported quarterly results were a hit or miss depends on whom you ask. Starting with Dutch Bros' fourth-quarter 2022 revenue, the company generated $201.8 million, up 44.1% year over year and beating the analyst consensus estimate of $196.4 million. This top-line result is undeniably impressive, especially considering 2022's macroeconomic conditions compared to 2021.
Source Fool.com
