Why Dutch Bros Stock Surged Today
Shares of Dutch Bros (NYSE: BROS) popped 22% on Thursday after the drive-thru coffee chain boosted its full-year revenue forecast.
Dutch Bros' revenue soared 53% year over year to $198.6 million in the third quarter, fueled by new store openings and higher sales at existing locations.
Dutch Bros opened 38 coffee shops during the quarter and a total of 138 over the past year. The company ended September with 641 locations.
Source Fool.com
