Dutch Bros follows Starbucks with early start to fall drink season

Dutch Bros (NYSE:BROS) launched its fall drinks lineup only a day after Starbucks (SBUX) launched its new and previous fall drinks at shops.

The chain mentioned its Caramel Pumpkin Brûlée drink returned. The Caramel Pumpkin Brûlée Breve, Cookie Butter Latte and Caramel Apple Insurgent are additionally now out there in any respect +900 Dutch Bros areas and had been famous to be excellent for all fall festivities.

“This trio embraces all of fall with traditional seasonal flavors like caramel, pumpkin, apple and cookie butter and every one is absolutely customizable for everybody to personal the season,’ famous Dutch Bros. Chief Advertising and marketing Officer Tana Davila.

Dutch Bros (BROS) plans to supply Caramel Pumpkin Brûlée Breve, Cookie Butter Latte and Caramel Apple Insurgent on the menu by means of October 31.

Shares of Dutch Bros (BROS) are down 16% because the firm’s Q2 earnings report was launched. For the quarter, Dutch Bros (BROS) noticed income bounce 30% year-over-year vs. +39% in Q1. In the meantime, the EPS mark of $0.19 topped the consensus estimate of $0.13. System similar store gross sales elevated 4.1% relative to the identical interval in 2023. The restaurant operator mentioned it continued with profitable new store openings and the cell order roll-out through the quarter. Dutch Bros (BROS) sees FY24 income of $1.215 billion to $1.230 billion (midpoint $1.225 billion). That vary was up from the prior outlook for $1.20 billion to $1.215 billion, however had a midpoint simply barely wanting the consensus estimate of $1.23 billion.