Dutch Bros Stock Plunges as Earnings Guidance Is Slashed

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Shares of Dutch Bros were plunging Thursday after the coffee chain lowered its forecast for adjusted Ebitda in 2022.

Dutch Bros (ticker: BROS) said it expects adjusted Ebitda, or earnings before interest, taxes, depreciation, and amortization, of at least $90 million, down from its previous forecast of $115 million to $120 million, “reflecting near-term margin pressure in our company-operated shops and our decision to take modest price increases during the year.”