hapabapa/iStock Editorial through Getty Photographs
Dutch Bros Inc. (NYSE:BROS) offered a enterprise replace forward of the restaurant firm’s replace on the ICR Convention in Orlando, Florida on January 8-9.
On the event entrance, Dutch Bros. (BROS) reported that it opened 37 new retailers in the fourth quarter of 2023, of which 32 have been company-operated. The chain additionally opened 159 new retailers within the full yr 2023, of which 146 have been company-operated. As of December 31, the Dutch Bros system consisted of 831 retailers (542 company-operated and 289 franchised-operated) throughout 16 states.
As for steerage, Dutch Bros (BROS) stated whole system store openings are anticipated to be not less than 150 to 165 in 2024.
The Oregaon-based firm additionally stated it plans to welcome three new leaders within the coming months: Joshua Guenser as Incoming Chief Monetary Officer on or about February 19, 2024; Sumitro Ghosh as Incoming President of Operations on or about January 15, 2024; and Jess Elmquist as Chief Folks Officer on January 8, 2024. BROS expects that, following these management transitions, longtime Dutch Bros government Brian Maxwell, presently Chief Working Officer, will transition into the function of Vice Chairman, reporting to Co-founder and Govt Chairman, Travis Boersma, topic to his appointment by the board.
Shares of Dutch Bros. (BROS) rose 0.65% premarket on Monday.