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Dutch Bros Q1 Adjusted Earnings, Revenue Rise

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-- Dutch Bros (BROS) reported Q1 adjusted earnings late Wednesday of $0.16 per diluted share, up from $0.14 a year earlier.

Analysts polled by FactSet expected $0.15.

Revenue in the three months ended March 31 rose to $464.4 million from $355.2 million a year earlier.

Analysts surveyed by FactSet expected $449.7 million.

The company raised its full-year revenue guidance to $2.05 billion to $2.08 billion from the prior forecast of $2 billion to $2.03 billion.

Analysts expect $2.05 billion.

Dutch Bros shares fell 1.8% in after-hours trading.

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