Why Dutch Bros Stock Lost 22% in March
Dutch Bros (NYSE: BROS) stock dropped 22% in March according to data provided by S&P Global Market Intelligence. Investors might be concerned about how tariffs could affect the price of coffee beans, and on top of that, younger, riskier stocks are more prone to falling when the market is volatile.
Dutch Bros is a small but fast-growing chain of coffee shops headquartered on the West Coast but moving quickly throughout the country. It recently surpassed 1,000 stores and is live in 18 states.
Between new stores and same-store sales growth, revenue is increasing at double-digit rates. It was up 35% in the fourth quarter driven by new stores and same-store sales. It opened 32 new stores in the quarter and reported a 6.9% increase in same-store sales year over year.
Source Fool.com
