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Why Dutch Bros Stock Surged Today

TheMotleyFool

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Shares of Dutch Bros (NYSE: BROS) popped 22% on Thursday after the drive-thru coffee chain boosted its full-year revenue forecast.

Dutch Bros' revenue soared 53% year over year to $198.6 million in the third quarter, fueled by new store openings and higher sales at existing locations.

Dutch Bros opened 38 coffee shops during the quarter and a total of 138 over the past year. The company ended September with 641 locations.

Source Fool.com

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