Dutch Bros Inc (BROS) has released an update.
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Dutch Bros Inc. is set to expand its operations in Phoenix, Arizona, transitioning 40% of its support operations staff from Oregon by 2025. Employees are being informed about relocation and transition assistance, with the company expecting to spend $24 million to $31 million on related costs, in addition to $6 million to $10 million in capital expenditures for the office expansion. These charges, mainly cash expenditures to occur over 2024 and 2025, will be excluded from the company’s non-GAAP financial measure of Adjusted EBITDA. The move is subject to future uncertainties and the company cautions that actual results may differ from current expectations.
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