Dutch Bros Inc. Class A Common Stock (NYSE: BROS)
On May 11, 2022, the Company disclosed dismal 1Q2022 financial results including a net loss of $16.3 million, compared to a net loss of $4.8 million for the first quarter of 2021 and an adjusted net loss of $2.5 million (a loss of $0.02 per share), which fell below analysts’ expectations, due to its failure to “perceive the speed and magnitude of cost escalation within the quarter,” among other things. On this news, shares of Dutch fell $9.26, or 26.9%, to close at $25.11 per share on May 12, 2022.