17 September 2022
By : Quick Insurance Guru
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Credit : Unsplash
Credit : Unsplash
Credit : Unsplash
It sees an opportunity for 4,000 stores in the next 10 to 15 years, giving it a huge growth runway.
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Dutch Bros went public just a year ago, and after an initial jump, the stock has been on a downward slide -- 31% lower in 2022 alone.
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But over the next 20 years, Dutch Bros stock should reward patient investors.
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It was a big winner at the beginning of the pandemic when people were quarantined and taking care of home improvement projects.
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Sales increased 6.5% in the 2022 second quarter to $43.8 billion, and earnings per share (EPS) rose from $4.53 to $5.05, beating analysts' estimates of $4.95.
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Athleisure has been a growing phenomenon in the apparel industry, and Lululemon has led the charge for it to become a dominant, everyday trend.
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In the second quarter (ended July 31), sales increased 29% year over year to $1.9 billion, and EPS increased from $1.59 to $2.26.
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