Why Dutch Bros Stock Had a Sensational 2024 With a 65% Gain

Shares of Dutch Bros (NYSE: BROS) climbed 65.4% in 2024, according to data provided by S&P Global Market Intelligence. The coffee company's year is a story of two quarters. Investors were disappointed after its second-quarter report and Dutch Bros stock was consequently flat for the year as of October. But a good reaction to its third-quarter report in November propelled shares to their 65% gain in 2024.Ironically, Dutch Bros' Q2 report on Aug. 7 looked good in isolation. Its Q2 revenue was up 30% year over year, bolstered by 4% same-store-sales growth. And its net income more than doubled from the previous year. Management also raised its guidance for the rest of 2024. But it didn't raise the guidance as much as investors wanted, so the stock counterintuitively sank.After Dutch Bros reported third-quarter results on Nov. 7, it seems that investors finally recognized that they were being shortsighted. None of the numbers looked as good as the numbers in Q2. But business is good and the company's long-term ambitions provide high upside if things continue to go well. And this is why Dutch Bros stock finished 2024 at two-year highs.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool