Dutch Bros, Inc. (NYSE:BROS) Q3 2024 Earnings Conference Call November 6, 2024 5:00 PM ET

Company Participants

Paddy Warren - Senior Director, IR and Capital Markets
Christine Barone - President & CEO
Josh Guenser - CFO

Conference Call Participants

Dennis Geiger - UBS
Patrick Johnson - Stifel
Andrew Charles - TD Cowen
Sara Senatore - Bank of America Merrill Lynch
Gregory Francfort - Guggenheim Partners
Andy Barish - Jefferies
David Tarantino - Baird
Nick Setyan - Wedbush Securities
Rahul Kro - JPMorgan
Jeffrey Bernstein - Barclays
Jeff Farmer - Gordon Haskett

Operator

Greetings, and welcome to the Dutch Bros Third Quarter 2024 Conference Call. [Operator Instructions] At this time, all participants are in a listen-only mode. As a reminder, this conference is being recorded. It is now my pleasure to introduce Paddy Warren, Director of Investor Relations and Corporate Development. Please go ahead.

Paddy Warren

Good afternoon, and welcome. I'm joined by Christine Barone, CEO and President; and Josh Gounder, CFO. We issued our earnings press release for the quarter ended September 30, 2024, after the market closed today. The earnings press release, along with the supplemental information deck have been posted to our Investor Relations website at investors.dutchbros.com.

Please be aware that all statements in our prepared remarks and in response to your questions, other than those of historical facts are forward-looking statements and are subject to risks, uncertainties and assumptions that may cause actual results to differ materially. They are qualified by the cautionary statements in our earnings press release and the risk factors in our latest SEC filings, including our most recent annual report on Form 10-K and quarterly report on Form 10-Q. We assume no obligation to update any forward-looking statements.

We will also reference non-GAAP financial measures on today's call. As a reminder, non-GAAP measures are neither substitute for nor superior to, measures that are prepared under GAAP. Please review the reconciliation of non-GAAP measures to comparable GAAP results in our earnings press release. I would also like to announce that we will be hosting our inaugural Investor Day in early 2025. We will plan to provide updates to our key growth drivers and intend to hold this event in person in the Phoenix, Arizona market. We expect to release further details in the coming months.

With that, I would now like to turn the call over to Christine.

Christine Barone

Thank you, Paddy. Good afternoon, everyone. I want to start by sharing that we are incredibly excited about the strength of our brand, the love from our customers and our clear path forward. As the industry continues to evolve, we expect that our customers will place an even larger emphasis on iced beverages, on personalization and on speed. We see the increasing relevance of energy, which has been a core component of our menu for over a decade.