Why Dutch Bros Stock Fell 26% in August

Dutch Bros (NYSE: BROS) shares fell 26% in August despite what the company described as a strong earnings report, data from S&P Global Market Intelligence shows. The chain continues expanding quickly nationwide, reaching 1,225 stores by the end of the second quarter and securing 90% of the locations it needs to reach a target of 2,029 stores by 2029. Revenue rose 32% year over year in the second quarter and same-shop sales increased 5.8%, with company-owned same-shop sales up 8.3% as it moves toward opening mostly company-owned stores. Management also expanded a food menu to 750 locations, after a successful pilot.