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Dutch Bros CEO lays out the coffee chain's cross-country expansion plans
BROSDutch Bros(BROS) CNBC·2024-11-08 23:51

Core Insights - Dutch Bros. CEO Christine Barone outlined the company's strategy for cross-country expansion, indicating that entry into the Northeast will take time as the focus remains on contiguous growth in neighboring states [1] - The company recently entered the Florida market and continues to see significant growth opportunities ahead [1] - Dutch Bros. operates in 18 states primarily on the West Coast and in the South, including major markets like California, Arizona, and Texas [1] - Since its market debut in 2021, Dutch Bros. stock has increased by 48.97% year-to-date, reflecting strong investor confidence [1] - Following a solid quarterly report, the company's shares surged over 28% in one day and continued to rise, closing up more than 5% the following day [1]