04:53 PM EDT, 08/07/2024 (MT Newswires) -- Dutch Bros ( BROS ) reported Q2 adjusted net income late Wednesday of $0.19, up from $0.13 a year earlier.

Analysts polled by Capital IQ expected EPS of $0.13.

Revenue for the quarter ended June 30 was $324.9 million, up from $249.9 million a year earlier. Analysts surveyed by Capital IQ expected $317.4 million.

The company said it now expects full year 2024 revenue of between $1.22 billion and $1.23 billion, up from the prior guidance of $1.20 billion and $1.22 billion. Analysts in a Capital IQ poll expect $1.23 billion.

Shares fell past 13% in after-hours activity.

Price: 32.59, Change: -5.11, Percent Change: -13.55