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  "documentTitle": "Dutch Bros | Investor Presentation Deck | 15 slides",
  "authorId": "dutch-bros",
  "authorName": "Dutch Bros",
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  "presentationDate": "2023-03-01 00:00:00",
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      "kind": "chart",
      "text": "SHOPS (UNITS) 2021: 538 (271 Company-Operated, 267 Franchised); 2022: 671 (396 Company-Operated, 275 Franchised); Outlook: At least 130 Company-operated",
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      "text": "REVENUE ($M) 2021: $498 ($404 Company-Operated, $94 Franchised); 2022: $739 ($640 Company-Operated, $99 Franchised); Outlook: $950M - $1B",
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      "text": "COMPANY-OPERATED SHOP CONTRIBUTION MARGIN (% OF COMPANY-OPERATED SHOP SALES) 2021: 25.5%; 2022: 24.6%",
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      "text": "NET INCOME AND ADJUSTED EBITDA ($M) 2021: $(118) Net Income, $84 Adj. EBITDA (16.9%); 2022: $(19) Net Income, $91 Adj. EBITDA (12.3%); Outlook: $125 Adj. EBITDA",
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      "kind": "source-note",
      "text": "3 We have not reconciled guidance for Adjusted EBITDA to the corresponding GAAP financial measure because the various reconciling items are not available on a forward-looking basis. We are unable to determine the probable significance of reconciling items because certain items are outside of our control and vary significantly from period to period. Accordingly, reconciliation to the corresponding GAAP financial measure is not available without unreasonable effort.",
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      "text": "1 See slides 11 and 13 for a reconciliation to the most directly comparable financial measure stated in accordance with GAAP",
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      "text": "2 Refer to \"Company-Operated Shop Results\" section on our Earnings Release filed on Form 8-K, dated February 22, 2023 for the year ended December 31, 2022 regarding our revised historical results related to an immaterial error correction for employee sick leave.",
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      "kind": "title",
      "text": "ANNUAL FINANCIALS",
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