Dutch Bros. CEO Christine Barone described the coffee chain's cross-country expansion plans in a Friday interview with CNBC's Jim Cramer, saying it may be some time before the Oregon-based company opens stores in the Northeast region.
"We're really growing in a contiguous way, so that we're growing across states that are next to each other," Barone said.
Dutch Bros. operates in 18 states on the West Coast and in the South, including in California, Arizona and Texas.
The company made its market debut in 2021, and the stock is currently up 48.97% year-to-date.
It reported a solid quarter Wednesday night that sent shares surging more than 28% Thursday, and they continued to climb during Friday's session, closing up more than 5%.
Persons:
Christine Barone, CNBC's Jim Cramer, " Barone, it'll
Organizations:
Bros
Locations:
Oregon, Northeast, Florida, West, California , Arizona, Texas