Dutch Bros CEO Christine Barone discussed her company's expansion strategy in an interview with CNBC's Jim Cramer, saying the coffee chain focuses on training employees when they go to a new market.
Barone said Dutch Bros is "on the path" to 4,000 stores and hit 876 locations this quarter.
Dutch Bros beat analysts' expectations when it reported earnings Tuesday evening, and shares closed 11.79% higher Wednesday.
The company's success follows a weaker-than-expected quarter from competitor Starbucks .
Barone, who took over as CEO in January, attributed some of Dutch Bros' success to its emphasis on customer service.
Persons:
Christine Barone, CNBC's Jim Cramer, Barone, they're, Laxman Narasimhan, We've
Organizations:
Dutch Bros, Bros, Starbucks
Locations:
Dutch, Oregon, West, Florida, Texas, Tennessee, East Coast