🔴 BROS is trading 4.65% down today as a naval blockade of the Strait of Hormuz triggers a market-wide selloff

BROS is trading 4.65% down at $53.28 as geopolitical escalation and a naval blockade of the Strait of Hormuz trigger a market-wide selloff.

• The broader market declined sharply on April 13, with the S&P 500 and NASDAQ both falling 0.37% and the Dow Jones dropping 0.77% as energy prices spiked following the blockade.
• The selloff overshadowed a positive strategic development announced on April 12, in which Dutch Bros reduced capital expenditure for new stores from $1.8 million to $1.3 million.
• Investor sentiment remains pressured by permanent infrastructure risks and rising energy costs, which have outweighed the company's improved store-level economic outlook.