Dutch Bros fires ‘on all cylinders’ in Q2; targets 900-plus new shops by 2029

Due to an anticipated large gathering of people during the ongoing COVID-19 pandemic, out of an abundance of caution for the safety and health of our employees and the public, the Aug. 6, 2021, open session meeting of the U.S. Postal Service Board of Governors will now be conducted by live audio webcast only, with no in-person attendance. With no in-person attendance, the Postal Service is cancelling the previously scheduled public comment period that was to have been conducted following the adjournment of the meeting. The Board is expected to discuss the following items at the Aug. 6 meeting beginning at 9:00 a.m. ET: *Call to Order and Opening Remarks of the Chairman *Remarks of the Postmaster General and CEO *Approval of Minutes *Committee Reports *Quarterly Financial Report *Quarterly Service Performance Report *Approval of Tentative Agenda for November Meetings *Adjournment

To further clarify the implementation plans of the Postal Service Mail Processing Facility Reviews, and continued activity on Regional Processing and Distribution Centers, Sorting and Delivery Centers, and Local Processing Centers, Postmaster General Louis DeJoy transmitted a letter yesterday addressed to Senator Gary Peters, Chairman, Homeland Security and Governmental Affairs Committee. The letter outlines the paused implementation status of the Mail Processing Facility Reviews, as well as the ongoing 2024 activities that will continue to advance and are part of the nearly $15.3 billion in committed self-funded investments. The letter can be found here. “Our Delivering for America Plan initiatives are breathing new life into the U.S. Postal Service. Despite evident progress, it's clear that these efforts should have commenced more than a decade ago," stated Postmaster General and CEO Louis DeJoy. "The need for swift and comprehensive transformation in the Postal Service is undeniable. We remain fully committed to this transformation with the goal of continuously improving service performance for the American people – all while being financially self-sustainable.”

Fourth Quarter 2020 Consolidated Results • Fourth quarter revenues of $875.4 million rose 25.2% as compared to the prior year quarter reflecting the acquisition of Legacy Gannett. ◦ Same store pro forma revenues (as defined and reconciled on Table No. 5 below) decreased 16.3%, due to unfavorable impacts resulting from the COVID-19 pandemic and general trends adversely impacting the publishing industry. This is an improvement of 330 basis points over the third quarter 2020 trend. • Digital advertising and marketing services revenues reached $223.3 million in the fourth quarter, or 25.5% of total revenues. • Net loss attributable to Gannett of $122.2 million in the fourth quarter reflects a $74.3 million non-cash loss on the derivative associated with our convertible notes and a $42.1 million loss associated with the early extinguishment of debt.