
• Reported GAAP EPS of $0.13 • Reported revenue of $464.41M up 30.76% YoY • Dutch Bros raised its 2026 guidance, now projecting total revenues between $2.05B and $2.08B, with same shop sales growth of 4% to 6%. Adjusted EBITDA is estimated to be $370M to $380M.
Bullish
Dutch Bros achieved 30.8% revenue growth to $464.4M and 8.3% systemwide same shop sales growth, while Adjusted EBITDA expanded to $79.4M and 41 new shops opened.
Bearish
Dutch Bros experienced a decrease in company-operated shops gross profit margin to 20.0% and an increase in selling, general, and administrative expenses. The company also saw a net decrease in cash and cash equivalents.