Earnings summaries and quarterly performance for Dutch Bros.
Executive leadership at Dutch Bros.
Christine Barone
Detailed
Chief Executive Officer and President
CEO
Joshua Guenser
Detailed
Chief Financial Officer
Nicholas Daddario
Detailed
Chief Accounting Officer
Sumi Ghosh
Detailed
President of Operations
Tana Davila
Detailed
Chief Marketing Officer
Travis Boersma
Detailed
Executive Chairman
Victoria Tullett
Detailed
Chief Legal Officer
Board of directors at Dutch Bros.
Research analysts who have asked questions during Dutch Bros earnings calls.
Andrew Barish
Jefferies
4 questions for BROS
Also covers: CAKE, CAVA, DRI +10 more
Andrew Charles
TD Cowen
4 questions for BROS
Also covers: CAVA, CMG, DPZ +13 more
David Tarantino
Robert W. Baird & Co.
4 questions for BROS
Also covers: ATKR, CAKE, CAVA +18 more
Dennis Geiger
UBS
4 questions for BROS
Also covers: BLMN, CAKE, CAVA +18 more
Gregory Francfort
Guggenheim Securities
4 questions for BROS
Also covers: CMG, DPZ, DRI +10 more
Jeffrey Bernstein
Barclays
4 questions for BROS
Also covers: BJRI, BLMN, CAKE +22 more
Jeffrey Farmer
Gordon Haskett Research Advisors
4 questions for BROS
Also covers: BLMN, CAKE, CBRL +7 more
Sara Senatore
Bank of America
4 questions for BROS
Also covers: BLMN, CAKE, CAVA +21 more
John Ivankoe
JPMorgan Chase & Co.
3 questions for BROS
Also covers: BLMN, CAKE, CAVA +13 more
Brian Harbour
Morgan Stanley
2 questions for BROS
Also covers: BLMN, CAKE, CAVA +21 more
Christopher O'Cull
Stifel, Nicolaus & Company
2 questions for BROS
Also covers: CAVA, CMG, DPZ +13 more
Sharon Zackfia
William Blair & Company
2 questions for BROS
Also covers: BIRK, BJRI, CAKE +16 more
Brian Mullan
Piper Sandler
1 question for BROS
Also covers: BJRI, BLMN, CAVA +18 more
Chris O'cull
Stifel Financial Corp
1 question for BROS
Also covers: CAVA, CMG, DPZ +11 more
Christine Cho
Goldman Sachs Group
1 question for BROS
Also covers: BEP, BEPC, BLMN +22 more
Jacob Aiken-Phillips
Melius Research
1 question for BROS
Also covers: ACI, CASY, CAVA +9 more
Logan Reich
RBC Capital Markets
1 question for BROS
Also covers: CAVA, DPZ, JACK +5 more
Nerses Setyan
Wedbush Securities
1 question for BROS
Nick Setyan
Wedbush Securities
1 question for BROS
Also covers: BJRI, CAVA, DENN +4 more
Patrick Johnson
Stifel
1 question for BROS
Also covers: DRI, FWRG, JACK +1 more
Rahul Krotthapalli
JPMorgan Chase & Co.
1 question for BROS
Also covers: CAKE, CAVA, DNUT +8 more
Recent press releases and 8-K filings for BROS.
Dutch Bros Reports Strong Q3 2025 Results and Raises Full-Year Revenue and Same Shop Sales Guidance
BROS
Earnings
Guidance Update
New Projects/Investments
- Dutch Bros reported strong Q3 2025 results, with total revenue of $424 million, a 25% increase over the prior year, and adjusted EPS of $0.19, up 19% from Q3 last year.
- The company achieved system same shop sales growth of 5.7% and system transaction growth of 4.7% in Q3 2025, marking its fifth consecutive quarter of transaction growth.
- Full-year 2025 guidance was raised for total revenues to between $1.61 billion and $1.615 billion and system same shop sales growth to approximately 5%, while adjusted EBITDA guidance remains in the range of $285 million-$290 million.
- Dutch Bros opened 38 new shops in Q3 2025, bringing the total system shop count to 1,081, and projects approximately 175 new system shops to open in 2026, remaining on track for its goal of 2,029 shops in 2029.
- The food program expanded to approximately 160 shops by the end of Q3 2025, with a full rollout planned by the end of 2026, and is expected to contribute an approximate 4% comp lift in participating shops.
Nov 5, 2025, 10:00 PM
Dutch Bros announces Q3 2025 results and FY 2025 outlook
BROS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Dutch Bros reported Q3 2025 total revenue of $424 million and Adjusted EBITDA of $78 million.
- Systemwide Same Shop Sales grew by 5.7% in Q3 2025, with Company-Operated Same Shop Sales increasing by 7.4%.
- By Q3 2025, the company reached a total of 1081 shops, of which 759 are company-operated.
- For FY 2025, Dutch Bros projects total revenue between $1.61 billion to $1.615 billion, Adjusted EBITDA between $285 million to $290 million, and approximately 5% Same Shop Sales Growth.
Nov 5, 2025, 10:00 PM
Dutch Bros Inc. Reports Strong Q3 2025 Financial Results and Raises Full-Year Guidance
BROS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Dutch Bros Inc. reported 25.2% revenue growth, reaching $423.6 million for the third quarter ended September 30, 2025.
- Systemwide same shop sales increased 5.7%, while company-operated same shop sales grew 7.4% in Q3 2025.
- Net income for Q3 2025 was $27.3 million, and Adjusted EBITDA grew 22.3% to $78.0 million.
- The company raised its full-year 2025 guidance, now projecting total revenues between $1.61 billion and $1.615 billion and same shop sales growth of approximately 5%.
- Dutch Bros opened 38 new shops in Q3 2025, with a target of 160 total system shop openings for 2025 and approximately 175 for 2026.
Nov 5, 2025, 9:09 PM
Dutch Bros Reports Strong Third Quarter 2025 Financial Results
BROS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Dutch Bros Inc. reported total revenues of $423.6 million for the third quarter ended September 30, 2025, a 25.2% increase year-over-year, with net income of $27.3 million.
- The company achieved systemwide same shop sales growth of 5.7%, including 4.7% transaction growth, marking its fifth consecutive quarter of positive transaction growth.
- Management raised its full-year 2025 guidance for total revenues to between $1.61 billion and $1.615 billion and for same shop sales growth to approximately 5%.
- During Q3 2025, 38 new shops were opened, 34 of which were company-operated, contributing to a total of 1,081 shops as of September 30, 2025.
Nov 5, 2025, 9:05 PM
Dutch Bros Reports Strong Q3 2025 Results and Raises Guidance
BROS
Earnings
Guidance Update
New Projects/Investments
- Dutch Bros reported a strong third quarter for 2025, with revenue reaching approximately $424 million, marking a 25% year-over-year increase, and adjusted earnings per share of $0.19, surpassing consensus estimates.
- The company is pursuing rapid expansion, opening 38 new shops in Q3 2025 and planning 160 new stores in 2025 and 175 in 2026, with a goal of over 2,000 stores by 2029.
- Dutch Bros raised its full-year revenue guidance to between $1.61 billion and $1.615 billion and has demonstrated consistent performance with 17 consecutive quarters of 25% or more year-on-year revenue growth.
- System same shop sales increased by 5.7% and company-operated same shop sales grew by 7.4% in Q3 2025, although the gross margin has seen a long-term decline to 26.73% and the company carries a debt-to-equity ratio of 1.54.
Nov 5, 2025, 6:28 AM
Chagee Announces Second Quarter 2025 Financial Results
BROS
Earnings
Revenue Acceleration/Inflection
Executive Compensation
- Chagee Holdings Limited reported net revenues of RMB3,331.9 million (US$465.1 million) for the second quarter ended June 30, 2025, representing a 10.2% increase from the same quarter of 2024.
- GAAP net income significantly decreased by 87.7% to RMB77.2 million (US$10.8 million) in Q2 2025, primarily due to RMB552.5 million in share-based compensation expenses related to IPO vesting.
- In contrast, Non-GAAP net income for Q2 2025 was RMB629.8 million (US$87.9 million), showing a 0.1% year-over-year increase.
- The company's teahouse network expanded by 40.9% to 7,038 teahouses as of June 30, 2025, which contributed to a 15.5% increase in total GMV to RMB8,103.1 million for the quarter.
Aug 29, 2025, 11:00 AM
Dutch Bros Outlines Strategic Growth Initiatives at 2025 Conference
BROS
New Projects/Investments
Revenue Acceleration/Inflection
- Dutch Bros, a drive‐through beverage operator and franchisor with over 1,000 shops, emphasized its long-standing brand and culture as a key asset for future growth.
- Management outlined a strategic framework targeting 20%+ revenue growth, 30% shop-level margin, and unit expansion toward a 7,000-shop TAM based on refined market planning and site selection efforts.
- The session highlighted new initiatives including the rollout of the mobile order and pay platform—with its transaction mix rising from 8% to 11%—and an expanded food pilot moving from 8 to 32 shops, both aimed at enhancing customer experience and throughput.
- Management also addressed margin pressures from elevated coffee costs and tariffs (around 110 basis points COGS margin pressure), noting potential future benefits if input costs normalize.
Jun 5, 2025, 6:06 PM
Dutch Bros Outlines Aggressive Growth Strategy at Growth Stock Conference
BROS
New Projects/Investments
Management Change
- Ambitious Growth Target: Dutch Bros plans to double its unit base by 2029 and is leveraging its established drive-through beverage model to fuel national expansion.
- Operational and Digital Innovations: The company highlighted strong mobile order growth—from 8% to 11% of transactions—and initiated food testing in 32 shops, aiming to enhance morning daypart offerings.
- Enhanced Throughput and Brand Initiatives: Strategic restructuring, including changes in leadership roles and a revamped digital rewards program, underscores a focus on improving service and operational efficiency.
Jun 4, 2025, 2:32 AM
Dutch Bros Inc. Restructures Credit Facility Terms
BROS
Debt Issuance
- Dutch Bros Inc. entered a material definitive agreement to amend and restate its existing $650 million senior secured credit facility, establishing a structure that includes a $500 million revolving credit facility and a $150 million term loan.
- Under the new 2025 Credit Facility, the Loan Parties drew $150 million in term loans and $50 million in revolving loans, with the facility maturing on May 29, 2030, and interest rates based on either the Alternate Base Rate or Term SOFR Rate.
May 30, 2025, 12:00 AM
Dutch Bros Q1 2025 Earnings & FY Outlook: Growth, Expansion, and Strategic Initiatives
BROS
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Dutch Bros reported $355 million in Q1 2025 revenue – up ~29% YoY – with net income of approximately $22.5 million and adjusted net income of $24.80 million (, , , ).
- System same-shop sales grew 4.7% and company-operated same-shop sales increased 6.9%, highlighting robust customer transaction performance (, ).
- Adjusted EBITDA reached $63 million, reflecting strong operating performance (, ).
- The company expanded its footprint by opening 30 new shops (including 25 company-operated) to bring the total count to 1,012 across 11 states (, , ).
- The FY 2025 outlook projects revenue between $1.555B and $1.575B, adjusted EBITDA between $265M and $275M, and same-shop sales growth of 2%-4% ().
- Strategic initiatives such as enhanced mobile order adoption, order ahead capabilities, and an expanded food pilot contributed to sustained momentum (, ).
- Robust liquidity is evident with a net cash position of approximately $36 million and continued positive guidance ().
May 7, 2025, 9:01 PM
Quarterly earnings call transcripts for Dutch Bros.
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