Black Rock Coffee Bar's revenue rises, returns to profit in Q1

Black Rock Coffee Bar

12/05/2026 21:15

Overview

U.S. drive-thru coffee chain's Q1 revenue rose 24% yr/yr on new store openings

Net income swung to profit

Company reaffirmed 2026 outlook, including 36 new store openings and revenue guidance

Outlook

Company reaffirms 2026 revenue guidance of $255 mln to $257 mln

Company expects 36 new store openings in 2026

Company sees 2026 adjusted EBITDA between $33.5 mln and $34.5 mln

Result Drivers

NEW STORE OPENINGS - Co said opening 9 new stores in Q1 contributed to revenue growth

SAME STORE SALES - Co reported same store sales growth of 5.2% yr/yr in Q1

PRODUCT MIX AND DEMAND - Co cited steady demand across day parts and a coffee-led mix with growing food and energy beverage sales as supporting results

Company press release: ID:nGNX6yWrXk

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$55.5 mln
Q1 Net Income
$1.8 mln
Q1 Adjusted EBITDA
$7.4 mln
Q1 Income from Operations
$2.7 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the restaurants & bars peer group is "buy"

Wall Street's median 12-month price target for Black Rock Coffee Bar Inc is $23.50, about 113.8% above its May 11 closing price of $10.99

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)