Overview
Dutch Bros Q2 revenue grows 28% yr/yr, beating analyst expectations
Company-operated same shop sales rise 7.8%, driven by transaction growth
Co raises 2025 guidance for total revenues, same shop sales, and adjusted EBITDA
Outlook
Dutch Bros raises 2025 revenue guidance to $1.59 bln-$1.60 bln
Company expects 2025 same shop sales growth of approximately 4.5%
Dutch Bros estimates 2025 adjusted EBITDA between $285 mln-$290 mln
Company plans at least 160 shop openings in 2025
Result Drivers
TRANSACTION GROWTH - Same shop sales growth driven by transaction growth of 3.7%, according to CEO Christine Barone
NEW SHOP OPENINGS - Opened 31 new shops, contributing to revenue growth
SYSTEMWIDE SALES - Systemwide same shop sales increased by 6.1%, enhancing overall revenue
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$415.81 mln
$403.70 mln (15 Analysts)
Q2 Net Income
$38.36 mln
Q2 Gross Profit
$92.55 mln
Q2 Income From Operations
$54.66 mln
Q2 Pretax Profit
$45.60 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 2 "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 Dutch Bros Inc is $80.00, about 28.2% above its August 5 closing price of $57.45
The stock recently traded at 78 times the next 12-month earnings vs. a P/E of 87 three months ago
Press Release: ID:nBw9RWSzNa
(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.)