Dutch Bros beats Q1 revenue estimates, lifts 2026 outlook

Dutch Bros

06/05/2026 21:13

Overview

U.S. quick service beverage chain's Q1 revenue rose 31%, beating analyst expectations

Adjusted EBITDA for Q1 grew 26% year-over-year

Company raised 2026 guidance for revenue, same shop sales, adjusted EBITDA, and new shop openings

Outlook

Dutch Bros now projects 2026 total revenues between $2.05 bln and $2.08 bln

Company estimates 2026 same shop sales growth of 4% to 6%

Dutch Bros expects 2026 adjusted EBITDA between $370 mln and $380 mln

Result Drivers

SAME SHOP SALES GROWTH - Q1 systemwide same shop sales rose 8.3%, driven by a 5.1% increase in transactions, according to CEO Christine Barone

NEW SHOP OPENINGS - Opened 41 new shops in Q1, expanding presence in existing and new markets

CUSTOMER ENGAGEMENT - High customer engagement and loyalty supported by Dutch Rewards program and brand experience

Company press release: ID:nBw3sq2FNa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$464.41 mln
$449.83 mln (21 Analysts)
Q1 Net Income
$23.66 mln
Q1 Income From Operations
$34.30 mln
Q1 Pretax Profit
$27.005 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 25 "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 Dutch Bros Inc is $75.00, about 31.2% above its May 5 closing price of $57.17

The stock recently traded at 57 times the next 12-month earnings vs. a P/E of 61 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)