Dutch Bros Q2 revenue beats estimates on new shops

Dutch Bros

05/08/2026 21:29

Overview
US quick service beverage chain's Q2 revenue grew 32%, beating analyst expectations
Adjusted net income per share for Q2 rose to $0.33 from $0.26 last year
Company raised 2026 guidance for revenue, same shop sales growth, and adjusted EBITDA

Outlook
Dutch Bros raises 2026 total revenue outlook to $2.1 bln-$2.13 bln
Company now sees 2026 same shop sales growth of 5%-6%
Dutch Bros expects 2026 adjusted EBITDA of $385 mln-$390 mln

Result Drivers
SHOP EXPANSION - Co said opening 48 new shops, mostly company-operated, contributed to revenue growth
SAME SHOP SALES GROWTH - Co reported 8.3% company-operated and 5.8% systemwide same shop sales growth, citing continued customer demand
RECORD AUVs - Co said average unit volumes reached record levels, supported by foundational investments

Company press release: ID:nBw3kT72ma

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$550.85 mln
$525.45 mln (21 Analysts)
Q2 Net Income
 
$51.61 mln
 
Q2 Gross Profit
 
$123.30 mln
 
Q2 Income From Operations
 
$70.41 mln
 
Q2 Pretax Profit
 
$64.23 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 24 "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 $80.00, about 24.8% above its August 4 closing price of $64.11
The stock recently traded at 57 times the next 12-month earnings vs. a P/E of 57 three months ago

Reuters Recommended Reads
Aug 4 - McDonald's US sales growth slows as value push falters
Aug 5 - Shake Shack Q2 profit beats on increased sales
Aug 5 - Dine Brands beats Q2 revenue estimates, maintains 2026 guidance

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.)