Dutch Bros Q4 revenue rises 29%, beats expectations

Dutch Bros

12/02/2026 21:21

Overview

U.S. quick service beverage firm's Q4 revenue grew 29%, beating analysts' expectations

Company opened 55 new shops, expanding across 17 states

System same shop sales grew 7.7%, driven by transaction increases

Outlook

Dutch Bros projects 2026 revenue between $2 bln and $2.03 bln

Company expects 2026 same shop sales growth of 3% to 5%

Dutch Bros estimates 2026 adjusted EBITDA between $355 mln and $365 mln

Result Drivers

SHOP EXPANSION - Dutch Bros opened 55 new shops, including 52 company-operated, across 17 states, contributing to revenue growth

TRANSACTION INCREASES - Systemwide same-shop transactions grew 5.4%, driving overall sales growth

ADJUSTED EBITDA GROWTH - Adjusted EBITDA grew 48.8%, outpacing revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$443.61 mln
$424.75 mln (19 Analysts)
Q4 EPS
$0.17
Q4 Net Income
$29.16 mln
Q4 Income From Operations
$33.96 mln
Q4 Pretax Profit
$31.14 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "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 $75.50, about 41.1% above its February 11 closing price of $53.52

The stock recently traded at 60 times the next 12-month earnings vs. a P/E of 64 three months ago

Press Release: ID:nBw6FtTrXa

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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.)