Dutch Bros reported first quarter 2026 revenue of $464.4 million, up 30.8% year-over-year, and GAAP EPS of $0.13. The results beat revenue expectations of $447.3 million but missed the consensus EPS estimate of $0.16. Following the strong performance, the company raised its full-year 2026 guidance.
Key Highlights
- System-wide same shop sales grew an exceptional 8.3%, significantly outperforming the 5.8% consensus estimate, driven by a 5.1% increase in customer transactions.
- Revenue growth of 30.8% to $464.4 million beat analyst expectations, supported by the opening of 41 new shops during the quarter, ahead of the targeted 30.
- Management raised its full-year 2026 outlook for total revenues (now $2.05 billion to $2.08 billion), system same-shop sales growth (now 4% to 6%), and total system shop openings (now at least 185).