Dutch Bros Inc. reported third-quarter revenue of $549.8 million. Revenue rose 29.8% year over year and narrowly beat analyst expectations.
Net income was $37.2 million, compared with $27.3 million in the same period last year.
Growth was supported by expansion and sales gains at existing locations. Dutch Bros opened 48 new shops during the quarter. Company-operated same-shop sales increased 5.4%.
The company raised its full-year 2026 guidance. It now projects total revenue of at least $2.1 billion and same-shop sales growth of at least 5%.