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Dutch Bros posts revenue and EPS beats, shares drop after Q2
The drive-thru chain reported 8.3% company-operated same-shop sales and raised 2026 guidance, but the stock fell about 19% after the Aug. 5 earnings release.
Dutch Bros Inc. delivered a strong second-quarter earnings report on Aug. 5, but shares sold off sharply afterward. According to MarketBeat Ratings, the company grew revenue 32.5% year over year to $550.9 million, exceeding the $525.4 million analysts modeled, while adjusted earnings per share were 33 cents versus a 29-cent consensus.
The company also highlighted same-shop sales as a key driver of results. Company-operated same-shop sales rose 8.3%, with transactions up 3.4%, and systemwide same-shop sales increased 5.8% alongside 1.7% higher traffic, marking the 13th straight quarter of positive same-shop sales and the eighth straight quarter of traffic growth.
Management raised full-year 2026 guidance across the board, MarketBeat Ratings reported. Revenue is now expected between $2.1 billion and $2.13 billion, versus the prior $2.05 billion to $2.08 billion range, and adjusted EBITDA guidance increased to $385 million to $390 million from $370 million to $380 million.
Even with the upside in results and guidance, Dutch Bros shares fell nearly 19% the day after the report, extending the stock’s broader volatility since the start of 2025. MarketBeat Ratings also noted the company ended the quarter with 1,225 total locations and expects 185 new shops in 2025, and it agreed to acquire up to 65 shuttered Salad and Go drive-thru sites to convert into Dutch Bros locations in 2027.