Overview

* Dutch Bros ( BROS ) Q3 revenue grows 25.2% yr/yr, beating analyst expectations

* Company-operated same shop sales rose 7.4%, driven by 6.8% transaction growth

* Dutch Bros ( BROS ) raises full-year guidance for revenue and same shop sales growth

Outlook

* Dutch Bros ( BROS ) raises full-year revenue guidance to $1.61 bln-$1.615 bln

* Company expects same shop sales growth of approximately 5% for 2025

* Dutch Bros ( BROS ) targets 160 shop openings in 2025, 175 in 2026

Result Drivers

* TRANSACTION INITIATIVES - CEO Christine Barone attributes revenue growth to transaction-driving initiatives and new shop openings

* NEW SHOP PRODUCTIVITY - Elevated productivity in new shops contributed to strong Q3 results

* RAISED GUIDANCE - Dutch Bros ( BROS ) raises full-year guidance for revenue and same shop sales growth due to strong Q3 performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $423.58 $415.50

Revenue mln mln (15

Analysts

)

Q3 Net $27.28

Income mln

Q3 Gross $82.44

Profit mln

Q3 $41.49

Income mln

From

Operatio

ns

Q3 $34.94

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "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 ( BROS ) is $74.00, about 25.4% above its November 4 closing price of $55.17

* The stock recently traded at 63 times the next 12-month earnings vs. a P/E of 80 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)