Overview

* Dutch Bros ( BROS ) Q2 revenue grows 28% yr/yr, beating analyst expectations

* Company-operated same shop sales rise 7.8%, driven by transaction growth

* Co raises 2025 guidance for total revenues, same shop sales, and adjusted EBITDA

Outlook

* Dutch Bros ( BROS ) raises 2025 revenue guidance to $1.59 bln-$1.60 bln

* Company expects 2025 same shop sales growth of approximately 4.5%

* Dutch Bros ( BROS ) estimates 2025 adjusted EBITDA between $285 mln-$290 mln

* Company plans at least 160 shop openings in 2025

Result Drivers

* TRANSACTION GROWTH - Same shop sales growth driven by transaction growth of 3.7%, according to CEO Christine Barone

* NEW SHOP OPENINGS - Opened 31 new shops, contributing to revenue growth

* SYSTEMWIDE SALES - Systemwide same shop sales increased by 6.1%, enhancing overall revenue

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $415.81 $403.70

Revenue mln mln (15

Analysts

)

Q2 Net $38.36

Income mln

Q2 Gross $92.55

Profit mln

Q2 $54.66

Income mln

From

Operatio

ns

Q2 $45.60

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "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 $80.00, about 28.2% above its August 5 closing price of $57.45

* The stock recently traded at 78 times the next 12-month earnings vs. a P/E of 87 three months ago

Press Release:

(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.)