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Dutch Bros Inc. — Third Quarter 2026 Earnings Summary

  • Total revenues rose 29.8% year-over-year to $549.8 million for Q3 2026, with net income increasing to $37.2 million and adjusted EBITDA growing 29.6% to $101.1 million.
  • The company raised full-year 2026 guidance, now projecting total revenue of at least $2.1 billion, same shop sales growth of at least 5%, and adjusted EBITDA of approximately $380 million.
  • Strategic expansion included 48 new shop openings in the quarter and the reacquisition of 32 franchise locations in Phoenix East Valley, bringing the total operating count to 1,273.
  • Future outlook targets at least 185 system shop openings in 2026 and approximately 250 in 2027, supported by investments in digital capabilities, hot food platforms, and beverage innovation.
Company
DUTCH BROS INC
Sector
Consumer Cyclical
Industry
Restaurants