BROS
Live News • May 15
Dutch Bros Grows to Over 1,170 Stores With US$464m Q1 Sales and Higher 2026 Outlook Dutch Bros reported Q1 2026 revenue of about US$464.4m, roughly 31% higher year over year, with same-store sales up 8.3% and seven consecutive quarters of comparable sales growth.
The company opened 41 new locations in Q1 2026 and plans at least 185 new shops this year. It is targeting 2,029 stores by 2029 and a longer-term potential of around 7,000 locations in the U.S.
Dutch Bros agreed to acquire 29 franchise locations in Phoenix’s East Valley and opened its first Chicagoland drive-thru in Melrose Park, with several more Illinois sites planned for this summer.
The key thread across these updates is Dutch Bros leaning hard into company-operated growth and new markets, while lifting full-year 2026 revenue guidance to around US$2.07b and calling out ongoing adjusted EBITDA gains despite pressure from coffee and occupancy costs.
For you, the trade-off to weigh is rapid unit expansion and acquisitions versus margin risk and potential share dilution that some investors have already reacted to with volatility around the stock. Reported Earnings • May 07
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: US$0.13 (in line with 1Q 2025). Revenue: US$464.4m (up 31% from 1Q 2025). Net income: US$16.1m (up 4.8% from 1Q 2025). Profit margin: 3.5% (down from 4.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 7.3%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • May 02
Dutch Bros Coffee Launches Myst Energy Refreshers And Returns Seasonal Favorites Dutch Bros Coffee® splashed into summer with new Myst Energy Refresher™ and returning seasonal faves. Myst Energy Refreshers, Dulce de Leche and Strawberry Colada are now making waves at all 1,136+ Dutch Bros locations, while supplies last. Myst Energy Refreshers are a new way to energize your summer fun with plant-powered caffeine, electrolytes and antioxidants. Order them in flavors like: Passion Water, Cherry Lime, Firestorm™ or Tropical - all with less than 100 calories in a medium. For even more variety and customization options, try zero sugar Myst available in 30 different flavor combinations. The Dulce de Leche is a mesmerizing blend of caramel, white chocolate, cinnamon and sweet cream complete with Soft Top®, caramel drizzle and cinnamon sprinks. Get it as Freeze, Iced Latte or Iced Chai. The Strawberry Colada is a chill fantasy of pineapple, coconut, sweet cream with strawberry fruit on top. Best enjoyed as a Blended or Iced Rebel energy drink or Blended Lemonade. Cruise through summer with the Myst Energy Refreshers and returning faves starting May 1 at all 1,136+ Dutch Bros locations, while supplies last.