The coffee chain reported 31% revenue growth to $464 million and lifted its 2026 revenue forecast to $2.05 billion-$2.08 billion.
Dutch Bros (NYSE:BROS) posted first-quarter revenue of $464 million, up 31% year over year, exceeding expectations. Adjusted EBITDA rose 26% to $79 million, driven by transaction growth and same-store sales gains of 8.3% systemwide.
The company raised its 2026 revenue outlook to a range of $2.05 billion to $2.08 billion, citing strong beverage innovation, food expansion, and limited-time offerings. It also accelerated its expansion plan, targeting at least 185 new shops in 2026 and reaffirming a long-term goal of 2,029 locations by 2029.
CEO Christine Barone noted the quarter’s results “meaningfully exceeded expectations,” highlighting momentum in its all-day beverage platform and food rollout. Clutch Coffee Bar conversions are also outperforming early projections.