Quarterly ResultMay 6, 2026, 04:14 PM
Dutch Bros Q1 Revenue +31% to $464.4M; Raises 2026 Guidance
AI Summary
Dutch Bros Inc. reported strong financial results for the first quarter ended March 31, 2026, with total revenues increasing 30.8% to $464.4 million and system same shop sales growing 8.3%. Net income rose to $23.7 million, and Adjusted EBITDA increased 26.2% to $79.4 million. Following this performance, the company raised its full-year 2026 guidance for total revenues, system same shop sales growth, Adjusted EBITDA, and total system shop openings.
Key Highlights
- Q1 2026 total revenues grew 30.8% to $464.4 million.
- System same shop sales increased 8.3%, driven by 5.1% transaction growth.
- Net income for Q1 2026 was $23.7 million, up from $22.5 million.
- Adjusted EBITDA grew 26.2% to $79.4 million in Q1 2026.
- Raised 2026 total revenue guidance to $2.05 billion - $2.08 billion.
- Raised 2026 same shop sales growth guidance to 4% - 6%.
- Raised 2026 Adjusted EBITDA guidance to $370 million - $380 million.
- Raised 2026 total system shop openings guidance to at least 185.