| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 550.85 | 18.6% | 32.5% |
| Total Income | 550.85 | 18.6% | 32.5% |
| Expenditure | 480.45 | 11.7% | 33.0% |
| PBT | — | ||
| Net Profit | 37.41 | 132.4% | 46.0% |
| OPM | 12.78% | 5.40pp | 0.36pp |
| NPM | 6.79% | 3.33pp | 0.63pp |
| EPS | 0.28 | 115.4% | 40.0% |
Dutch Bros Reports Q2 2026 Results, Achieves 32% Revenue Growth and Raises Guidance
06 Aug 2026 · 6 Aug, 1:46 am
Summary
Dutch Bros Inc. reported strong financial results for the second quarter ended June 30, 2026, with total revenues increasing by 32.5% year-over-year to $550.9 million. The company achieved significant growth in same shop sales, with company-operated sales up 8.3% and systemwide sales up 5.8%. Net income rose to $51.6 million, and Adjusted EBITDA grew by 27.8% to $113.7 million. Based on this performance, Dutch Bros has raised its full-year guidance for total revenues, system same shop sales growth, and Adjusted EBITDA.
Key Highlights
- 1
Total revenues grew 32.5% to $550.9 million in the second quarter of 2026 compared to $415.8 million in the same period of 2025.
- 2
Company-operated same shop sales increased 8.3% and company-operated same shop transactions increased 3.4% relative to the same period in 2025.
- 3
Systemwide same shop sales increased 5.8% and systemwide same shop transactions increased 1.7% relative to the same period in 2025.
- 4
Net income was $51.6 million for the second quarter of 2026, up from $38.4 million in the same period of 2025.
- 5
Adjusted EBITDA grew 27.8% to $113.7 million compared to $89.0 million in the same period of 2025.
- 6
The company opened 48 new shops in the second quarter, with 44 of those being company-operated.
- 7
Full-year guidance for Total Revenues, Systemwide Same Shop Sales Growth, and Adjusted EBITDA has been raised.
Management Comments
Christine Barone
Our second quarter performance reflects the strength of the Dutch Bros brand, powered by our differentiated people-led culture and our compelling value proposition that continues to resonate with customers. The success of our strategy was evident in the second quarter as we delivered our thirteenth consecutive quarter of positive same shop sales growth and our eighth consecutive quarter of same shop transaction growth. We also maintained exceptionally strong development momentum, while AUVs climbed to record levels. This performance is the result of years of foundational investments across the business, giving us tremendous confidence in our ability to continue growing Dutch Bros for the long-term.
Josh Guenser
Based on the performance so far this year and the recent acquisition from one of our Phoenix franchisees, we are increasing our full-year guidance on Total Revenues, Systemwide Same Shop Sales Growth and Adjusted EBITDA. We enter the second half of the year from a position of strength, with a focused plan, strong visibility into our growth initiatives, and a clear path to turning the significant whitespace ahead of us into durable growth.
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