Loading...
•
Mar 31, 2025
Dutch Bros Q1 2025 Earnings Report
Dutch Bros reported strong Q1 2025 results with significant revenue growth and solid net income.
Key Takeaways
Dutch Bros delivered a robust first quarter with 29% revenue growth, positive transaction momentum, and increased same shop sales, supported by expanding its shop footprint.
Revenue increased 29.1% YoY to $355,152,000.
Net income rose to $22,480,000 from $16,215,000 a year ago.
Company-operated same shop sales grew 6.9%.
30 new shops were opened, including 25 company-operated locations.
Revenue by Segment
Forward Guidance
Dutch Bros expects to hit the upper end of its 2025 guidance ranges for revenue, same shop sales growth, and adjusted EBITDA.
Positive Outlook
- Full-year revenue guidance reaffirmed at $1.555–$1.575 billion.
- Adjusted EBITDA expected between $265–$275 million.
- Same shop sales growth projected at 2–4%.
- Anticipates opening at least 160 systemwide shops in 2025.
- 90 basis points of SG&A leverage expected year-over-year.
Challenges Ahead
- Ongoing elevated coffee costs impacting margins.
- Same shop sales growth guidance lower than prior year.
- Continued pressure from macroeconomic uncertainties.
- Pre-opening costs impacting shop contribution margins.
- Margins slightly compressed despite revenue growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...