Dutch Bros Reports Q3 Revenue Beat and 29.8% Year-over-Year Growth
Dutch Bros (BROS) reported third-quarter financial results featuring a revenue beat of $1.33 million, totaling $549.8 million. This represents a significant year-over-year increase of 29.8%. The company's Non-GAAP earnings per share (EPS) came in at $0.25, meeting market expectations. Expansion remains a core driver for the company, with 48 new shop openings during the quarter, 42 of which were company-operated. Looking ahead, Dutch Bros has provided optimistic long-term guidance, projecting total revenues to reach at least $2.1 billion by 2026.
Tickers: $BROS
Topics: earnings report financial guidance revenue growth store expansion