Dutch Bros Lowers Full-Year Outlook Despite Third-Quarter Revenue Growth
Dutch Bros (BROS) reported third-quarter earnings that saw revenue increase 30% year-over-year and net income rise to $37.2 million. However, the stock faced significant downward pressure after the company lowered its full-year guidance for sales, same-shop sales growth, and adjusted EBITDA. Despite the disappointing outlook, the coffee chain is pursuing an aggressive expansion strategy. The company plans to open 250 stores next year as part of a long-term goal to reach 2,029 locations by 2029, with a much larger target of 7,000 stores in the coming years. The company currently operates 1,328 locations across 28 states.
Topics: earnings report retail expansion revenue growth stock price decline
Read the full article at Motley Fool
Part of the story Boyd Group Services Reports 28.2% Revenue Growth in Third Quarter 2026 (23 articles)