Key Takeaways BROS maintains its 5-6% systemwide comp outlook for 2026, with Q3 growth expected at about 4-5%.BROS posted 5.8% systemwide comps in Q2, extending its positive comparable-sales streak to 13 quarters.BROS faces tougher 2H comparisons as pricing eases below 1% and transaction comparisons become challenging. Dutch Bros Inc. (BROS - Free Report) maintains its 2026 systemwide same-shop sales growth outlook of 5-6%, with performance expected to trend toward the midpoint of the range. The outlook incorporates an anticipated moderation to approximately 4-5% in the third quarter. Second-quarter systemwide comps increased 5.8%, including transaction growth of 1.7%, while company-operated comps advanced 8.3% on a 3.4% increase in transactions.
The second quarter of 2026 extended BROS’ streak to 13 consecutive quarters of positive comparable sales and eight straight quarters of transaction growth. Performance benefited from the continued food rollout, maturation of newer shop vintages, brand-marketing initiatives and customer segmentation within Dutch Rewards. Comparable sales remained positive across all dayparts, with particular strength during the morning.
The second-half outlook reflects a more demanding comparison profile. Approximately one percentage point of pricing rolled off in early July, reducing the expected effective pricing contribution to less than one percentage point during the period. Transaction comparisons are also expected to become progressively more difficult through the remainder of the year.
The anniversary of the food rollout creates an additional comparison. BROS began introducing the program in the third quarter of 2025 and expanded it more meaningfully during the fourth quarter. Consequently, second-half 2026 results will be measured against periods that already included food sales. The company expects this comparison to affect primarily net ticket.
Despite the anticipated moderation in third-quarter comparable-sales growth, BROS has not changed its full-year systemwide comparable-sales outlook. Continued maturation of newer shops and strength in the morning daypart are likely to support comparable-sales performance during the remainder of 2026.
How MCD and SBUX Compare on Comparable-Sales MomentumMcDonald’s Corporation (MCD - Free Report) is pursuing a more measured comparable-sales recovery. McDonald’s reported second-quarter global comp growth of 1.3%, with the United States increasing 0.8%. U.S. comps turned slightly negative in July as execution challenges carried into the third quarter. McDonald’s is focused on placing its U.S. baseline momentum in a stronger position by the end of 2026. International markets present a firmer outlook, with third-quarter comp growth in IOM and IDL expected to accelerate sequentially from second-quarter rates of 1.5% and 1.9%, respectively.
Starbucks Corporation (SBUX - Free Report) enters its fiscal fourth quarter with stronger comparable-sales momentum. The company generated fiscal third-quarter global and U.S. comp growth of 7.9%, while U.S. transactions increased 4.2%. Starbucks expects fiscal fourth-quarter U.S. comps to rise 6.5% or better, implying full-year U.S. growth of slightly more than 6% and global growth approaching 6%. Starbucks acknowledged the tougher year-over-year traffic comparisons and continued variability in the broader consumer environment.
BROS’ Price Performance, Valuation & EstimatesShares of Dutch Bros have declined 12.7% in the past six months compared with the industry’s fall of 10.9%.
BROS’ Stock’s Six-Month Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, Dutch Bros stock trades at a forward price-to-sales ratio of 3.25, below the industry’s average of 3.27.
BROS’ P/s Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for BROS’ 2026 earnings per share (EPS) implies a year-over-year uptick of 27.6%. The EPS estimates for 2026 have increased in the past 30 days.
EPS Trend of BROS Stock
Image Source: Zacks Investment Research
Dutch Bros stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Dutch Bros Inc. NYSE: BROS has spent the past five years proving that a drive-thru, specialty drink and coffee chain can grow like a technology company.
Dutch Bros Today
$45.99 -2.87 (-5.87%)
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$77.15
Many times in recent years it has shown that it can. Same-shop sales have kept climbing and new locations keep opening at a breakneck pace.
But investors don’t seem completely convinced. The stock has been on a wild up-and-down ride since the start of 2025. And when the company reported one of its strongest quarters ever on Aug. 5, shares plunged roughly 19%.
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Analysts are positive on the stock. But share price and the company’s trajectory don’t always line up. The question is whether Dutch Bros is a growth stock or not.
Second-Quarter Results Beat ExpectationsThe company’s second quarter suggests that it is. Revenue climbed 32.5% year-over-year to $550.9 million, comfortably ahead of the $525.4 million analysts had modeled. Adjusted earnings per share came in at 33 cents, beating the 29-cent consensus by roughly 14% and up from 26 cents a year earlier.
Consolidated net income jumped to $51.6 million from $38.4 million in the prior-year quarter, a 34% increase, while adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 27.8% to $113.7 million.
Same-Shop Sales Remain a Key StrengthThe engine behind those numbers is not merely new locations. It is same-shop sales, the metric investors watch most closely at any restaurant chain. Company-operated same-shop sales rose 8.3%, with transactions up 3.4%, the company reported, while systemwide same-shop sales grew 5.8% on 1.7% higher traffic.
The rise marked the 13th consecutive quarter of positive same-shop sales and the eighth straight quarter of positive traffic growth.
As a result, management raised full-year 2026 guidance across the board. Revenue is now expected between $2.1 billion and $2.13 billion, up from a prior $2.05 billion-to-$2.08 billion range. While systemwide same-shop sales growth was tightened to 5%-6%, adjusted EBITDA guidance rose to between $385 million and $390 million from $370 million to $380 million.
Dutch Bros Accelerates Its ExpansionIn all, Dutch Bros ended the quarter with 1,225 total locations, and management expects a total of 185 new shops this year.
The company also agreed to acquire up to 65 shuttered Salad and Go drive-thru sites across Arizona, Nevada, Oklahoma, and Texas, which it plans to convert into Dutch Bros locations in 2027, a low-cost path to real estate in markets where the brand wants to densify.
Investors React to a Softer OutlookYet, following the recent quarterly report, shares fell nearly 19% the day after, extending a decline that reached roughly 22% within two weeks. It’s not that the numbers were bad; it’s just that the immediate future did not look as shiny.
Dutch Bros Inc. (BROS) Price Chart for Tuesday, September, 1, 2026
Third-quarter same-shop sales guidance of 4% to 5% apparently looked light after the acceleration seen earlier in the year. The company’s capital-expenditure guidance of $350 million to $370 million also signaled that heavy, store-building spending is not slowing down.
In other words, the company’s history exceeded its own targets, but disappointed investors with only strong guidance.
The stock is currently down about 22% from the start of the year and 34% over the past 12 months.
Analysts Maintain a Bullish ViewDespite the volatility, 23 analysts currently cover the stock with a consensus rating of Moderate Buy. The consensus breaks down to two Strong Buys, 18 Buy ratings, and three Holds. In the past month, two analysts have lowered their price targets, though they kept their ratings as Buy or Outperform.
Overall, the stock has a 12-month target of $77.15, implying an upside of 62%. The highest target is now $88 per share, while the lowest is $68, still a strong premium for a stock trading at about $49.
Competition and Spending Create RisksHaving gone public five years ago at $23 per share, Dutch Bros is still young as a public company. Its success has come despite stiff competition against deep-pocketed rivals. But the competition continues with companies including Starbucks NASDAQ: SBUX, Black Rock Coffee Bar NASDAQ: BRCB, and even fast-casual concepts like CAVA Group NYSE: . CAVA.
Same-shop sales growth, though strong, has also decelerated some from the double-digit pace seen previously. And with heavy capital spending, these are trends and pressures on free cash flow that deserve attention.
The Growth Story Remains IntactDutch Bros remains one of the more compelling growth stories in the restaurant sector. Its expansion and execution does not depend on any single quarter, and the company has shown it can expand with a profit.
But what makes it exciting can also make it volatile. The combination of high expectations, aggressive expansion, and some deceleration in same-shop sales growth can spook investors with little hesitation.
Post-earning pullbacks can still be attractive entry points. Analysts think it’s worth it. Interested investors might need to be ready for a ride.
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Dutch Bros nezvýší svou původní nabídku na akvizici až 65 lokalit Salad and Go v Arizoně, Nevadě, Oklahomě a Texasu. Firma ale zůstává v procesu a dál hledá růst nových poboček.
TEMPE, Ariz.--(BUSINESS WIRE)--Dutch Bros Inc. (NYSE: BROS) ("Dutch Bros" or the "Company"), one of the fastest-growing brands in the U.S. quick-service beverage industry, today announced that it elected not to increase its total offer for the previously announced site acquisition of up to 65 Salad and Go™ locations across Arizona, Nevada, Oklahoma and Texas.
“New shop growth is one of the most important drivers of our long-term strategy, and we remain highly confident in our path to 2,029 shops in 2029,” said Christine Barone, Chief Executive Officer and President of Dutch Bros. “We’ve always been disciplined in how we allocate capital. While we have chosen not to increase our original offer, we remain engaged in the process and will continue to evaluate opportunities where the total investment provides the appropriate return.”
Looking ahead, Dutch Bros will remain focused on its long-term strategy of investing in its people, delivering exceptional customer experiences, and thoughtfully expanding its presence across the country.
About Dutch Bros Inc.
Dutch Bros Inc. (NYSE: BROS) is a fun-loving, mind-blowing drive-thru specialty beverage leader dedicated to making a massive difference, one cup at a time. It was founded in Grants Pass, Oregon, in 1992 and now shares its vibrant culture and fully customizable drinks at 1,225 locations as of June 30, 2026. Dutch Bros Coffee serves a wide variety of unique, handcrafted beverages such as its exclusive Dutch Bros Rebel® energy drink, Myst Energy Refresher™, specialty coffee, nitrogen-infused cold brew, tea, lemonade, soda and more.
Dutch Bros Coffee is wholeheartedly focused on radiating kindness and sharing the Dutch Luv®. In addition to its mission of speed, quality and service, the Dutch Bros Foundation® is passionate about giving back to the communities it serves. Through local giving and annual nation-wide initiatives, the Dutch Bros Foundation makes impactful contributions to causes across the country.
To learn more about Dutch Bros, visit www.dutchbros.com, follow Dutch Bros Coffee on Instagram, Facebook, X, and TikTok, and download the Dutch Bros app to earn points and score rewards!
Forward-Looking Statements
In addition to historical information, this press release contains a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding: receipt of applicable approvals and consummation of the proposed site acquisitions, and the timing and anticipated benefits of the proposed site acquisitions. These statements are based on Dutch Bros’ current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Dutch Bros’ control that could cause actual results to differ materially from the results discussed in the forward-looking statements, including those related to Dutch Bros’ inability to recognize the anticipated benefits of the site acquisitions, Dutch Bros’ ability to hire and retain employees in connection with the site acquisitions or otherwise, any problems that may arise in successfully integrating acquired sites and assets, which may result in Dutch Bros not operating as effectively and efficiently as expected, or general economic conditions, and other risks, including those described in Dutch Bros’ Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (SEC) on February 13, 2026, Dutch Bros’ Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on August 5, 2026, and in our future reports to be filed with the SEC. Forward-looking statements contained in this press release are made as of this date, and Dutch Bros undertakes no duty to update such information except as required under applicable law.
Dutch Bros zvýšil výhled tržeb pro rok 2026 na 2,10–2,13 miliardy USD a stále plánuje alespoň 185 otevření poboček. Akcie se ale obchodují za 50,9násobek forward zisku, což ponechává jen malý prostor pro chyby.
Key Takeaways BROS raised 2026 revenue guidance to $2.10-$2.13 billion and plans at least 185 system shop openings.BROS' loyalty, order-ahead, food and energy offerings provide additional growth drivers.BROS trades at 50.9X forward earnings, making sustained growth and productivity crucial. Dutch Bros Inc. (BROS - Free Report) is growing quickly, with rising revenues, positive traffic and a broader development pipeline. Yet the stock still commands a premium valuation while coffee, rent and expansion costs remain elevated.
That mix makes the investment case less about whether Dutch Bros can grow and more about whether that growth can support the price investors are being asked to pay.
Dutch Bros Growth Case Remains StrongManagement raised 2026 revenue guidance to $2.10-$2.13 billion and adjusted EBITDA guidance to $385-$390 million. Systemwide same-shop sales are expected to increase 5-6%, while the company still plans at least 185 system shop openings this year.
The operating base also remains supportive. Second-quarter revenues increased 32.5% year over year to $550.9 million, while systemwide same-shop sales advanced 5.8% with 1.7% transaction growth. That marked an eighth consecutive quarter of transaction gains, a useful indicator that expansion is not relying only on price.
BROS Has Multiple Transaction DriversDutch Rewards represented 73% of second-quarter transactions, showing the scale of the company’s loyalty program. Order-ahead reached roughly 16% of the mix, giving Dutch Bros another channel to improve convenience and encourage repeat visits.
Food had expanded to about 750 system shops, while Myst Energy Refreshers became a permanent menu item after broadening the company’s energy offering. These initiatives give BROS more ways to drive frequency without depending entirely on menu pricing.
Starbucks Corporation (SBUX - Free Report) offers a relevant coffee-shop benchmark. Its fiscal third-quarter 2026 global comparable sales rose 7.9%, led by 4.2% transaction growth. SBUX opened 175 net new stores during the period, reinforcing how traffic and unit growth can work together when execution is effective.
Premium Valuation Leaves Less Room for BROS ErrorBROS trades at 3.5X forward 12-month sales versus 3.1X for its sub-industry and carries a forward price-to-earnings multiple of 50.9X. The premium means investors are already paying for a sizable portion of the company’s expected growth.
That raises the importance of sustaining transaction gains, new-shop productivity and earnings growth as pricing support moderates. A premium multiple can remain justified when operating results stay ahead of expectations, but it also leaves less room for execution misses or slower-than-planned margin improvement.
Execution Risks Could Test Dutch Bros ReturnsManagement expects 2026 capital expenditures of $350-$370 million as Dutch Bros accelerates shop openings, acquisitions and conversions. The scale of that spending increases the need for new locations to mature efficiently and contribute enough sales to offset the capital required to build the network.
Higher coffee costs, greater build-to-suit rent exposure and added food complexity could make that task harder. Restaurant Brands International Inc. (QSR - Free Report) , which owns Tim Hortons, provides another useful industry reference. Tim Hortons had delivered 20 consecutive quarters of positive comparable sales through the first quarter of 2026, while RBI continued to target more than 3% comparable sales and over 5% net restaurant growth toward the end of its 2024-2028 algorithm.
BROS Scores Point to Selective OptimismDutch Bros still presents a credible growth case, but the valuation and execution demands argue against treating growth alone as sufficient reason to buy. The better setup would be one in which transaction momentum, shop productivity and earnings growth keep pace with the premium embedded in the shares.
BROS currently carries a Zacks Rank #3 (Hold). Its Growth Score of A and Momentum Score of B point to favorable growth and momentum characteristics, while the Value Score of F highlights the valuation challenge.
The VGM Score of C reflects that uneven mix across value, growth and momentum. With the Zacks Rank at #3 and the Style Scores split between favorable growth signals and weak value characteristics, the stock fits a more selective, wait-and-see stance rather than an aggressive buying case.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Dutch Bros oznámil silné výsledky za 2. čtvrtletí, včetně růstu tržeb v porovnatelných prodejnách o 8,3 % u vlastních poboček. Akcie přesto po zveřejnění výsledků klesly o 18 % a ocenění se stlačilo na 46násobek forwardového zisku.
Dutch Bros (BROS +3.78%) has been remarkably consistent in a tough consumer spending environment, but its premium price tag creates volatility.
On Aug. 5, the Oregon-based coffee chain reported strong second-quarter results, including 8.3% same-store sales growth for company-owned stores. Loyal Dutch Rewards customers continue to drive results, with the rewards program now accounting for 74% of transactions.
Yet Dutch Bros stock fell 18% the next day and recently was down about 22%, despite beating expectations and raising guidance for the year. A reaction like that typically says more about the stock's valuation than the health of the business.
Image source: The Motley Fool.
Loyal customers drive consistent results The company was lapping a challenging comparison after increasing same-store sales by 7.8% in Q2 2025. Building on those results, company-owned stores grew roughly 16% on a two-year stacked basis.
This was the company's 13th consecutive quarter of positive same-store sales and its eighth straight quarter of transaction growth. That traffic, up 3.4% this quarter, makes Dutch Bros stand out in a restaurant industry where many chains are struggling with declining visits.
The drive-thru specialist continues to benefit from rising demand for convenient, customized caffeinated beverages. Starbucks launched its blended energy refreshers last month to compete for that same afternoon crowd.
Is the valuation still stretched? Before earnings, the stock traded at around 66 times forward earnings estimates. After the drop, the multiple compressed to a more reasonable, but still premium, 46 times. Conservative guidance for third-quarter same-store sales of 4% to 5%, a step down from recent results, may have contributed to the sell-off.
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Higher costs continued this quarter, as expected, weighing on profit margins. Food costs rose to 26.1% of company-operated revenue, up 80 basis points year over year, driven by higher coffee costs and the rollout of its new food offerings. Occupancy costs also climbed 50 basis points as the company shifted toward build-to-suit leases.
Despite rising costs, earnings are still expected to grow by 70% in fiscal 2026 to $0.92 per share.
The simplicity of the drive-thru model is part of the appeal, but the addressable market is what makes the investment case compelling. The cold beverage chain has 1,225 shops today and management says it could reach 3,500 locations just by expanding in its current markets.
Management's aspirational goal is to reach up to 7,000 domestic shops, offering investors a rare long-term growth story in the restaurant industry. The recent pullback provides an opportunity to add shares, though the stock's still not cheap, warranting a disciplined approach.
Shares of Dutch Bros (BROS -0.60%) are taking it on the chin. They tanked 19% on Aug. 6, the day following the company's release of second-quarter financial results (quarter ended June 30).
The market's reaction doesn't seem warranted. The coffee stock posted 32.5% year-over-year revenue growth, with diluted earnings per share (EPS) soaring 40%. And it opened 48 new stores in the quarter.
Is it time to buy Dutch Bros on the dip?
Image source: Getty Images.
I think the stock's latest blip presents investors with a good opportunity to add this business to their portfolios. Dutch Bros has what it takes to be a winning investment in the coming five years.
The company's growth trajectory remains intact. It plans to open 185 net new coffee shops in 2026. And by 2029, the goal is for there to be 2,029 Dutch Bros locations, up from 1,225 today.
It's also worth highlighting how each shop is performing. Even in a highly uncertain macro backdrop, systemwide same-store sales rose 5.8% last quarter, continuing a 19-year streak of positive growth last year.
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The consensus view among sell-side analysts is that Dutch Bros' revenue will surge at a compound annual rate of 27% between 2025 and 2028. Adjusted diluted EPS is projected to rise at a 28% annualized clip during that time.
With the stock trading at a reasonable price-to-sales multiple of 3.8, this forecast could propel the share price.
Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Dutch Bros. The Motley Fool has a disclosure policy.
Dutch Bros tento týden klesl o 20 % navzdory růstu tržeb o 32 % a zisku o 34 % ve 2. čtvrtletí. Trh znepokojily vyšší kapitálové výdaje ve výši 350 až 370 milionů USD a oznámená akvizice 65 poboček Salad and Go.
Shares of quickly growing, hand-crafted beverages chain Dutch Bros (BROS -0.28%) are down 20% this week after the company reported second-quarter earnings on Wednesday. The company grew sales and net income by 32% and 34%, respectively, easily sailing past analysts' expectations. Same-shop sales rose 5.8% during the quarter as well, highlighting that this was not solely expansion-driven growth. Management also raised sales guidance for 2026 to roughly a 29% increase compared to last year.
Despite the impressive figures, Dutch Bros' stock dropped as the market wrestled with a couple of surprising new items.
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The first thing the market seems to be assessing is Dutch Bros' hefty capital expenditures guidance of $350 million to $370 million. While the company is in high-growth mode as it tries to expand from 1,200 locations today to 2,029 by 2029, this new capex outlook represented a 49% increase from 2025 -- surpassing its sales growth this year. That said, this isn't an inherently bad thing. It just means that Dutch Bros is making a bigger bet on its growth opportunities right now, slightly upping its risk-reward potential.
Image source: The Motley Fool.
In addition to this guidance, management announced it was acquiring 65 Salad and Go locations across Texas, Oklahoma, Nevada, and Arizona after the chain went bankrupt. While this probably helps explain some of the higher 2026 capex, it also suggests that 2027's capex may be elevated as the company transforms these locations into new Dutch Bros shops. Again, this isn't inherently bad, but it raises the stakes for Dutch Bros' already ambitious expansion plans.
Ultimately, I think this was an excellent quarter from the company -- especially considering that cash from operations still covers its expansion spending. Trading at 27 times cash from operations, Dutch Bros isn't outrageously priced considering its growth prospects, loyal customer base, and nascent food and rewards programs. I'll be looking to add to my position in the company over the coming weeks and believe Dutch Bros' culture and blend of iced coffees, homemade energy drinks, and other handcrafted drinks stand out from the crowd.
Dutch Bros kupuje 51 provozoven Salad and Go po jejím bankrotu a náhlém uzavření všech poboček. Mezi nimi jsou lokality v Arizoně, Nevadě, Texasu a Oklahomě.
The dust has not yet settled on Salad and Go’s surprise bankruptcy and the abrupt closure of all of its locations, but a fellow Arizona-based restaurant brand is not wasting any time.
Dutch Bros Coffee is moving to buy 51 locations from Salad and Go, which collapsed this week after the ongoing cyclosporiasis outbreak proved to be the final blow for the long-suffering salad chain.
Court documents filed in federal bankruptcy court on Tuesday identified an LLC linked to Dutch Bros as the buyer of dozens of Salad and Go restaurants in Arizona and Nevada, along with additional leases for former Salad and Go locations in Texas and Oklahoma.
Dutch Bros announced the sale on Wednesday, in addition to its second-quarter earnings, after the closing bell. Shares of the coffee chain (NYSE: BROS) fell more than 13% in after-hours trading.
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Salad and Go, founded in Arizona but now headquartered in Texas, had already gone through multiple waves of closures over the last year. Its Chapter 11 filings show that the company suffered financially after an aggressive 2021 expansion had left it over-leveraged.
The salad chain announced this week that it would close all of its remaining locations, with today as its final day of operations.
Limited options in search for a buyerIn shopping for a buyer for its restaurants, Salad and Go explained in court documents that it had very limited options. For instance, its restaurants are drive-through-focused and have no indoor seating for dining, a format that Salad and Go shares with Dutch Bros.
Dutch Bros Inc (NYSE:BROS) stock is trading lower after the company reported second-quarter financial results Wednesday after market close.
• Dutch Bros stock is feeling bearish pressure.
Here are the key highlights.
Dutch Bros Q2 ResultsDutch Bros reported second-quarter revenue of $550.9 million, up 32.5% year-over-year. The revenue total beat a Street consensus estimate of $525.5 million, according to data from Benzinga Pro.
The company reported earnings of 33 cents per share, beating a Street consensus estimate of 29 cents per share.
Company-owned same-shop sales were +8.3% year-over-year in the quarter. Systemwide same shop sales growth was +5.8% year-over-year in the quarter.
Dutch Bros opened 48 new stores in the quarter, with 44 being company-operated.
This marked the 13th consecutive quarter of positive same-shop sales growth and eighth consecutive quarter of same-shop transaction growth.
"We also maintained exceptionally strong development momentum, while AUVs climbed to record levels," Dutch Bros CEO Christine Barone said.
What’s Next for Dutch BrosThe company raised guidance for revenue, EBITDA and same-shop sales growth after the quarterly results.
Dutch Bros now expects full-year revenue to be between $2.1 billion and $2.13 billion. The previous guidance was $2.05 billion to $2.08 billion. The Street is estimating full-year revenue at $2.084 billion, according to data from Benzinga Pro.
Guidance for same-shop sales growth is in the range of 5% to 6%.
Adjusted EBITDA is expected to be in a range of $385 million to $390 million.
"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," Dutch Bros Chief Financial Officer Josh Guenser said.
The company expects to open at least 185 new shops in the fiscal year.
Company Announces Real Estate AcquisitionWhile the double beat and raised guidance comes in strong, investors may be reacting to news that Dutch Bros has acquired the real estate and related site assets of up to 65 Salad and Go locations across Arizona, Nevada, Oklahoma and Texas.
Salad and Go recently filed for bankruptcy and is shutting down all locations.
The company’s announcement said the deal is expected to close in the third quarter and will give Dutch Bros a portfolio of "established drive-thru locations" that will be converted to Dutch Bros stores in 2027.
"New shop growth is one of the most important drivers of our long-term strategy, and this potential site acquisition demonstrates how we’re investing to accelerate that growth," Barone said.
Financial terms of the acquisition were undisclosed.
Dutch Bros Stock Price ActionDutch Bros stock is down 14.47% to $56.17 in after-hours trading Wednesday versus a 52-week trading range of $44.58 to $74.65.
Photo: Shutterstock
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Dutch Bros má za 2. čtvrtletí 2026 vykázat EPS 29 centů, tedy meziroční růst o 11,5 %, a tržby 524,2 milionu USD, což je o 26,1 % více. Marže ale mohou stlačit vyšší náklady na kávu, food rollout a nájem.
Key Takeaways Dutch Bros' Q2 EPS is projected to rise 11.5% YoY to 29 cents, while revenues are seen up 26.1% to $524.2M.BROS may benefit from same-shop sales growth, food rollout and stronger digital engagement in Q2.Higher coffee costs, food rollout expenses and build-to-suit lease costs may pressure BROS' margins. Dutch Bros Inc. (BROS - Free Report) is scheduled to report second-quarter 2026 results on Aug. 5.
BROS’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 31.6%.
Trend in the Estimate Revision of BROSThe Zacks Consensus Estimate for second-quarter earnings per share (EPS) is pegged at 29 cents, indicating a rise of 11.5% from 26 cents reported in the year-ago quarter.
For revenues, the consensus mark is pegged at $524.2 million. The metric suggests a rise of 26.1% from the year-ago quarter’s figure.
Let us take a look at how things might have shaped up in the quarter to be reported.
Factors Likely to Shape BROS’ Quarterly ResultsDutch Bros’ second-quarter 2026 performance is likely to have benefited from sustained transaction growth, healthy customer demand and continued same-shop sales momentum. The company expects system same-shop sales growth to approach 5% for the quarter, supported by underlying brand strength and transaction growth beyond the unusually successful limited-time offering that aided first-quarter results.
The continued expansion of Dutch Bros’ food platform is likely to have supported second-quarter sales. The program had reached 485 system shops by the end of the first quarter, with attachment rates tracking in the low teens and ahead of initial expectations. Shops offering food continued to generate an approximately 4% comparable-sales lift, while the platform strengthened the morning beverage occasion. Further rollout during the quarter is likely to have supported same-shop sales, transactions and morning-daypart demand.
Strength in company-operated shop revenues and franchising and other revenues is expected to have driven the second-quarter top line. The Zacks Consensus Estimate for company-operated shop revenues is pegged at $485.5 million, up from $380.5 million reported in the prior-year quarter. The consensus estimate for franchising and other revenues is pegged at $38.7 million, compared with $35.3 million a year ago.
Digital engagement and menu innovation may also have supported second-quarter results. Continued adoption of Order Ahead, stronger in-app offer effectiveness and expanded rewards segmentation are likely to have encouraged repeat visits and strengthened customer engagement. The May launch of Myst Energy Refreshers may have provided an additional transaction catalyst by broadening Dutch Bros’ customized energy platform and addressing additional customer occasions.
Pricing and shop expansion are expected to have provided second-quarter top-line support. Dutch Bros carried approximately 1.5 percentage points of pricing into the quarter, benefiting average ticket. The company entered the period with its shop-opening cadence ahead of schedule, while new-shop productivity remained in line with record system-wide AUVs. Strong early performance at converted Clutch Coffee Bar locations and continued openings across existing and new markets may have further expanded the revenue base.
However, elevated input costs are likely to have pressured profitability in the second quarter. Coffee-cost pressure is expected to become more pronounced as 2026 progresses, while expenses associated with the continued food rollout are likely to have weighed on the cost of goods sold. In addition, higher rental expenses stemming from the shift toward build-to-suit leases are expected to have constrained company-operated shop margins in the to-be-reported quarter.
What Our Model Says About BROS StockOur proven model does not conclusively predict an earnings beat for Dutch Bros this time. A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings. However, that's not the case here.
Earnings ESP for BROS: Dutch Bros currently has an Earnings ESP of -4.68%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Dutch Bros’ Zacks Rank: The company currently has a Zacks Rank #2.
Stocks Poised to Beat on EarningsIn the to-be-reported quarter, Sweetgreen’s earnings are expected to register a 35% year-over-year increase. SG’s earnings missed estimates in each of the trailing four quarters, with the average miss being 42.4%.
CAVA Group, Inc. (CAVA - Free Report) currently has an Earnings ESP of +20.30% and a Zacks Rank of 3.
In the to-be-reported quarter, CAVA’s earnings are expected to increase 6.3% year over year. CAVA’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed on one occasion, with the average surprise being 16.6%.
Brinker International, Inc. (EAT - Free Report) currently has an Earnings ESP of +0.12% and a Zacks Rank of 3.
In the to-be-reported quarter, Brinker earnings are expected to register a 23.3% year-over-year decline. EAT’s earnings surpassed estimates in all of the trailing four quarters, with the average surprise being 6.8%.
Dutch Bros v poslední seanci vzrostl o 2,66 % na 65,70 USD, ale za poslední měsíc klesl o 10,93 %. Trh čeká výsledky za 5. srpna 2026; odhad je EPS 0,29 USD a tržby 524,2 mil. USD.
Dutch Bros (BROS - Free Report) ended the recent trading session at $65.70, demonstrating a +2.66% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.02% for the day. Meanwhile, the Dow gained 0.51%, and the Nasdaq, a tech-heavy index, lost 0.18%.
Shares of the drive-thru coffee chain operator and franchisor have depreciated by 10.93% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 1.33%, and the S&P 500's gain of 0.77%.
The upcoming earnings release of Dutch Bros will be of great interest to investors. The company's earnings report is expected on August 5, 2026. On that day, Dutch Bros is projected to report earnings of $0.29 per share, which would represent year-over-year growth of 11.54%. Meanwhile, the latest consensus estimate predicts the revenue to be $524.2 million, indicating a 26.07% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.94 per share and a revenue of $2.08 billion, indicating changes of +23.68% and +26.96%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dutch Bros. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.6% higher. Currently, Dutch Bros is carrying a Zacks Rank of #2 (Buy).
Looking at valuation, Dutch Bros is presently trading at a Forward P/E ratio of 68.41. This valuation marks a premium compared to its industry average Forward P/E of 20.28.
We can additionally observe that BROS currently boasts a PEG ratio of 1.74. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Retail - Restaurants industry held an average PEG ratio of 1.95.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 205, placing it within the bottom 17% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Key Takeaways Dutch Bros saw rewards members make up 74% of all transactions in Q1 2026.Dutch Bros' system same-shop transactions rose 5.1%, marking a seventh straight quarter of growth.Dutch Bros plans at least 185 new shops in 2026 and projects revenues of $2.05B-$2.08B. Dutch Bros Inc. (BROS - Free Report) has steadily transformed its digital rewards platform into one of its strongest competitive advantages. During the first quarter of 2026, 74% of all transactions were made by Dutch Rewards members, highlighting how deeply the loyalty program has become embedded in customer behavior. Rather than simply rewarding repeat visits, the platform is increasingly serving as a growth engine that drives frequency, supports new product launches, enhances marketing efficiency and encourages higher customer engagement.
A loyalty program is most valuable when it increases customer visits rather than merely rewarding existing purchases. Dutch Bros appears to be achieving that objective. During the first quarter, system same-shop transactions increased 5.1%, marking the company's seventh consecutive quarter of transaction growth. System same-shop sales rose 8.3%, while company-operated same-shop sales increased 10.6%. Unlike many restaurant companies that continue relying heavily on pricing, Dutch Bros generated healthy transaction growth alongside moderate ticket expansion, indicating that more customers are visiting its shops rather than simply paying higher prices.
Management credited the momentum to stronger customer engagement and rising Dutch Rewards adoption. The app gives Dutch Bros better visibility into purchase frequency, favorite beverages, seasonal demand and regional trends. These insights help the company personalize offers, target limited-time beverages to the right customers and support food promotions more effectively. Higher digital engagement also creates opportunities to launch new beverages more efficiently, promote food offerings and communicate seasonal campaigns without significantly increasing marketing expenses. As the rewards ecosystem expands, customer acquisition costs could decline while repeat visitation continues improving.
The loyalty platform becomes even more valuable as Dutch Bros continues opening new locations. The company finished the first quarter with 1,177 shops after opening 41 new stores during the quarter and now expects to open at least 185 new shops during 2026. Management also raised its full-year outlook, projecting revenues between $2.05 billion and $2.08 billion and same-shop sales growth of approximately 4-6%.
Dutch Bros' 74% rewards penetration represents far more than a loyalty statistic. It reflects an increasingly data-driven customer ecosystem that supports repeat visits, personalized marketing and more efficient expansion into new markets. The company's recent transaction growth suggests the strategy is already delivering tangible benefits. If Dutch Bros continues combining strong rewards engagement with disciplined new-store expansion, menu innovation and effective digital marketing, its loyalty platform could remain an important catalyst for sustaining faster traffic growth over the coming years.
Rewards Programs Become a Key Competitive BattlegroundDutch Bros' success in driving 74% of transactions through its Dutch Rewards program reflects a broader industry trend, with peers like Starbucks Corporation (SBUX - Free Report) and Shake Shack Inc. (SHAK - Free Report) increasingly investing in digital ecosystems to boost customer frequency, personalization and long-term loyalty.
Starbucks continues to strengthen its Rewards platform as part of its "Back to Starbucks" strategy. SBUX reported a record 35.6 million active U.S. Rewards members in the second quarter of fiscal 2026 and introduced new redemption options and personalized benefits to encourage more frequent visits. Management noted that the redesigned program is already increasing customer engagement and visit frequency, positioning Rewards as a key growth engine rather than simply a discount program.
Shake Shack is also expanding its digital engagement strategy. While the company has yet to launch its loyalty program, management plans to introduce it later in 2026 as part of its broader Project Catalyst initiative. The platform is designed to deepen guest engagement, improve retention and increase lifetime value through personalized experiences rather than points-based discounts, while SHAK’s growing digital customer base provides the data needed to support targeted marketing.
Against this backdrop, Dutch Bros appears well positioned with an already mature rewards ecosystem. With nearly three-fourths of transactions flowing through Dutch Rewards, the company has built a sizable base for personalized marketing, product launches and customer retention.
BROS’ Price Performance, Valuation & EstimatesShares of Dutch Bros have gained 22.7% in the past three months against the industry’s decline of 0.4%.
BROS Stock’s Three-Month Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, Dutch Bros stock trades at a forward price-to-sales ratio of 5.13, above the industry’s average of 3.41.
BROS’ P/s Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for BROS’ 2026 earnings per share (EPS) implies a year-over-year uptick of 22.4%. EPS estimates for 2026 have increased in the past 30 days.
EPS Trend of BROS Stock
Image Source: Zacks Investment Research
Dutch Bros currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Dutch Bros dosáhl 52týdenního maxima 74,65 USD po růstu tržeb o 31 % a zvýšení celoročního výhledu. Firma čeká růst tržeb o 25 % až 27 %, růst tržeb ve stejných pobočkách o 4 % až 6 % a otevření alespoň 185 nových poboček.
Investing in restaurant stocks at their early stages of expansion can be a simple and rewarding strategy for building wealth in the stock market. Dutch Bros fits the profile of a growth stock that famous investor Peter Lynch loved to find during his career managing Fidelity's Magellan Fund.
After consolidating for over a year, Dutch Bros' (BROS 1.57%) shares recently surged to a 52-week high of $74.65. The company's growth amid inflation and other economic headwinds is a testament to its brand strength. Here are three reasons the stock is a solid buy right now.
Image source: Dutch Bros.
1. Brand resilience The stock's recent surge followed another strong quarter. Revenue grew 31% year over year, driven by new shop openings and a healthy same-shop sales increase of 8.3%. This shows the brand driving balanced growth from existing and new locations.
What's more, management raised full-year guidance for revenue, same-shop sales, profitability, and new shop openings. It expects full-year revenue to be up 25% to 27%, to open at least 185 new locations, and to deliver same-store sales growth of 4% to 6%.
The first quarter marked the company's fifth straight quarter of transaction growth, which is a strong showing. Even iconic consumer brands like Starbucks and Nike have struggled to deliver meaningful growth to push their share prices higher. Dutch Bros' consistency in a challenging macroeconomic environment reflects a strong brand in the making.
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2. Passionate culture These results reflect strength in a highly competitive beverage-chain market. While its menu, which spans energy drinks, sodas, smoothies, and coffee, is certainly a draw for customers, management says the brand's biggest differentiator is its people.
The company emphasizes friendly interactions with customers, and this matters because Dutch Bros promotes new shop operators from within. And some of these operators are so passionate about the company that they have the brand tattooed on them.
These are intangible qualities that Wall Street analysts will overlook, but that can be vital to a company's long-term success. This is especially true in the restaurant industry, where making customers happy is fundamental to driving sales. Clearly, this company is run by incredibly passionate people. That's rare, and it says a lot about why Dutch Bros continues to post strong financial results.
3. Profitable expansion strategy Dutch Bros had 1,177 shops open as of March 31, 2026. That covers 25 states, leaving plenty of room for nationwide expansion. Management is targeting 2,029 shops by 2029. But investors shouldn't think that it is recklessly expanding for the sake of growth.
Management scouts each location carefully. Its strategy is to cluster locations in a market so consumers will build their daily routine around visiting a Dutch Bros shop. This lays the foundation for billions in annual revenue through high daily sales volume over the long term.
This detailed planning is starting to show up in profitability. The company operated at a small loss through 2022, but since mid-2023, net income has been steadily growing. It generated $118 million in net income on $1.75 billion in revenue over the trailing 12 months.
The stock isn't cheap, trading at a forward earnings multiple of 76. But the stock looks expensive on a price-to-earnings basis because it's still in the early stages of scaling the business and leveraging expenses.
The price-to-sales ratio is a more useful valuation metric for valuing this company in the early innings of its long-term expansion. On that measure, Dutch Bros shares trade at 5.3 times trailing revenue. That's more reasonable and consistent with the ranges that Starbucks and Chipotle historically traded.
Overall, Dutch Bros' momentum in a tough environment, its passionate workforce, and its expansion opportunities make it a solid growth stock to buy in July.
John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chipotle Mexican Grill, Dutch Bros, Nike, and Starbucks. The Motley Fool recommends the following options: short September 2026 $35 calls on Chipotle Mexican Grill. The Motley Fool has a disclosure policy.
