
• Reported GAAP EPS of $0.17 up 466.67% YoY • Reported revenue of $443.61M up 29.41% YoY • Dutch Bros projects 2026 total revenues between $2B and $2.03B, with same shop sales growth of 3% to 5%. Adjusted EBITDA is estimated at $355M to $365M, impacted by elevated coffee costs.
Bullish
Dutch Bros delivered robust Q4 2025 revenue and same shop sales growth, alongside significant net income and Adjusted EBITDA increases. The company remains confident in its strategic expansion and brand strength.
Bearish
Dutch Bros faced decreased company-operated gross profit and contribution margins in Q4 2025. The company also anticipates continued impact from elevated coffee costs in its 2026 Adjusted EBITDA guidance.