
Dutch Bros reported Q3 revenue of $423.6M, beating estimates of $413.58M, and adjusted EPS of $0.19, exceeding estimates of $0.17, while raising full-year revenue guidance to $1.61B-$1.615B and same-shop sales growth to approximately 5%.
Bullish
The company continues to see consistently long lines and strong customer demand as it expands into the Midwest and Southeast, underscoring the broad appeal and portability of its brand across diverse geographies.
Bearish
Coffee costs are expected to remain elevated into 2026, impacting margins.