Dutch Bros Inc. (BROS) Form 8-K — Nov 4, 2026
Dutch Bros reported Q3 2026 revenue of $549.8 million, up 29.8% year-over-year, with net income of $37.2 million versus $27.3 million a year ago. Company-operated same shop sales grew 5.4% and Adjusted EBITDA rose 29.6% to $101.1 million, marking the 14th consecutive quarter of positive same shop sales. The company opened 48 new shops in the quarter, ending with 1,273 total locations, and completed the reacquisition of the Phoenix East Valley franchise consisting of 32 locations on July 27, 2026.
Key figures
- Eps
- 0.2
- Revenue
- 549839000
- Guidance
- 2026: revenue at least $2.1B, same shop sales growth at least 5%, Adjusted EBITDA ~$380M, capex $370-390M, 185+ system shop openings; 2027: approximately 250 system shop openings
- Net Income
- 37228000
- Revenue Yoy
- 29.8%
- Total Assets
- 3511053000
- Cash Position
- 194606000
- Shares Outstanding
- 137,941 thousand (weighted-average basic Class A shares, Q3 2026)
- Total shop count
- 1273
- Adjusted ebitda q3
- $101.1M (+29.6% YoY)
- New shops opened q3
- 48
- Systemwide sales q3
- $702.2M
- Systemwide same shop sales
- 4.4%
- Adjusted eps fully exchanged
- $0.25 vs $0.19 prior year
- Company operated same shop sales
- 5.4%
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