"Growth Accelerates Across the Board Dutch Bros' top and bottom lines both expanded significantly year over year. Revenue climbed 25.2% to $423.58M from $338.21M in Q3 2024, while net income more than doubled to $27.28M from $12.64M. Same-store sales growth reached 7.4% for company-operated locations and 5.7% across the system, demonstrating consistent traffic and transaction strength as the chain pushes deeper into new markets."
"One area worth watching: gross profit declined 8.5% year over year to $82.44M despite the 25% revenue surge. This suggests cost pressures in labor, commodities, or supply chain operations are offsetting top-line gains. Operating income did expand 27.6% to $41.49M, and adjusted EBITDA rose 22.3% to $78M, indicating that operational discipline and scale are helping offset some margin headwinds. Still, the gross profit decline deserves attention as the chain continues its aggressive expansion."
"The company opened 38 new shops during the quarter across 17 states, bringing its total footprint to 1,081 locations. CEO Christine Barone emphasized the durability of the model in her remarks: "Based on our results through the third quarter and the strength that has continued through October, we are raising our full-year guidance for total revenues and same shop sales growth, reflecting the confidence we have in the long-term durability of our model and the effectiveness of our transaction driving initiatives.""
Dutch Bros posted adjusted EPS of $0.19 and revenue of $423.58M, topping expectations and prompting an upward revision to full-year guidance. Revenue rose 25.2% year over year and net income more than doubled to $27.28M. Same-store sales increased 7.4% at company-operated locations and 5.7% systemwide, while the chain added 38 shops across 17 states to reach 1,081 locations. Gross profit declined 8.5% to $82.44M, suggesting cost pressures, even as operating income grew 27.6% to $41.49M and adjusted EBITDA climbed 22.3% to $78M.
Read at 24/7 Wall St.
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