Dutch Bros ‘sees 2025 revenue trending toward top end of prior guidance’

The company states: “Given the strong performance in the first quarter and continued momentum into the second quarter, 2025 total revenues, system same shop sales growth and adjusted EBITDA are trending towards the top half of the previously communicated ranges below: Total revenues are estimated to be between $1.555 billion and $1.575 billion, consensus $1.58B. Same shop sales1 growth is estimated to be in the range of 2% to 4%. Adjusted EBITDA is estimated to be between $265 million and $275 million, which assumes the impact of elevated coffee costs, partially offset by approximately 90 basis points of Adjusted SG&A leverage year-over-year. Total system shop openings in 2025 are estimated to be at least 160. Capital expenditures are estimated to be between $240 million to $260 million.”