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Dutch Bros Inc. Class A (BROS)
NYSE:BROS
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.15Last Year’s EPS
0.14Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong top-line growth, record shop economics (record AUV), robust new shop productivity, significant adjusted EBITDA expansion, strong liquidity, and progress on loyalty, digital, and food/CPG initiatives. The major near-term headwinds are elevated coffee costs and some margin pressure (notably in Q1 2026) and limitations on full food-program rollout in legacy shops. Management provided confident 2026 guidance with continued unit growth and profitable scaling, while acknowledging temporary cost pressures.Company Guidance
Adjusted EBITDA Expansion
Adjusted EBITDA increased 31% for full-year 2025 to $303,000,000, outpacing revenue growth; Q4 adjusted EBITDA was $73,000,000, up 49% year-over-year.
Same Shop Sales and Transaction Momentum
Full-year system same shop sales grew 5.6% with transaction growth of 3.2% for the year; Q4 system same shop sales grew 7.7% with standout transaction growth of 5.4%. Company-operated same shop sales in Q4 rose 9.7% (7.6% transaction growth).
Rapid Unit Growth and Lower CapEx per Shop
Opened 154 new shops in 2025 (16% system growth), bringing the system to 1,136 shops. Average CapEx per shop in the quarter declined to $1,300,000 from $1,800,000 in 2024.
Robust Liquidity and Cash Generation
Total liquidity of approximately $705,000,000 at 12/31/2025 ($269,000,000 cash and $435,000,000 undrawn revolver). Net cash position increased and company generated free cash flow for a second consecutive year.
Loyalty and Digital Adoption
Dutch Rewards surpassed 15,000,000 members, with ~72% of system transactions attributed to loyalty (up four points versus 2024). Order ahead reached ~14% mix of transactions in Q4.
Successful Food Program and Retail CPG Rollout
New food program expanded from 4 shops to over 300 shops across 11 states by year-end 2025, with early results suggesting ~4% comp lift in shops with the program. CPG products (creamers, pods, RTD) launched with encouraging initial reception.
Positive 2026 Financial Guide
2026 guidance: total revenues $2.00B–$2.03B (22%–24% growth), at least 181 shop openings, system same shop sales growth 3%–5%, adjusted EBITDA $355M–$365M, and capex $270M–$290M.
Strategic M&A and Market Entry
Acquisition of 20 Clutch Coffee Bar locations for ~$20,000,000 accelerates entry in the Carolinas with relatively low conversion capital required and is included in 2026 capex guidance.
Strong Revenue Growth
Total 2025 revenues grew 28% year-over-year to $1,640,000,000; Q4 2025 revenues were $444,000,000, up 29% year-over-year.
Record System AUV
System-wide AUVs reached a record $2,100,000, reflecting strong shop-level economics and elevated new shop productivity.
BROS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BROS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $50.82 | $53.20 | +4.68% |
Nov 05, 2025 | $55.56 | $53.22 | -4.21% |
May 08, 2025 | $64.45 | $63.43 | -1.58% |
May 07, 2025 | $59.22 | $64.45 | +8.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Dutch Bros Inc. Class A (BROS) report earnings?
Dutch Bros Inc. Class A (BROS) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Dutch Bros Inc. Class A (BROS) earnings time?
Dutch Bros Inc. Class A (BROS) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BROS EPS forecast?
BROS EPS forecast for the fiscal quarter 2026 (Q1) is 0.15.
