Dutch Bros Q1 revenue up 29% to $355M; same-shop sales +6.9%; FY guidance trending to top half

Dutch Bros Inc.

2025-Q1 EPS reported $0.13 revenue$355,152,000

Revenue $355.2M (+29.1% YoY); net income $22.5M, diluted EPS $0.13.
System same-shop sales +4.7% (company-operated +6.9%); transactions +1.3% system.
Adjusted EBITDA $62.9M (+19.7% YoY); adjusted net income $0.14 per fully exchanged share.
Opened 30 new shops in Q1; FY 2025 guidance: revenue $1.555-$1.575B, at least 160 new shops.
Management says 2025 trends toward top half of guidance ranges.

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