Dutch Bros Q1 revenue up 31% to $464M; raises full-year guidance across all metrics

Dutch Bros Inc.

2026-Q1 EPS reported $0.13 revenue$464,412,000

Net income $23.7M vs $22.5M YoY; Adjusted EBITDA $79.4M, +26.2%.
System same shop sales +8.3%, transactions +5.1%; company-operated same shop sales +10.6%.
Opened 41 new shops (33 company-operated) in Q1.
FY 2026 guidance raised: revenue $2.05-2.08B, same shop sales +4-6%, Adj. EBITDA $370-380M, at least 185 openings.
Seventh consecutive quarter of transaction growth; strength across dayparts and markets.

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