Dutch Bros 2025 Q2 Earnings Strong Performance as Net Income Surges 73.1%

Dutch Bros(BROS) reported its fiscal 2025 Q2 earnings on Aug 07th, 2025. The company exceeded expectations with robust revenue growth and raised its full-year guidance, reflecting strong operational performance and momentum.

Dutch Bros reported total revenue of $415.81 million in Q2 2025, a 28.0% year-over-year increase driven by growth across both company-operated and franchising segments. Company-operated shops were the primary growth engine, contributing $380.50 million in revenue, a 28.9% increase from the prior year. Franchising and other segments added $35.31 million, complementing the overall expansion. The performance underscores the company’s strong market presence and effective execution.

Earnings per share (EPS) climbed 66.7% to $0.20 in Q2 2025, compared to $0.12 in the same period last year. The company’s net income surged by 73.1% to $38.36 million, setting a new record for fiscal Q2 net income. The significant earnings growth demonstrates Dutch Bros’ improving profitability and operational efficiency.

The stock price of Dutch Bros has edged down 0.45% during the latest trading day, has dropped 3.80% during the most recent full trading week, and has tumbled 13.06% month-to-date.

Following the earnings release, the strategy of buying BROS when earnings beat and holding for 30 days returned 17.80%, underperforming the benchmark’s 38.70% return. This resulted in an excess return of -20.89% and a Sharpe ratio of 0.07, indicating a moderate risk-adjusted return. The strategy saw a maximum drawdown of 0.00% and experienced high volatility of 67.55%, suggesting significant price swings during the backtest period.

Christine Barone, Chief Executive Officer and President, highlighted Dutch Bros’ strong second-quarter performance, emphasizing growth driven by a focused strategy, execution, and team contributions. The company achieved 28% year-over-year revenue growth, 6.1% systemwide same shop sales growth, and 7.8% company-operated same shop sales growth. Transaction growth of 3.7% underscored the success of transaction-driving initiatives. Barone expressed optimism about the full-year trajectory and raised guidance for total revenues, same shop sales growth, and adjusted EBITDA, citing continued momentum and positive July results.

The company raised 2025 total revenue guidance to a range of $1.59 billion to $1.60 billion, with same shop sales growth now expected at approximately 4.5%. Adjusted EBITDA guidance increased to between $285 million and $290 million. Total system shop openings for 2025 remain projected at least 160, and capital expenditures are expected to range between $240 million and $260 million.

Additional News

On August 8, 2025, Dutch Bros shares surged 21.76% to close at $70.27 after the company delivered better-than-expected Q2 2025 results and raised its full-year guidance. The coffee chain reported revenue of $415.8 million, up 28% year-over-year, with same shop sales increasing 6.1% systemwide and 7.8% at company-operated locations. The growth was driven by a 3.7% rise in transactions. Net income climbed to $38.4 million from $22.2 million the prior year, while adjusted EBITDA increased by 36.6% to $89 million. Management also highlighted the opening of 31 new shops, 30 of which were company-operated, with gross margins improving to 24.3%. CEO Christine Barone expressed confidence in the company’s trajectory, citing strong operational momentum and transaction growth.