Dutch Bros 2025 Q3 Earnings Beats Expectations with 25.2% Revenue Growth and 27.3% EPS Surge

Dutch Bros (BROS) reported fiscal 2025 Q3 earnings on Nov 6, 2025, . The company raised full-year revenue guidance to $1.61–$1.615 billion and same-shop sales growth to ~5%, reflecting strong operational momentum.

Revenue

Company-operated shops drove the majority of revenue, , while franchising and other segments added $30.75 million. Total revenue reached $423.58 million, . The performance underscores the effectiveness of transaction-focused initiatives and new shop productivity, .

Earnings/Net Income

, . .

Price Action

Post-earnings, the stock edged up 1.33% during the latest trading day but dropped 3.94% for the week. Month-to-date, , reflecting mixed short-term investor sentiment.

Post-Earnings Price Action Review

The strategy of buying Dutch Bros shares on the date of its earnings raise announcement and holding for 30 days delivered moderate returns but underperformed the broader market. While the 30-day holding period showed gains, volatility muted performance, with a 3-year CAGR of 8.5% trailing the S&P 500’s 15.5%.

CEO Commentary

CEO attributed the results to employee passion, transaction initiatives, and new shop productivity. She highlighted record-high systemwide AUVs and confidence in reaching 2,029 shops by 2029, aligning with raised full-year guidance.

Guidance

. Adjusted EBITDA guidance remains at $285–$290 million. The company plans 160 system shop openings in 2025 and 175 in 2026.

Additional News

Dutch Bros expanded into five new states in Q3, accelerating its shop opening cadence with 38 new locations. CEO Christine Barone emphasized the company’s “” culture, which drives customer loyalty and employee engagement. Analysts remain bullish, . The company also announced a broader rollout of its mobile app and rewards program, enhancing digital engagement.