Dutch Bros raises FY25 revenue view to $1.59B-$1.60B, consensus $1.59B

Prior guidance was “top end of $1.555B-$1.575B. The company also guides FY25: Same shop sales growth is now expected to be approximately 4.5% vs. 2%-4% prior. Adjusted EBITDA is now estimated to be between $285 million and $290 million vs. prior guidance of $265M-$275M. Dutch Bros (BROS) affirms FY25: Total system shop openings in 2025 are estimated to be at least 160. Capital expenditures are estimated to be between $240 million to $260 million.