Dutch Bros reports Q2 EPS 20c, consensus 18c

Reports Q2 revenue $415.8M, consensus $403.6M. Systemwide same shop sales increased 6.1% and systemwide same shop transactions increased 3.7% relative to the same period in 2024. Company-operated same shop sales1 increased 7.8% and company-operated same shop transactions increased 5.9% relative to the same period of 2024. Christine Barone, CEO stated, “Our business continues to fire on all cylinders, guided by a focused strategy, strong execution, and our amazing people. The momentum in our business remains strong, and our second quarter results were outstanding across multiple fronts. We delivered revenue growth of 28%, system same shop sales growth of 6.1%, and company-operated same shop sales growth of 7.8%. Our transaction driving initiatives are working in unison, with same shop sales growth primarily driven by transaction growth of 3.7%, marking yet another consecutive quarter of transaction growth. Our confidence in the year’s trajectory continues to grow, reinforced by the strong performance we have seen so far this year and through July. Based on these outstanding results and our strengthened conviction in our full-year performance, I am pleased to announce that we are raising our full-year guidance for total revenues, same shop sales growth, and adjusted EBITDA.”