Q1 25 EPS
$0.14
BEAT +33.97%
Est. $0.10
Q1 25 Revenue
$355.2M
BEAT +3.40%
Est. $343.5M
vs S&P Since Q1 25
-16.3%
TRAILING MARKET
BROS +13.4% vs S&P +29.8%
Market Reaction
Did BROS Beat Earnings? Q1 2025 Results
Dutch Bros kicked off 2025 with a standout quarter, posting earnings per share of $0.14 against a consensus estimate of $0.10, a beat of nearly 34%, while revenue climbed 29.1% year over year to $355.15 million, edging past the $343.48 million Wall S… Read more Dutch Bros kicked off 2025 with a standout quarter, posting earnings per share of $0.14 against a consensus estimate of $0.10, a beat of nearly 34%, while revenue climbed 29.1% year over year to $355.15 million, edging past the $343.48 million Wall Street had expected. The Oregon-based drive-through coffee chain's growth story remains firmly intact, powered by 30 new shop openings in the quarter that pushed its total system count to 1,012 locations across 18 states. Perhaps more telling than unit expansion, system same-shop sales grew 4.7%, with company-operated locations running even hotter at 6.9%, supported by positive transaction growth that management views as a reliable signal of deepening customer loyalty. Dutch Rewards penetration reached 71.8% of total transactions, up from 66.5% a year ago. Net income rose to $22.48 million from $16.21 million in the prior-year period, and adjusted EBITDA expanded 19.7% to $62.91 million. With momentum carrying into the second quarter, management said 2025 revenues, same-shop sales growth, and adjusted EBITDA are all trending toward the top half of guidance, which calls for full-year revenue between $1.56 billion and $1.58 billion.
Key Takeaways
- • 29.1% total revenue growth driven by new shop openings and same shop sales growth
- • System same shop sales growth of 4.7% with positive transaction growth of 1.3%
- • Company-operated same shop sales growth of 6.9% with 3.7% transaction growth
- • Dutch Rewards loyalty penetration increased to 71.8% of total transactions from 66.5% year-over-year
- • Systemwide AUV increased to $2.026 million from $1.995 million
- • Beverage, food and packaging cost ratio improved to 25.0% from 25.7%
BROS YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
BROS Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our business continues to operate from a position of strength, and we are well-positioned to thrive in this dynamic environment. The enthusiasm for our brand, the loyalty of our customers, the passion of our team and a clear vision for our future give us great confidence.”
— Christine Barone, Q1 2025 Earnings Press Release
BROS Earnings Trends
BROS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BROS EPS Trend
Earnings per share: estimate vs actual
BROS Revenue Trend
Quarterly revenue: estimate vs actual
BROS Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.15 | $0.16 | +3.29% | $464.4M | +3.30% |
| Q4 25 BEAT FY | $0.10 | $0.17 | +73.82% | $443.6M | +4.42% |
| FY Full Year | $0.68 | $0.64 | -5.84% | $1.64B | +1.16% |
| Q3 25 BEAT | $0.17 | $0.19 | +11.44% | $423.6M | +2.41% |
| Q2 25 BEAT | $0.18 | $0.26 | +46.56% | $415.8M | +3.03% |
| Q1 25 BEAT | $0.10 | $0.14 | +33.97% | $355.2M | +3.40% |