Dutch Bros (BROS) Q2 2025 Earnings
How Did BROS Stock React to Q2 2025 Earnings?
S&P 500 over the same 30 days: +2.86%.
Did BROS Beat Earnings? Q2 2025 Results
Yes. Dutch Bros reported Q2 2025 earnings of $0.26 a share on Aug 6, 2025, beating the $0.18 consensus estimate by 46.6%. Revenue was $415.8M against a $403.6M estimate.
Dutch Bros delivered a blowout second quarter of 2025, posting adjusted EPS of $0.26 against a consensus estimate of $0.18, a beat of 46.56%, while revenue climbed 28% year-over-year to $415.81 million, topping the $403.60 million consensus by 3.03%. The headline driver behind the strong result was genuine customer demand, with company-operated same-shop sales rising 7.8% on the back of a 5.9% surge in transactions, a signal that <a href="https://247wallst.com/investing/2025/08/06/live-will-dutch-bros-bros-soar-after-q2-earnings-today/">traffic growth is accelerating</a> even as broader consumer spending remains under pressure. The company added 31 new shops during the quarter to reach 1,043 total locations, while adjusted EBITDA grew 36.6% to $89.00 million and net income nearly doubled to $38.36 million from $22.16 million a year earlier. Analysts have noted that Dutch Bros is gaining meaningful market share at a moment when competitors are losing traffic. Management responded to the momentum by raising full-year guidance, now targeting revenues of $1.59 billion to $1.60 billion, same-shop sales growth of approximately 4.5%, and adjusted EBITDA of $285 million to $290 million.
- Systemwide same shop sales growth of 6.1% driven primarily by 3.7% transaction growth
- Company-operated same shop sales growth of 7.8% with 5.9% transaction increase
- Company-operated shops contribution margin increased 30 bps year-over-year to 31.1%
- SG&A leverage improved to 15.7% of revenue from 17.9% year-over-year
- Dutch Rewards loyalty penetration reached 71.6% of total transactions, up from 66.7%
- Opened 31 new shops across 13 states in Q2 2025
- Adjusted EBITDA margin expanded to 21.4% from 20.1%
“Our business continues to fire on all cylinders, guided by a focused strategy, strong execution, and our amazing people.”
Dutch Bros CEO, on the earnings call
What Was Dutch Bros's Outlook in Q2 2025?
Dutch Bros raised its full-year 2025 guidance: total revenues now projected between $1.59 billion and $1.60 billion (up from prior guidance); same shop sales growth now expected at approximately 4.5% (raised); Adjusted EBITDA now estimated between $285 million and $290 million (raised). The company maintained expectations for at least 160 total system shop openings and $240 million to $260 million in capital expenditures. Management expressed strong confidence in the trajectory, citing momentum continuing through July 2025.
BROS YoY Financials
| Metric | Q2 2025 | Q2 2024 | Year over year |
|---|---|---|---|
| Revenue | $415.8M | $324.9M | +28.0% |
| Gross Profit | $92.6M | $90.3M | +2.5% |
| Operating Income | $54.7M | $32.2M | +69.8% |
| Net Income | $38.4M | $11.9M | +221.3% |
BROS Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.