Dutch Bros Raises 2026 Outlook as Traffic and Expansion Accelerate
Adjusted EBITDA guidance for 2026 increases to $385–$390 million from $370–$380 million as revenues of $550.9 million beat consensus by 5.1% and rose 32.5% year over year. Company-operated same-shop sales climbed 8.3% on higher transactions and ticket, with systemwide same-shop sales up 5.8%. Dutch Bros expects 185+ system shop openings in 2026 after opening 48 in Q2.