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Investing.com -- Dutch Bros Inc. (NYSE:BROS), a rapidly expanding quick-service beverage chain, reported robust first-quarter results that exceeded analyst expectations, but saw its shares slip 1% as full-year guidance fell short of estimates.
The company posted adjusted earnings per share of $0.14 for Q1 2025, surpassing the analyst consensus of $0.11. Revenue climbed 29.1% YoY to $355.2 million, beating the $343.57 million estimate and up from $275.1 million in the same quarter last year.
System-wide same-shop sales grew 4.7% YoY, with company-operated locations seeing a 6.9% increase. Both metrics included positive transaction growth, indicating strong customer demand.
Despite the strong quarter, Dutch Bros shares dipped 1% following the earnings release, likely due to full-year revenue guidance that came in below analyst expectations. The company projects FY2025 revenue between $1.555 billion and $1.575 billion, compared to the consensus estimate of $1.584 billion.
CEO Christine Barone expressed confidence in the company’s performance, stating, "We delivered exceptional results in the first quarter, starting 2025 on a high note with continued momentum. Our brand continues to resonate with our customers, giving us confidence that our foundational transaction drivers are working and propelling us forward."
Dutch Bros opened 30 new shops in Q1, including 25 company-operated locations, across 11 states. The company maintains its target of at least 160 new system-wide shop openings for 2025.
CFO Josh Guenser noted that 2025 total revenues, same-shop sales growth, and adjusted EBITDA are trending towards the top half of previously provided ranges, suggesting potential for stronger performance as the year progresses.
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