Dutch Bros Shares Fall 25% as Revenue Jumps 29%
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- Dutch Bros shares fell almost 25% in the first three months of 2026 despite strong earnings.
- Revenue for Q4 2025 rose 29% year‑over‑year to $443.6 million, the fastest growth rate in nearly a year.
- Earnings per share jumped 143% to $0.17 in Q4 2025.
- Same‑store sales grew 7.7% system‑wide, with company‑operated shops posting 9.7% sales growth and 7.6% transaction growth.
- Average unit volume hit a record $2.1 million in 2025, beating Starbucks ($1.8 million) and Dunkin Brands ($1.4 million).
- Location count stood at 1,136 stores, with a plan to add 181 locations in 2026 and reach 2,029 by 2029.
Why it matters: Investors who bought at the dip could capture upside as Dutch Bros’ robust same‑store sales and record unit volume suggest sustainable growth, while those holding before the decline see paper losses; the stock‑price gap underscores a short‑term market overreaction to macro concerns.
