Dutch Bros Shares Drop 25% Amid Record Sales
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- Dutch Bros stock fell nearly 25% in the first three months of 2026.
- Dutch Bros reported Q4 revenue of $443.6 million, up 29% year‑over‑year and the fastest growth in almost a year.
- Dutch Bros posted Q4 earnings per share of $0.17, a 143% increase from the prior year.
- Dutch Bros achieved a record average unit volume of $2.1 million in 2025, surpassing Starbucks ($1.8 million) and Dunkin ($1.4 million).
- Dutch Bros plans to expand from 1,136 locations to 2,029 by 2029, adding 181 new stores in 2026.
- Dutch Bros trades at a 74‑times earnings multiple but has a PEG ratio of 0.87, suggesting undervaluation by a traditional metric.
Why it matters: Investors who buy now stand to benefit from the low PEG ratio and strong unit economics, and the article asserts they will be very happy three to five years from now. The stock’s 74‑times earnings multiple and 25% price decline also create a valuation gap as the chain targets 2,029 locations by 2029.
