Dutch Bros' second quarter revenue grew 32% as strong same-shop sales prompted a raised full-year 2026 outlook.

Dutch Bros reported second quarter 2026 revenue of $550.9 million, an increase of 32.5% year-over-year, beating analyst estimates. The company posted a diluted EPS of $0.28. The strong performance was driven by robust same-shop sales growth, leading management to raise its full-year guidance for revenue, same-shop sales, and adjusted EBITDA.

Key Highlights

• Systemwide same-shop sales grew 5.8%, exceeding expectations of 5.0%, while company-operated same-shop sales increased by an even stronger 8.3%.
• The company raised its full-year 2026 revenue guidance to a range of $2.1 billion to $2.13 billion and lifted its system same-shop sales growth forecast to between 5% and 6%.
• Dutch Bros opened 48 new shops during the quarter and announced an agreement to acquire up to 65 Salad and Go locations to support future expansion.