NYSE$BROS
Dutch Bros Inc. · Q1 2025 earnings
Q1 2025 earnings · · After market close · Investor relations
Briefing
Dutch Bros reported Q1 2025 revenue of $355.2M with net income of $9.2M.
Revenue was $355.2 million for the quarter ended March 31, 2025, reflecting new shop openings and same-shop sales growth. Net income was $9.2 million as the company balanced expansion capex with unit economics. Traffic, average check, and labor costs remain key margin drivers.
- Q1 revenue $355.2M; net income $9.2M.
- Drive-through format and new unit growth support top line.
- Commodity and labor inflation affect store margins.
- Franchise and company-operated mix shapes profitability.
Headline financials
Revenue & EPS history
Dutch Bros · Revenue · Quarterly
$355M
Revenue by segment
Dutch Bros · $265M total across 2 segments · Q3 2023
- Company-operated shops$236M+36.3%89.4%
- Franchising and other$28M+11.5%10.6%
Forward guidance
Consumer and media companies cite traffic, pricing, and cost inflation in outlook commentary.
Tailwinds
- Unit growth and mix improvements support sales.
- Cost programs can expand margins when executed.
Headwinds
- Consumer softness and labor costs pressure profitability.
- Marketing and commodity inflation remain headwinds.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2025
+1.6%
Avg return
Earnings day
+3.5%
Avg return
5 days after
+3.0%
Avg return
30 days after
61%
11 / 18 earnings
Positive
+33.1%
Q3 2024
Best reaction
-38.5%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -9.2% | -14.2% | -6.0% | |
| Q4 2025 | +4.7% | +5.1% | -6.9% | |
| Q3 2025 | -4.2% | +0.8% | +5.2% | |
| Q1 2025 | +8.9% | +18.6% | +23.4% | |
| Q4 2024 | +29.1% | +31.9% | -3.4% | |
| Q3 2024 | +33.1% | +44.0% | +64.0% | |
| Q2 2024 | -19.9% | -22.8% | -15.6% | |
| Q1 2024 | +12.1% | +27.1% | +36.2% | |
| Q4 2023 | +1.0% | +6.2% | +23.7% | |
| Q3 2023 | +1.1% | +3.5% | +3.6% | |
| Q2 2023 | +18.2% | +19.4% | -4.0% | |
| Q1 2023 | -11.5% | -19.4% | -6.3% | |
| Q4 2022 | -8.9% | -12.1% | -23.3% | |
| Q3 2022 | +10.7% | +2.3% | +0.2% | |
| Q2 2022 | +8.9% | +10.9% | -12.9% | |
| Q1 2022 | -38.5% | -37.5% | -15.7% | |
| Q4 2021 | -8.3% | +2.4% | +14.6% | |
| Q3 2021 | +2.2% | -3.1% | -22.1% | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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