NYSE$BROS
Dutch Bros Inc. · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Dutch Bros achieved strong Q4 growth with a 34.9% YoY increase in revenue and a swing to profitability with $6.37M in net income. Same shop sales rose, driven by increased transactions and strategic initiatives in marketing and loyalty programs.
Headline financials
Revenue & EPS history
Dutch Bros · Revenue · Quarterly
$343M
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
Dutch Bros expects continued revenue growth in 2025, supported by increased store openings, mobile ordering expansion, and potential food offerings. Adjusted EBITDA is expected to improve despite rising coffee costs.
Tailwinds
- Projected revenue between $1.555B - $1.575B (+21.4% YoY)
- Same shop sales expected to grow between 2% - 4%
- At least 160 new shop openings planned for 2025
- Mobile order and throughput initiatives expected to enhance transaction volume
- Adjusted EBITDA forecasted at $265M - $275M
Headwinds
- Rising coffee costs expected to impact margins
- Labor costs remain a potential headwind
- Expansion into food offerings introduces operational complexity
- Macroeconomic uncertainty may affect consumer demand
- Franchise revenue growth remains slower than company-operated segment
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 Q4 2024
+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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