Dutch Bros Inc. announced its fourth-quarter financial results after the market closed, revealing earnings of 7 cents per share and quarterly revenue of $342.8 million—both figures exceeding analyst forecasts. The company posted a notable increase in revenue compared to $254.12 million in the same period last year, reflecting strong performance amid its strategic expansion.
During the quarter, the company opened 32 new shops, with 25 being directly operated by Dutch Bros. These company-operated locations recorded revenues of $314.2 million, marking a 38.2% increase from $227.4 million recorded during the similar time frame in 2023. Highlights from the quarter included a 35% growth in overall revenue and an increase in system same-shop sales by 6.9%, with a 2.3% rise in same-shop transactions—the highest year-over-year increase in over two years.
The CEO of Dutch Bros, Christine Barone, expressed satisfaction with the quarter's results, emphasizing the strong performance as the year concluded on a high note. Looking ahead, Dutch Bros has forecasted its fiscal 2025 revenue to fall between $1.55 billion and $1.57 billion and plans to open at least 160 system shops. The positive sentiment surrounding the news is evident as shares rose by 22.86% after hours, closing at $79.36.