Dutch Bros reported Q1 adjusted EPS $0.16, topping consensus $0.15 by $0.01.
Revenue rose 30.8% YoY to $464.4 million, beating the $449.37 million estimate.
Full‑year 2026 revenue guidance lifted to $2.05‑$2.08 billion; adjusted EBITDA outlook raised to $370‑$380 million, with at least 185 new stores planned.
Shares fell 3% despite results; opened 41 new shops (33 company‑operated) and saw 8.3% same‑shop sales growth, including 5.1% transaction growth.