Overview
- Comparable sales rose 5.7% in Q3 as same-store transactions increased 4.7%, with company-owned shops up 7.4% on a 6.8% transaction gain.
- Hot breakfast was live in 160 shops and delivered an estimated 4% comp lift where offered, with a full rollout targeted by the end of 2026 despite about 285 older units lacking food-prep space.
- The company plans roughly 175 new shops in 2026 and reaffirmed a goal of 2,029 locations by 2029.
- Dutch Bros opened 38 shops in Q3 across 17 states, entered five new states, and ended the quarter with 1,081 locations in 24 states, including 759 company-owned.
- Order-ahead accounted for about 13% of transactions and rewards members for 72%, while Placer.ai data showed visits up 8.8% year over year as Starbucks and Dunkin' saw declines; shares fell after earnings before rebounding.