Dutch Bros Q3 revenue rises 29.8% to $549.84M, net income up 55.2%

what happened

Dutch Bros posted third-quarter 2026 revenue of $549.84 million, up 29.8% from $423.58 million a year earlier. Net income attributable to the company rose 55.2% to $27.16 million, and diluted earnings per share reached $0.2 against $0.14.

Growth came from new and reacquired shops and a 4.4% rise in same-shop sales across the system. The chain operated 1,273 locations in 27 states, 17.8% more than a year earlier. Labor costs fell to 26.7% of company-operated revenue, down 80 basis points, helped by higher sales and pricing. TradingView cited the company's SEC 10-Q filing in its summary.

why it matters

For investors, the mix of faster revenue growth and lower labor costs points to better store-level leverage. Franchise gross profit, however, declined due to reacquisition effects and higher freight costs, a factor worth watching in coming quarters.

market impact

Dutch Bros shares: strong revenue and profit growth supports interest in the stock

• ▲Dutch Bros shares pressure up — revenue and profit growth above last year's levels supports investor interest

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