New York, February 12, 2026, 19:11 EST — After-hours
- BROS surged 12.3% after the bell, reversing a 5.0% drop at the close to $50.82
- Fourth-quarter revenue climbed 29% to $443.6 million, with same-shop sales up 7.7%.
- The company is projecting 2026 revenue in the range of $2.0 billion to $2.03 billion, planning no fewer than 181 new shop openings that year.
Dutch Bros shares reversed course and rallied in after-hours trading Thursday, jumping 12.3% to $57.07. The drive-thru coffee chain reported solid quarterly earnings and put its 2026 goals on the table. Earlier, BROS had wrapped up the regular session down 5.0% at $50.82.
Growth expectations shape the way this stock trades — guidance and customer numbers weigh just as heavily as the latest quarterly results. What investors care about right now: Can Dutch Bros continue rolling out new locations and protect margins, given coffee and labor costs remain in flux this year?
Shares had already fallen roughly 17% this year heading into earnings, setting the stage for an outsized reaction to any unexpected numbers. Thursday’s after-hours surge was a reminder: sentiment can turn on a dime when results land.
Dutch Bros reported a 29.4% jump in fourth-quarter revenue, hitting $443.6 million, with systemwide same-shop sales up 7.7% from locations operating at least 15 months. Net income landed at $29.2 million, while adjusted EBITDA shot up 48.8% to $72.6 million. By the end of 2025, the company counted 1,136 locations in 25 states. Looking ahead to 2026, Dutch Bros is calling for revenue between $2.0 billion and $2.03 billion, same-shop sales growth in the 3% to 5% range, and adjusted EBITDA of $355 million to $365 million. Capital expenditures are projected at $270 million to $290 million, with at least 181 new shops planned. CEO Christine Barone pointed to “the right energy and the right strategy,” as CFO Josh Guenser described confidence in the 2,029-shop target by 2029 as “never been higher.” SEC
Adjusted earnings clocked in at 17 cents per share—well ahead of the 9-cent consensus from analysts. Revenue also beat, clearing the $423.79 million mark, data from Investing.com show. As for 2026, analysts have set revenue expectations at roughly $2.04 billion, just nudging past Dutch Bros’ own forecast range.
Despite the beat, the spotlight’s on guidance—and Dutch Bros’ same-shop sales range signals a slower momentum than in the fourth quarter. This figure carries weight since it hinges on traffic and ticket size, rather than simply how many new shops open.
Barone told analysts on the earnings call that mobile orders accounted for 14% of transactions in the fourth quarter. The company projects first-quarter same-shop sales growth in the 4% to 6% range. She added that moving to build-to-suit leases has trimmed capital spending per location, noting, “we are really seeing great real estate availability.” The Motley Fool
Dutch Bros doesn’t have Starbucks’ scale, but its rapid expansion and drive-thru setup put it squarely on the radar for coffee-focused investors. The catch: shares often swing with the whole restaurant and consumer sector, not just on Dutch Bros’ own results.
Coffee prices are volatile, and wage demands don’t pause for tidy narratives. A dip in foot traffic or weaker-than-expected results from new locations? Margins feel the squeeze fast, and that growth story can flip overnight.
All eyes now turn to whether that after-hours pop survives the next session’s bell—and to how analysts stack up the 2026 guidance versus current valuations. Looking ahead to next week, traders are set to zero in on the same pair of metrics: transaction momentum and store openings.
Friday, Feb. 13, brings the next move: BROS returns to regular trading hours, with full-day volume hitting the tape.
