Dutch Bros Inc. reported significant financial growth in its latest quarterly filing, with total revenues reaching $355.2 million for the three months ended March 31, 2025, a 29.1% increase from $275.1 million in the same period last year. The company's net income also rose to $22.5 million, compared to $16.2 million in the prior year, resulting in a diluted earnings per share of $0.13, up from $0.08. This performance reflects the company's ongoing expansion and operational improvements, particularly in its company-operated shops segment, which generated $326.4 million in revenue, a 31.6% increase year-over-year.
The company experienced a notable increase in its shop count, with a total of 1,012 locations across 18 states as of March 31, 2025, marking a 15.5% growth from the previous year. This expansion included 25 new company-operated shops and five new franchised locations. The average unit volume (AUV) for systemwide shops was reported at $2,026, with company-operated shops achieving an AUV of $1,950. Same-shop sales increased by 6.9% for company-operated locations, driven by a combination of higher ticket prices and increased customer transactions.
Operationally, Dutch Bros has made strategic adjustments to address rising labor costs due to minimum wage increases in several states, including California, where the minimum wage rose to $20 per hour. The company has implemented price adjustments and operational efficiencies to mitigate these impacts. Additionally, Dutch Bros has undertaken a significant organizational realignment, relocating a portion of its support staff to Phoenix, Arizona, which has incurred approximately $19.1 million in associated costs. This restructuring is aimed at enhancing operational support and efficiency.
In terms of financial health, Dutch Bros reported cash and cash equivalents of $316.4 million as of March 31, 2025, an increase from $293.4 million at the end of the previous year. The company’s long-term debt stood at $284.2 million, with no amounts outstanding on its revolving credit facility. The company has also amended its credit facility to increase borrowing capacity to $650 million, which provides additional liquidity for future growth initiatives. Looking ahead, Dutch Bros anticipates continued revenue growth driven by new shop openings and increased customer engagement, while remaining vigilant to macroeconomic factors that could impact consumer spending.
About Dutch Bros Inc.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.