New York, February 13, 2026, 16:15 EST — After-hours
- Dutch Bros shares ended higher after a sharp gap-up open and late fade.
- Fresh results and a 2026 outlook put same-shop sales and costs back in focus.
- Attention turns to Tuesday’s session after a Monday market holiday.
Dutch Bros Inc shares closed up 4.7% on Friday at $53.19, after an early pop that pushed the stock as high as $60.33. The stock opened at $58.00 versus a prior close of $50.82, then slid as low as $49.96 before bouncing.
The Tempe, Arizona-based drive-thru beverage chain late Thursday reported fourth-quarter revenue of $443.6 million, up 29.4% from a year earlier, and net income of $29.2 million. System same-shop sales rose 7.7% in the quarter; Dutch Bros opened 55 new shops and ended 2025 with 1,136 locations, with average unit volumes — annual sales per shop — of $2.1 million for the year. The company forecast 2026 revenue of about $2.0 billion to $2.03 billion, same-shop sales growth of 3% to 5% and adjusted EBITDA, a non-GAAP cash-profit proxy, of $355 million to $365 million; it pegged capital spending at $270 million to $290 million and expected at least 181 system shop openings, and CEO Christine Barone said the year “reinforced our well-defined path of sustainable, profitable growth” while CFO Josh Guenser said “Our confidence in delivering our goal of 2,029 shops in 2029 has never been higher …” (SEC)
Same-shop sales — a read on demand at existing locations — matter for Dutch Bros because most of its growth still comes from opening stores. With another year of heavy expansion planned, investors are trying to separate new-unit growth from underlying traffic.
A filing on Friday showed Dutch Bros filed its annual report for the year ended Dec. 31, 2025. Those documents can add detail on store economics, lease obligations and other moving parts that feed into profit assumptions. (SEC)
RBC Capital Markets cut its price target on Dutch Bros to $75 from $80 but kept an Outperform rating, pointing to input cost pressure and a shift toward build-to-suit sites. The broker flagged an EBITDA margin decline of about 60 basis points this year, or 0.6 percentage point. (Investing)
In the wider market backdrop, investors also digested the January U.S. consumer price index, which rose 0.2% on the month, the Labor Department said on Friday. Inflation surprises can quickly shift the tone for rate-sensitive growth stocks, and Dutch Bros has been trading in that slipstream. (Bureau of Labor Statistics)
But the stock’s early surge and pullback show how quickly sentiment can flip when guidance meets a high bar. If coffee and labor costs stay stubborn or new-shop returns soften, the path to the company’s 2026 profit targets could narrow.
Next up, the U.S. market takes a break on Monday for Washington’s Birthday, and BROS will next trade on Tuesday, Feb. 17. Investors will be watching whether the stock holds onto its post-earnings gains as more analysts update 2026 forecasts and targets. (Nyse)
