The company maintained momentum in its first quarter, with growth driven by both transaction volume and strong same-shop performance as it continues to expand its footprint.
The drive-thru coffee chain reported better-than-expected first-quarter revenue and earnings. It also raised its full-year guidance and reaffirmed its commitment to long-term growth store growth.
“Our path to 2,029 shops in 2029 remains very clear,” Dutch Bros CEO Christine Barone said on the company’s earnings call. “This reflects the positive impact of our real estate pipeline work. Moving forward, we remain confident we can continue to accelerate our long-term shop openings as our market planning and real estate investments pay off.”
Barone added that Dutch Bros has no shortage of potential sites for new builds and also has a “healthy” pipeline of attractive conversion opportunities.
“These include sites from limited service operators, smaller emerging growth concepts and legacy beverage brands,” she told analysts.
Dutch Bros, which opened 41 new locations during the quarter, said it now expects to open “at least” 185 shops during fiscal 2026.
