Dutch Bros shares fell 19% on August 6 following its second-quarter earnings release, despite reporting 32.5% year-over-year revenue growth and a 40% increase in diluted earnings per share. The company opened 48 new stores during the quarter and plans to add 185 net new locations in 2026, targeting 2,029 shops by 2029. Systemwide same-store sales rose 5.8%, extending a 19-year streak of positive growth. Analysts project revenue to grow at a 27% compound annual rate through 2028, with adjusted diluted EPS rising 28% annually.
