Dutch Bros Tightens Cost Controls: Are Margin Gains Sustainable?

Key Takeaways Dutch Bros' Q2 adjusted EBITDA rose 37% to $89M, outpacing 28% revenue growth.Lower dairy costs and leaner staffing drove a 30-bps rise in Q2 shop contribution margins.BROS sees Q3 margins easing to 28.5% as input inflation and expansion costs return.Dutch Bros Inc. (BROS) is placing increasing emphasis on profitability discipline as operating efficiency becomes a defining feature of its next growth phase. In the second quarter of 2025, the company reported adjusted EBITDA of $89 million, repr ...