Can Dutch Bros Navigate Front-Loaded Cost Pressure in 2026?

Key Takeaways BROS expects about 80 bps full-year COGS pressure, led by a 200 bps hit in Q1.Coffee costs stayed elevated in 2025, with pricing impacts lagging two to three quarters.Dutch Bros sees occupancy costs rising in 2026 as build-to-suit leases expand to 45% mix.Dutch Bros Inc. (BROS) reported beverage, food and packaging costs of 27% of company-operated shop revenues in the fourth quarter of 2025, representing an increase of 160 basis point year over year. The company stated that coffee costs remain ...