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Black Rock Coffee Bar Announces Participation in the Morgan Stanley Global Consumer & Retail Conference
Globenewswire· 2025-11-25 13:00
Core Insights - Black Rock Coffee Bar, Inc. will participate in the Morgan Stanley Global Consumer & Retail Conference on December 2, 2025, in New York, NY, including 1x1 meetings and a fireside chat at 3:00 p.m. EST [1] - A live webcast of the fireside chat will be available on the investor relations section of Black Rock Coffee Bar's website [2] Company Overview - Black Rock Coffee Bar is a high-growth operator of guest-centric, drive-thru coffee bars, offering premium caffeinated beverages and an elevated in-store experience [3] - Founded in 2008 in Beaverton, Oregon, Black Rock Coffee Bar has grown from a single 160 square foot coffee bar to one of the fastest-growing beverage companies in the U.S. by revenue [3] - The company is the largest fully company-owned coffee retailer in the country, with over 170 locations across seven states, from the Pacific Northwest to Texas [3]
Black Rock Coffee Bar, Inc. Reports Third Quarter 2025 Results
Globenewswire· 2025-11-11 21:05
Core Insights - Black Rock Coffee Bar reported a total revenue growth of 24.2% year over year, reaching $51.5 million for the third quarter of 2025 [6][18] - Same store sales increased by 10.8% year over year, indicating strong performance across existing locations [2][6] - The company opened 11 new stores in the third quarter, contributing to its expansion strategy [2][6] Financial Performance - Total revenue for the third quarter was $51.5 million, up from $41.5 million in the same period last year [6][18] - The company experienced a net loss of $16.2 million compared to a net loss of $0.7 million in the prior year period [6][18] - Store-level profit increased to $15.2 million from $11.7 million year over year, reflecting improved operational efficiency [6][18] Balance Sheet & Liquidity - As of September 30, 2025, the company had cash and cash equivalents of $32.6 million and total term debt of $18.9 million [5][20] - The company repaid $30 million under its $50 million term loan facility, leaving $20 million outstanding [5][20] Initial Public Offering - Black Rock Coffee Bar successfully closed its IPO on September 15, 2025, raising approximately $306.5 million from the sale of 16,911,764 shares at $20.00 per share [4][6] Future Outlook - For the full year 2025, the company expects total revenue in the range of $199 to $200 million and same store sales growth in the high-single digits [7][6] - The company plans to open 30 new stores in 2025, further expanding its market presence [7][6] Key Performance Metrics - The average unit volume for stores was $1,260, an increase from $1,168 year over year [23] - The store-level profit margin improved to 29.6% from 28.1% in the previous year [23][27]
Black Rock Coffee Bar Announces Third Quarter 2025 Conference Call
Globenewswire· 2025-10-22 12:00
Core Viewpoint - Black Rock Coffee Bar, Inc. is set to host a conference call on November 11, 2025, to discuss its third quarter 2025 financial results [1]. Company Overview - Black Rock Coffee Bar is a rapidly growing operator of guest-centric, drive-thru coffee bars, offering premium caffeinated beverages and an enhanced in-store experience [4]. - Founded in 2008 in Beaverton, Oregon, the company has expanded from a single 160 square foot coffee bar to over 150 locations across seven states, making it the largest fully company-owned coffee retailer in the United States [4].
Black Rock Coffee Bar Announces Closing of Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares
Globenewswire· 2025-09-15 20:10
Group 1 - Black Rock Coffee Bar, Inc. has successfully closed its initial public offering (IPO) of 16,911,764 shares of Class A common stock at an IPO price of $20.00 per share, raising aggregate gross proceeds of $338.2 million before expenses [1] - The offering included the full exercise of the underwriters' option to purchase an additional 2,205,882 shares [1] - The company's Class A common stock is now listed on the Nasdaq Global Market under the ticker symbol "BRCB" [1] Group 2 - The registration statement for the offering was declared effective by the SEC on September 11, 2025, and a prospectus has been filed and is available on the SEC's website [2] - The offering is being conducted solely through the prospectus, which can be obtained from various financial institutions involved in the offering [2] Group 3 - Black Rock Coffee Bar is a high-growth operator of drive-thru coffee bars, offering premium caffeinated beverages and an enhanced in-store experience [4] - Founded in 2008 in Beaverton, Oregon, the company has grown from a single 160 square foot coffee bar to over 150 locations across seven states, making it the largest fully company-owned coffee retailer in the U.S. [4]
Black Rock Coffee Bar Announces Pricing of Initial Public Offering
Globenewswire· 2025-09-12 00:48
Group 1 - Black Rock Coffee Bar, Inc. has priced its initial public offering (IPO) at $20.00 per share for 14,705,882 shares of Class A common stock, with an option for underwriters to purchase an additional 2,205,882 shares [1] - The shares are expected to begin trading on the Nasdaq Global Market under the ticker symbol "BRCB" on September 12, 2025, with the offering closing on September 15, 2025 [2] - The registration statement for the offering was declared effective by the Securities and Exchange Commission on September 11, 2025, and the offering is available only through a prospectus [3] Group 2 - Black Rock Coffee Bar is a high-growth operator of drive-thru coffee bars, offering premium beverages and an enhanced in-store experience, founded in 2008 in Beaverton, Oregon [5] - The company has grown from a single 160 square foot coffee bar to over 150 locations across seven states, making it one of the fastest-growing beverage companies in the U.S. by revenue and the largest fully company-owned coffee retailer in the country [5]
Black Rock Coffee Bar Announces Launch of Initial Public Offering
Globenewswire· 2025-09-02 11:13
Company Overview - Black Rock Coffee Bar is a high-growth operator of guest-centric, drive-thru coffee bars offering premium caffeinated beverages and an elevated in-store experience crafted by engaging baristas [5] - Founded in 2008 in Beaverton, Oregon, it has grown from a single 160 square foot coffee bar to one of the fastest growing beverage companies in the U.S. by revenue, with over 150 locations across seven states [5] Initial Public Offering (IPO) Details - Black Rock Coffee Bar announced the launch of its initial public offering of 14,705,882 shares of Class A common stock, with an expected price range of $16.00 to $18.00 per share [1] - The company plans to grant underwriters a 30-day option to purchase an additional 2,205,882 shares at the IPO price, less underwriting discounts and commissions [1] Listing Information - The Class A common stock is expected to be listed on the Nasdaq Global Market under the ticker symbol "BRCB" [2] - J.P. Morgan, Jefferies, Morgan Stanley, and Baird are acting as lead book-running managers for the offering, with Stifel and William Blair as additional book-running managers [2]
Black Rock Coffee Bar Files Registration Statement for Proposed Initial Public Offering
Globenewswire· 2025-08-18 16:50
Core Viewpoint - Black Rock Coffee Bar, Inc. has filed a registration statement for a proposed initial public offering (IPO) of its Class A common stock, with details on the number of shares and pricing yet to be determined [1][4]. Company Overview - Black Rock Coffee Bar is a rapidly growing operator of guest-centric, drive-thru coffee bars, offering premium caffeinated beverages and an enhanced in-store experience [5]. - Founded in 2008 in Beaverton, Oregon, the company has expanded from a single 160 square foot coffee bar to over 150 locations across seven states, making it the largest fully company-owned coffee retailer in the U.S. [5]. IPO Details - The proposed IPO will be listed on the Nasdaq Global Market under the ticker symbol "BRCB" [2]. - J.P. Morgan, Jefferies, Morgan Stanley, and Baird are the lead book-running managers for the offering, with Stifel and William Blair as additional managers [2]. Regulatory Information - The registration statement has been filed with the SEC but is not yet effective, meaning that securities cannot be sold or offers accepted until it becomes effective [4].