Dutch Bros(US:BROS)2025-05-07 20:25Financial Performance - Total revenue for Q1 2025 reached $355.2 million, a 29% increase compared to $275.1 million in Q1 2024 [11] - Company-operated shop revenue increased to $326.4 million in Q1 2025 from $248.1 million in Q1 2024 [11, 20] - Adjusted EBITDA for Q1 2025 was $62.9 million, a 20% increase from $52.5 million in Q1 2024 [13] - Net income attributable to Dutch Bros Inc was $15.35 million in Q1 2025, compared to $7.06 million in Q1 2024 [36] Shop Growth - Total shop count increased to 1,012 in Q1 2025, up from 876 in Q1 2024, representing a 16% increase [10, 42] - Company-operated shops increased by 19% from 582 in Q1 2024 to 695 in Q1 2025 [10] - The company opened 25 new company-operated shops and 5 new franchised shops in Q1 2025 [42] Sales Metrics - Systemwide same shop sales increased by 4.7% in Q1 2025 [17, 42] - Company-operated same shop sales increased by 6.9% in Q1 2025 [17, 42] - Dutch Rewards transactions accounted for 71.8% of total transactions in Q1 2025, compared to 66.5% in Q1 2024 [42] Outlook - The company projects total system new shop openings of at least 160 for FY 2025 [26] - Revenue for FY 2025 is expected to be between $1.555 billion and $1.575 billion [26] - Same shop sales growth for FY 2025 is projected to be approximately 2% to 4% [26] - Adjusted EBITDA for FY 2025 is expected to be between $265 million and $275 million [26]