Filing Flows › Dutch Bros (BROS) › Guidance history
Dutch Bros (BROS) guidance history: what it guided and what it reported
Dutch Bros gave guidance in 12 earnings releases on file since Feb 21, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +1.8% against the guided midpoint. Its releases raised guidance 8 times and lowered it 3 times.
Revenue
Met or beat 2 of 2 periods (2 above, 0 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $2.0B (Feb 12, 2026) → raised $2.0B (May 6, 2026) → raised $2.1B (Aug 5, 2026) → reaffirmed $2.1B (Nov 4, 2026) | — | to be reported | — |
| FY2025 | $1.6B–$1.6B (Feb 12, 2025) → reaffirmed $1.6B–$1.6B (May 7, 2025) → raised $1.6B–$1.6B (Aug 6, 2025) → raised $1.6B (Nov 5, 2025) | $1.6B | above the range | +1.8% |
| FY2024 | $1.2B–$1.2B (Feb 21, 2024) → raised $1.2B–$1.2B (May 7, 2024) → raised $1.2B–$1.2B (Aug 7, 2024) → raised $1.3B–$1.3B (Nov 6, 2024) | $1.3B | above the range | +1.9% |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $270M–$290M (Feb 12, 2026) → reaffirmed $270M–$290M (May 6, 2026) → raised $350M–$370M (Aug 5, 2026) → raised $370M–$390M (Nov 4, 2026) | — | to be reported | — |
| FY2025 | $240M–$260M (Feb 12, 2025) → reaffirmed $240M–$260M (May 7, 2025) → reaffirmed $240M–$260M (Aug 6, 2025) → lowered $240M (Nov 5, 2025) | $241M (GAAP) | not judged | — |
| FY2024 | $270M–$290M (Aug 7, 2024) → lowered $245M–$265M (Nov 6, 2024) | $222M (GAAP) | not judged | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $355M–$365M (Feb 12, 2026) → raised $370M–$380M (May 6, 2026) → raised $385M–$390M (Aug 5, 2026) → lowered $380M (Nov 4, 2026) | — | to be reported | — |
| FY2025 | $265M–$275M (Feb 12, 2025) → reaffirmed $265M–$275M (May 7, 2025) → raised $285M–$290M (Aug 6, 2025) → lowered $285M (Nov 5, 2025) | — | — | — |
| FY2024 | $195M–$205M (May 7, 2024) → raised $200M–$210M (Aug 7, 2024) → raised $215M–$220M (Nov 6, 2024) | — | — | — |
The latest quarter
Dutch Bros, Q3 2026: revenue $550M (+30% year over year), operating margin 9.6%, net earnings $27.2M, operating cash flow $100M. The chart follows the revenue to costs, profit and cash.
Questions
Does Dutch Bros beat its guidance?
Dutch Bros gave guidance in 12 earnings releases on file since Feb 21, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +1.8% against the guided midpoint.
How often does Dutch Bros raise guidance?
Its earnings releases raised guidance 8 times and lowered it 3 times since Feb 21, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.