Dutch Bros acquires 65 new drive

Dutch Bros (BROS) shares fell about 20% this week after Q2 results. The company reported 32% sales and 34% net income growth, with same-shop sales up 5.8%, and raised 2026 sales guidance to about 29% growth. Investors reacted to higher capex guidance of $350 million to $370 million and a plan to acquire 65 Salad and Go locations.

Dutch Bros (NYSE:BROS) reported Q2 updates on expansion and costs. It opened 48 system shops and aims for 2,029 shops by 2029. The company expects higher coffee costs to pressure full-year results, with updated guidance including about 60 bps cost-of-goods pressure. It bought Phoenix-area franchise rights for $63.5M and agreed to acquire up to 65 Salad and Go sites.

Dutch Bros Coffee said, according to court documents and the company, it will buy 51 Salad and Go locations and related leases in Arizona and Nevada for $105 million, pending bankruptcy court approval. The deal follows Salad and Go’s Chapter 11 filing and abrupt closures after a cyclosporiasis outbreak. Dutch Bros shares (NYSE:BROS) fell over 13% after hours.

Dutch Bros agreed to pay $105 million for up to 65 Salad and Go sites in Arizona, Nevada, Texas, and Oklahoma, with conversions starting in 2027 and expected close in Q3, according to Dutch Bros. Salad and Go filed for bankruptcy and shut remaining units. Dutch Bros reported 1,225 shops and annual revenue over $1 billion in Q2, aiming for 2,029 locations by 2029.

Dutch Bros said it agreed to buy real estate for up to 65 Salad and Go locations in Arizona, Nevada, Oklahoma, and Texas, expecting to close in Q3 and convert sites next year. The deal supports its plan for 2,029 locations by 2029. Dutch Bros reported Q2 revenue of $550.9M, net income $51.6M, and same-store sales up 5.8%, but shares fell 12% after-hours.

Dutch Bros (NYSE:BROS) reported Q2 CY2026 revenue of $550.9 million, up 32.5% year over year, exceeding Wall Street estimates by 4.7%. Full-year revenue guidance was $2.12 billion at the midpoint, about 1.5% above estimates. GAAP EPS was $0.28, in line with consensus. Shares fell 7.8% to $59.26 after the report.