By Evie Liu

Dutch Bros stock leapt by double digits as the coffee chain's quarterly results came in strong, showing encouraging momentum in the drive-through beverage business.

For the quarter ended in December, total revenue rose 29.4% from a year ago to $443.6 million, while adjusted earnings came at 17 cents a share, up from seven cents last year. Analysts polled by FactSet had expected $425 million in sales and nine cents in adjusted EPS.

In after-hours trading, the stock was up 14% at $57.93.

Same-store sales gained 7.7% in the quarter as existing shops continued to attract more customers. The company also continued its expansion, opening 55 new shops in the fourth quarter across 17 states, pushing the total new openings in the full year to 154 shops.

CEO Christine Barone called the strong top-line performance "an unmistakable indicator of the magnetic strength of the Dutch Bros brand, " while CFO Josh Guenser noted increased confidence in meeting the company's long-term target of reaching 2,029 shops in 2029.

Management forecast 2026 revenue of between $2 billion and $2.03 billion, with same-store sales growing 3% to 5%. The company also plans to open at least 181 new shops in 2026.

Still, the stock has tumbled more than 20% over the past year. Investors have worried about slowing consumer demand and higher operational costs even though the company continued to open new stores and increase its revenue.

Some market participants have moved away from fast-growing stocks, especially those seen as expensive, as investors have become more cautious.

Write to Evie Liu at evie.liu@barrons.com

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February 12, 2026 17:09 ET (22:09 GMT)

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