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BROS’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 23.9%.
Trend in the Estimate Revision of BROS
The Zacks Consensus Estimate for third-quarter earnings per share (EPS) is pegged at 24 cents, indicating a rise of 26.3% from 19 cents reported in the year-ago quarter.
For revenues, the consensus mark is pegged at $549 million. The metric suggests a rise of 29.6% from the year-ago quarter’s figure.
Let us take a look at how things might have shaped up in the quarter to be reported.
Factors Likely to Shape BROS’ Quarterly Results
Dutch Bros’ third-quarter 2026 revenues are likely to have benefited from continued customer demand, menu innovation and expanding customer occasions. Management expects system same-shop sales growth of approximately 4-5% for the quarter, supported by continued traction across its sales-driving initiatives. The expanded food program is likely to have strengthened the morning daypart and customer frequency, while Myst Energy Refreshers may have supported beverage demand across multiple dayparts. However, tougher transaction comparisons, lower effective pricing and the lap of the initial food rollout are expected to have moderated comparable sales growth.
Strength in company-operated shop revenues and franchising and other revenues is expected to have driven the third-quarter top line. The Zacks Consensus Estimate for company-operated shop revenues is pegged at $514.6 million, up from $392.8 million reported in the prior-year quarter. The consensus estimate for franchising and other revenues is pegged at $33.9 million, compared with $30.8 million a year ago.
Dutch Bros’ expanding shop base and growing digital ecosystem are also likely to have supported its third-quarter top line. The company remains on track to open at least 185 system shops in 2026, with strong new-shop productivity and encouraging performance across newer markets supporting unit-driven growth. The acquisition of 31 Phoenix-area franchise locations is also expected to have provided incremental revenues during the quarter. Meanwhile, Dutch Rewards, customer segmentation and personalized offers are likely to have strengthened engagement and frequency, while Order Ahead adoption has enhanced convenience. These initiatives, together with continued beverage and food innovation, are expected to have supported customer traffic and sales.
Dutch Bros’ third-quarter profitability is likely to have been pressured by higher coffee costs, increased occupancy expenses and elevated development-related spending. Management expects higher coffee costs to remain a headwind in the back half of 2026, while the continued shift toward build-to-suit leases is likely to have increased occupancy costs. A strong pace of new shop openings may also have kept preopening expenses elevated. The company expects adjusted SG&A expenses to be approximately $73-$74 million in the third quarter.
What Our Model Says About BROS Stock
Our proven model does not conclusively predict an earnings beat for Dutch Bros this time. A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings. However, that's not the case here.
Earnings ESP for BROS: Dutch Bros currently has an Earnings ESP of -2.78%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Dutch Bros’ Zacks Rank: The company currently has a Zacks Rank #4 (Sell).
Stocks Poised to Beat on Earnings
Here are some stocks from the Zacks Retail-Wholesale sector that investors may consider, as our model shows that these have the right combination of elements to post an earnings beat.
In the to-be-reported quarter, Cracker Barrel’s earnings are expected to register a 100% year-over-year increase. CBRL’s earnings surpassed estimates in each of the trailing four quarters, with the average surprise being 228.6%.
Sweetgreen, Inc. (SG - Free Report) has an Earnings ESP of +4.26% and a Zacks Rank of 2 at present.
In the to-be-reported quarter, Sweetgreen’s earnings are expected to register a 3.7% year-over-year decline. SG’s earnings lagged estimates in each of the trailing four quarters, with the average miss being 43%.
El Pollo Loco Holdings, Inc. (LOCO - Free Report) currently has an Earnings ESP of +2.08% and a Zacks Rank of 3.
In the to-be-reported quarter, El Pollo Loco earnings are expected to decrease 11.1% year over year. LOCO’s earnings surpassed estimates in each of the trailing four quarters, with the average surprise being 16.8%.
View the Zacks #1 Rank List
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Dutch Bros to Post Q3 Earnings: What's in the Cards for the Stock?
Key Takeaways
Dutch Bros Inc. (BROS - Free Report) is scheduled to report third-quarter 2026 results on Nov. 4.
BROS’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 23.9%.
Trend in the Estimate Revision of BROS
The Zacks Consensus Estimate for third-quarter earnings per share (EPS) is pegged at 24 cents, indicating a rise of 26.3% from 19 cents reported in the year-ago quarter.
Dutch Bros Inc. Price and EPS Surprise
Dutch Bros Inc. price-eps-surprise | Dutch Bros Inc. Quote
For revenues, the consensus mark is pegged at $549 million. The metric suggests a rise of 29.6% from the year-ago quarter’s figure.
Let us take a look at how things might have shaped up in the quarter to be reported.
Factors Likely to Shape BROS’ Quarterly Results
Dutch Bros’ third-quarter 2026 revenues are likely to have benefited from continued customer demand, menu innovation and expanding customer occasions. Management expects system same-shop sales growth of approximately 4-5% for the quarter, supported by continued traction across its sales-driving initiatives. The expanded food program is likely to have strengthened the morning daypart and customer frequency, while Myst Energy Refreshers may have supported beverage demand across multiple dayparts. However, tougher transaction comparisons, lower effective pricing and the lap of the initial food rollout are expected to have moderated comparable sales growth.
Strength in company-operated shop revenues and franchising and other revenues is expected to have driven the third-quarter top line. The Zacks Consensus Estimate for company-operated shop revenues is pegged at $514.6 million, up from $392.8 million reported in the prior-year quarter. The consensus estimate for franchising and other revenues is pegged at $33.9 million, compared with $30.8 million a year ago.
Dutch Bros’ expanding shop base and growing digital ecosystem are also likely to have supported its third-quarter top line. The company remains on track to open at least 185 system shops in 2026, with strong new-shop productivity and encouraging performance across newer markets supporting unit-driven growth. The acquisition of 31 Phoenix-area franchise locations is also expected to have provided incremental revenues during the quarter. Meanwhile, Dutch Rewards, customer segmentation and personalized offers are likely to have strengthened engagement and frequency, while Order Ahead adoption has enhanced convenience. These initiatives, together with continued beverage and food innovation, are expected to have supported customer traffic and sales.
Dutch Bros’ third-quarter profitability is likely to have been pressured by higher coffee costs, increased occupancy expenses and elevated development-related spending. Management expects higher coffee costs to remain a headwind in the back half of 2026, while the continued shift toward build-to-suit leases is likely to have increased occupancy costs. A strong pace of new shop openings may also have kept preopening expenses elevated. The company expects adjusted SG&A expenses to be approximately $73-$74 million in the third quarter.
What Our Model Says About BROS Stock
Our proven model does not conclusively predict an earnings beat for Dutch Bros this time. A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings. However, that's not the case here.
Earnings ESP for BROS: Dutch Bros currently has an Earnings ESP of -2.78%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Dutch Bros’ Zacks Rank: The company currently has a Zacks Rank #4 (Sell).
Stocks Poised to Beat on Earnings
Here are some stocks from the Zacks Retail-Wholesale sector that investors may consider, as our model shows that these have the right combination of elements to post an earnings beat.
Cracker Barrel Old Country Store (CBRL - Free Report) currently has an Earnings ESP of +350.01% and a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the to-be-reported quarter, Cracker Barrel’s earnings are expected to register a 100% year-over-year increase. CBRL’s earnings surpassed estimates in each of the trailing four quarters, with the average surprise being 228.6%.
Sweetgreen, Inc. (SG - Free Report) has an Earnings ESP of +4.26% and a Zacks Rank of 2 at present.
In the to-be-reported quarter, Sweetgreen’s earnings are expected to register a 3.7% year-over-year decline. SG’s earnings lagged estimates in each of the trailing four quarters, with the average miss being 43%.
El Pollo Loco Holdings, Inc. (LOCO - Free Report) currently has an Earnings ESP of +2.08% and a Zacks Rank of 3.
In the to-be-reported quarter, El Pollo Loco earnings are expected to decrease 11.1% year over year. LOCO’s earnings surpassed estimates in each of the trailing four quarters, with the average surprise being 16.8%.