US drive-through java concatenation Dutch Bros aims to treble its store number to 2,029 outlets by 2029.
The announcement was made astatine the company's yearly capitalist time held successful Tempe successful the US authorities of Arizona connected 27 March 2025, astatine which the imaginable for much than 7,000 stores successful the US was besides highlighted.
The institution reached 1,000 outlets successful February 2025 and has a beingness crossed 18 states successful the US.
At the yearly capitalist day, Dutch Bros main enforcement serviceman and president Christine Barone stated: “We are pleased to present quarter-to-date Q1 [first quarter] same-shop income supra our expectations, supported by affirmative postulation and beardown concern momentum. This affirmative inclination is simply a testament to the spot of our marque and the dedication of our team.
“Last period [March 2025] we proudly opened our 1,000th shop, and with a beardown roadmap ahead, we are focused connected our bold extremity of reaching 2,029 shops successful 2029. Led by tract operations teams profoundly rooted successful our civilization and bare to turn and supported by a enactment squad with complementary skills and firsthand cognition of scale, we are good positioned to present sustainable, semipermanent worth portion staying existent to our ngo of making a monolithic difference, 1 cupful astatine a time.”
In February 2025, Dutch Bros appointed erstwhile KFC enforcement Brian Cahoe arsenic main improvement officer.
Cahoe's relation includes spearheading caller store openings and implementing the java chain's broader improvement strategy.
So acold successful 2025, Dutch Bros has opened 27 caller stores, with 3 much expected to motorboat successful the coming days.
In enactment with its maturation objectives, Dutch Bros antecedently acceptable a extremity of astatine slightest 160 caller stores successful 2025.
For the afloat twelvemonth 2024 (FY24), the company’s full revenues grew 32.6% to $1.28bn arsenic against $965.8m successful 2023 (FY23).
Its nett income was $66.5m successful FY24 arsenic compared to $10m successful FY23.
It opened 151 caller shops, of which 128 were company-operated, crossed 18 US states successful FY24.
The java concatenation expects full revenues to beryllium betwixt $1.55bn and $1.57bn for the afloat twelvemonth 2025, and superior expenditures to beryllium betwixt $240m and $260m.
"Dutch Bros targets 2,029 stores by 2029" was primitively created and published by Verdict Food Service, a GlobalData owned brand.
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