{"id":1835016,"date":"2026-11-09T10:34:50","date_gmt":"2026-11-09T09:34:50","guid":{"rendered":"https:\/\/lexpress-franchise.com\/en-us\/news\/dutch-bros-q3-2026-revenue-insider-sale-boersma\/"},"modified":"2026-11-09T10:02:52","modified_gmt":"2026-11-09T09:02:52","slug":"dutch-bros-q3-2026-revenue-insider-sale-boersma","status":"publish","type":"post","link":"https:\/\/lexpress-franchise.com\/en-us\/news\/dutch-bros-q3-2026-revenue-insider-sale-boersma\/","title":{"rendered":"Dutch Bros Q3 2026: Revenue Up 30% as Profit Guidance Cut Sends Stock Down 18%"},"content":{"rendered":"\n

Dutch Bros reported third-quarter 2026 revenue of $549.8 million<\/strong>, up 30%<\/strong> year over year, and opened 48<\/strong> new shops in the quarter. The stock fell more than 18%<\/strong> after the company lowered its full-year profit outlook. Executive Chairman and Co-Founder Travis Boersma<\/strong> sold $267 million<\/strong> in shares during the weeks surrounding the earnings release.<\/strong><\/p>\n\n\n\n

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Dutch Bros <\/strong>operates a network of drive-through coffee shops across the western and southern United States through a combination of company-operated locations and licensed shops<\/a>, rather than a traditional franchise model <\/a>with a Franchise Disclosure Document<\/a>. <\/p>\n\n\n\n

For the third quarter of 2026, the company reported net income of $37.2 million<\/strong>. Systemwide sales reached $702.2 million<\/strong>, a gain of 21.7%<\/strong> compared to the same period in 2025. The quarter covers the period ended September 30, 2026, with results reported on November 4.<\/p>\n\n\n\n

Revenue and Same-Shop Sales Rise Across Company and Licensed Shops<\/h2>\n\n\n\n

Dutch Bros posted revenues of $549.8 million<\/strong> for Q3 2026, essentially in line with the analyst consensus and representing a 30%<\/strong> year-over-year increase. Adjusted earnings per share of $0.25<\/strong> exceeded the estimate of $0.24<\/strong>. Same-shop sales growth reached 5.4%<\/strong> at company-operated locations and 4.4%<\/strong> across the full system. <\/p>\n\n\n\n

During the quarter, Dutch Bros opened 48<\/strong> new shops, 42<\/strong> of which were company-operated, extending a pace of unit growth that has taken the brand from a regional Oregon chain to a network of more than 1,000<\/strong> locations spread across more than 20 states, with its heaviest concentration in the western and southwestern United States.<\/p>\n\n\n

<\/p>\n\n\n

Co-Founder Sold $267 Million in Shares in the Weeks Around the Q3 Release<\/h2>\n\n\n\n

Between October 20 and November 4, 2026, Travis Boersma<\/strong>, Executive Chairman and Co-Founder of Dutch Bros, sold shares totaling approximately $267 million<\/strong>, according to SEC filings. One disclosed transaction involved 962,828<\/strong> shares sold at an average price of $44.55<\/strong> per share for approximately $42.9 million<\/strong>, a transaction that reduced his ownership stake by roughly 34%<\/strong>. <\/p>\n\n\n\n

A separate sale of 393,768<\/strong> shares was recorded on November 3. Insider sales of this scale, particularly in close proximity to a quarterly earnings release, draw attention from investors and financial analysts. Transactions made under a pre-scheduled Rule 10b5-1 trading plan are established in advance and disclosed publicly through SEC filings; Dutch Bros had not provided additional comment on the sales as of this writing.<\/p>\n\n\n\n

Lowered Full-Year Profit Guidance Outweighs the Q3 Beat for Investors<\/h2>\n\n\n\n

Despite the quarterly beats on revenue and adjusted earnings per share, Dutch Bros revised its full-year 2026 profit outlook downward. The guidance reduction drove the after-hours stock decline of more than 18%<\/strong>, as investors weighed the company’s near-term profitability trajectory against its continued unit expansion. <\/p>\n\n\n\n

The tension between rapid shop openings, rising labor and input costs, and margin improvement is a pattern that has emerged across a number of QSR operators in 2026. Dutch Bros has opened hundreds of locations over the past three years<\/a>, and the cost structure associated with that growth has been a recurring focus in its earnings discussions. The company had not issued a revised full-year revenue forecast as of the date of publication.<\/p>\n\n\n\n

This content is provided for informational purposes only and does not constitute legal, tax, financial, or professional advice. Laws and regulations vary by state and individual circumstances and may change over time. Readers should consult a qualified attorney, tax professional, or other licensed professional regarding their specific situation. Nothing herein creates an attorney-client relationship.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Dutch Bros reported third-quarter 2026 revenue of $549.8 million, up 30% year over year, and opened 48 new shops in the quarter. The stock fell more than 18% after the company lowered its full-year profit outlook. Executive Chairman and Co-Founder Travis Boersma sold $267 million in shares during the weeks surrounding the earnings release. Dutch […]<\/p>\n","protected":false},"author":788,"featured_media":1835018,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"1580667,1814115,1831634,1827212,1824191,1830245","_relevanssi_noindex_reason":"","footnotes":""},"categories":[3594],"tags":[],"type-de-post":[2066],"class_list":["post-1835016","post","type-post","status-publish","format-standard","has-post-thumbnail","category-franchise-networks","type-de-post-articles-actualite"],"acf":[],"permalink_manager":null,"_links":{"self":[{"href":"https:\/\/lexpress-franchise.com\/en-us\/wp-json\/wp\/v2\/posts\/1835016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lexpress-franchise.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lexpress-franchise.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lexpress-franchise.com\/en-us\/wp-json\/wp\/v2\/users\/788"}],"replies":[{"embeddable":true,"href":"https:\/\/lexpress-franchise.com\/en-us\/wp-json\/wp\/v2\/comments?post=1835016"}],"version-history":[{"count":3,"href":"https:\/\/lexpress-franchise.com\/en-us\/wp-json\/wp\/v2\/posts\/1835016\/revisions"}],"predecessor-version":[{"id":1835025,"href":"https:\/\/lexpress-franchise.com\/en-us\/wp-json\/wp\/v2\/posts\/1835016\/revisions\/1835025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lexpress-franchise.com\/en-us\/wp-json\/wp\/v2\/media\/1835018"}],"wp:attachment":[{"href":"https:\/\/lexpress-franchise.com\/en-us\/wp-json\/wp\/v2\/media?parent=1835016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lexpress-franchise.com\/en-us\/wp-json\/wp\/v2\/categories?post=1835016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lexpress-franchise.com\/en-us\/wp-json\/wp\/v2\/tags?post=1835016"},{"taxonomy":"type-de-post","embeddable":true,"href":"https:\/\/lexpress-franchise.com\/en-us\/wp-json\/wp\/v2\/type-de-post?post=1835016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}