Key Takeaways

Shares of Dutch Bros ( BROS ) skyrocketed nearly 30% to a record high Thursday, a day after the drive-through coffee store operator posted better-than-expected results and guidance as it added new locations and had strong same-store sales .

The Oregon-based chain reported fourth-quarter earnings per share (EPS) of $0.07, which was $0.05 above forecasts by analysts surveyed by Visible Alpha. Revenue jumped 35% year-over-year to $342.8 million, also above expectations.

During the period, Dutch Bros opened 32 shops across 11 states, 25 of which were company owned. System same-shop sales were up 6.9%, well above the 1.61% consensus. Same-store transactions were 2.3% higher.

CEO Christine Barone said the company’s efforts to "develop our foundational transaction drivers—innovation, paid media, and our Dutch Rewards loyalty program—are working."

Dutch Bros sees full-year EPS of revenue in the range of $1.555 billion and $1.575 billion. The Visible Alpha estimate was $1.530 billion.

Dutch Bros shares soared 28% to $82.86 in recent trading after earlier hitting a record $86.42. They have tripled in the last year.

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