Dutch Bros Inc. posted stronger-than-expected second-quarter results, reporting adjusted earnings of $0.26 a share versus the $0.18 average analyst estimate. Revenue rose 28% from a year earlier to $415.8 million, topping the $403.75 million consensus. Comparable sales increased 6.1% across the system and 7.8% at company-operated locations, underscoring steady traffic despite higher prices. Building on the momentum, the drive-through coffee chain lifted its full-year 2025 revenue projection to between $1.59 billion and $1.60 billion, above Wall Street expectations. The upbeat quarter and raised outlook sent Dutch Bros shares up as much as 19% in pre-market trading on Wednesday, adding to a 14% after-hours gain recorded immediately after the results were released.