Dutch Bros Inc. reported strong first-quarter 2025 earnings with revenue reaching $355.2 million, surpassing estimates of $344.4 million and marking a 29% year-over-year increase. Adjusted earnings per share (EPS) were $0.14, beating the estimated $0.11, while operating income rose to $31.1 million versus an expected $26.8 million. The company also recorded a 19.7% increase in adjusted EBITDA to $62.9 million. Same-store sales grew by 4.7%, with transaction growth of 3.7% at company-operated stores, driving momentum toward the upper end of the company’s expectations. Anheuser-Busch InBev (AB InBev) posted first-quarter 2025 revenue of $13.63 billion, slightly below the estimated $13.85 billion, but reported adjusted EPS of $0.81, exceeding the $0.74 estimate. The brewer saw organic revenue growth of 1.5% and a 7.9% increase in organic adjusted EBITDA, with margin expansion supported by its digital platform BEES generating $11.6 billion in gross merchandise volume. German defense contractor Rheinmetall reported first-quarter 2025 sales of €2.31 billion, beating estimates of €2.05 billion, with operating profit up 49% year-over-year to €199 million and EPS of €1.92 surpassing the estimated €1.49. The company raised its full-year sales guidance to a 25%-30% increase and expects an operating margin around 15.5%. Rheinmetall’s strong performance is driven by increased defense spending across Europe and domestic orders, with the CEO expecting the backlog to exceed €80 billion this year. The surge in demand is linked to geopolitical tensions and increased military expenditures in the region. Software company Raysearch reported continued strong growth and margin improvement in the first quarter, achieving a 29% operating margin excluding negative currency effects, leading to a significant rise in its stock price.