Dutch Bros Inc. (BROS) saw its shares skyrocket by an impressive 24.74% in pre-market trading on Thursday, February 13, 2025, following the release of its stellar fourth-quarter 2024 earnings results and an upbeat outlook for the year ahead.

The drive-thru coffee chain reported a record Q4 revenue of $342.8 million, up 34.9% year-over-year, surpassing analysts' expectations. This strong performance was driven by the opening of 32 new stores and a robust 6.9% system-wide same-store sales growth, with company-operated same-store sales increasing by an impressive 9.5%.

Dutch Bros' financial success was further highlighted by a 41.2% year-over-year increase in adjusted EBITDA, reaching $48.8 million, demonstrating the company's operational efficiencies and ability to capitalize on its growth strategies.

The company's growth was fueled by several key initiatives, including its focus on innovation, increased paid advertising, and efforts to enhance its Dutch Rewards loyalty program, which now accounts for a record 71% of transactions. Additionally, the growing adoption of mobile ordering has contributed to increased customer convenience and frequency.

Looking ahead, Dutch Bros provided an optimistic outlook for 2025, projecting revenue between $1.555 billion and $1.575 billion, representing a 21% to 23% year-over-year increase. The company plans to continue its aggressive expansion strategy, with plans to open at least 160 new stores, and expects system-wide same-store sales growth in the range of 2% to 4%.

Analysts have responded positively to Dutch Bros' impressive performance and growth prospects, raising their price targets and reiterating positive ratings on the stock. The company's strong brand resonance, successful loyalty program, and growing mobile order adoption have contributed to its promising growth outlook.