News about Starbucks

Dutch Bros (BROS) trades 52% below its record high, even though the coffee chain has grown quickly through small-format and drive-through locations. Bulls point to store growth: the company had 1,225 locations as of June 30, up 17% from a year earlier, and management sees room for 7,000 stores, almost six times its current footprint. Same-store sales have grown for 13 straight quarters, and analysts project revenue will rise 97% from 2025 to 2028. Bears point to a crowded market with low barriers to entry and no switching costs for customers, which makes a durable moat hard to prove. Dutch Bros also faces scale competition from Starbucks, McDonald's and Dunkin' in real estate, marketing and sourcing, plus smaller rivals such as 7 Brew and Biggby Coffee.