Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Dutch Bros, a rapidly expanding drive-thru coffee chain, reported solid third quarter financial results showing strong growth and continued expansion plans.</li><li>The company demonstrated significant revenue growth, clocking a 25% increase year-over-year, reaching $424 million.</li><li>This surge is supported by a system same-shop sales growth of 5.7% and company-operated same-shop sales growth of 7.4%, further bolstered by significant transaction growth of 4.7% system-wide, highlighting the resilience and appeal of its business model amid a challenging market environment.</li></ul>

Dutch Bros, a rapidly expanding drive-thru coffee chain, reported solid third quarter financial results showing strong growth and continued expansion plans.The company demonstrated significant revenue growth, clocking a 25% increase year-over-year, reaching $424 million.This surge is supported by a system same-shop sales growth of 5.7% and company-operated same-shop sales growth of 7.4%, further bolstered by significant transaction growth of 4.7% system-wide, highlighting the resilience and appeal of its business model amid a challenging market environment.

Dutch Bros Plans 2,029 Stores by 2029—A Bold Expansion Era Begins!

<ul><li>Dutch Bros Coffee reported strong results for the second quarter of 2025, supported by robust performance across multiple business metrics and the execution of strategic initiatives.</li><li>The company experienced a notable revenue growth of 28%, and system same-shop sales growth of 6.1%.</li><li>Company-operated same-shop sales increased by 7.8%, driven by a 3.7% rise in transactions.</li></ul>

Dutch Bros Coffee reported strong results for the second quarter of 2025, supported by robust performance across multiple business metrics and the execution of strategic initiatives.The company experienced a notable revenue growth of 28%, and system same-shop sales growth of 6.1%.Company-operated same-shop sales increased by 7.8%, driven by a 3.7% rise in transactions.

Dutch Bros: A Tale Of Beverage Innovation and Product Diversification!

<ul><li>Dutch Bros Inc. presented its financial performance for the first quarter of 2025, outlining a blend of positive momentum in revenue growth and some challenges primarily regarding cost pressures, especially around commodities and labor.</li><li>The quarter reported an impressive 29% increase in total revenue year-over-year, attributed largely to new shop openings and improved shop productivity.</li><li>The company also witnessed a 4.7% growth in system same-shop sales, supported by a 1.3% increase in transactions and a 3.4% increase in ticket growth.</li></ul>

Dutch Bros Inc. presented its financial performance for the first quarter of 2025, outlining a blend of positive momentum in revenue growth and some challenges primarily regarding cost pressures, especially around commodities and labor.The quarter reported an impressive 29% increase in total revenue year-over-year, attributed largely to new shop openings and improved shop productivity.The company also witnessed a 4.7% growth in system same-shop sales, supported by a 1.3% increase in transactions and a 3.4% increase in ticket growth.

Dutch Bros Sets Sights on 2,000+ Shops: Will This Aggressive Expansion Rewrite Retail Rules?

<ul><li>Dutch Bros, Inc. delivered strong financial performance in 2024, exhibiting solid revenue growth and strategic execution amid expanding its footprint.</li><li>The company reported a total revenue growth of 33%, driven significantly by a 5.3% system same-shop sales increase and the successful opening of 151 new shops.</li><li>Significantly, company-operated locations were bolstered by a 9.5% same-shop sales uptick, primarily due to robust traffic growth and innovatively tailored beverage offerings.</li></ul>

Dutch Bros, Inc. delivered strong financial performance in 2024, exhibiting solid revenue growth and strategic execution amid expanding its footprint.The company reported a total revenue growth of 33%, driven significantly by a 5.3% system same-shop sales increase and the successful opening of 151 new shops.Significantly, company-operated locations were bolstered by a 9.5% same-shop sales uptick, primarily due to robust traffic growth and innovatively tailored beverage offerings.

Dutch Bros Inc.: An Insight Into Its Marketing & Mobile Order Adoption & Critical Growth Levers!

<ul><li>Dutch Bros, a drive-thru coffee chain known for its unique customer engagement, reported its third-quarter 2024 earnings with a series of financial results that present both opportunities and challenges for investors.</li><li>The company achieved a 28% increase in revenue compared to the same quarter last year, reaching $338 million.</li><li>Adjusted EBITDA grew by 20%, totaling $64 million for the quarter.</li></ul>

Dutch Bros, a drive-thru coffee chain known for its unique customer engagement, reported its third-quarter 2024 earnings with a series of financial results that present both opportunities and challenges for investors.The company achieved a 28% increase in revenue compared to the same quarter last year, reaching $338 million.Adjusted EBITDA grew by 20%, totaling $64 million for the quarter.

Dutch Bros: Leveraging Paid Advertising & Customer Insights To Up Their Gaame! - Major Drivers

United States

Dutch Bros Inc. operates and franchises drive-thru shops that focus on serving hand-crafted beverages. The Company offers hot and cold espresso-based beverages. Dutch Bros serves customers worldwide.

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Dutch Bros Inc (BROS US)

Dutch Bros Plans 2,029 Stores by 2029—A Bold Expansion Era Begins!

Dutch Bros, a rapidly expanding drive-thru coffee chain, reported solid third quarter financial results showing strong growth and continued...

Baptista Research

Dutch Bros: A Tale Of Beverage Innovation and Product Diversification!

Dutch Bros Coffee reported strong results for the second quarter of 2025, supported by robust performance across multiple business metrics and the...

Baptista Research

Dutch Bros Sets Sights on 2,000+ Shops: Will This Aggressive Expansion Rewrite Retail Rules?

Dutch Bros Inc. presented its financial performance for the first quarter of 2025, outlining a blend of positive momentum in revenue growth and...

Baptista Research

Dutch Bros Inc.: An Insight Into Its Marketing & Mobile Order Adoption & Critical Growth Levers!

Dutch Bros, Inc. delivered strong financial performance in 2024, exhibiting solid revenue growth and strategic execution amid expanding its...

Baptista Research

Dutch Bros: Leveraging Paid Advertising & Customer Insights To Up Their Gaame! - Major Drivers

Dutch Bros, a drive-thru coffee chain known for its unique customer engagement, reported its third-quarter 2024 earnings with a series of...

Baptista Research

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