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Dutch Bros BROS Labor costs — Cost of Sales

Other product segments

Beverage, food & packaging
$112.32M+38.0%
Occupancy & other costs
$76.79M+42.4%
Pre-opening costs
$6.34M+13.0%

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QSRRestaurant wages and related expenses — Total
$146M+0.7%
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DRIProduct — Cost Direct Labor
$653.63M+15.4%
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MCDPayroll and employee benefits
$726.25M-1.8%
Brown & Brown logo
BRORetail — Employee Compensation And Benefits
$614M+37.4%
Texas Roadhouse logo
TXRHOther — Cost Direct Labor
$2.99M+6.4%
CAVA Group logo
CAVALabor
$111.55M+31.9%

Other financials

Income statement

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Revenue$464.4M+30.8%
Gross profit$107.5M+19.4%
Operating income$34.3M+10.4%
Net income$16.1M+4.8%
EPS (diluted)$0.130.0%

Balance sheet

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Cash & equivalents$263.5M-16.7%
Total debt$1.1B+12.1%
Total equity$696.4M+16.3%
Total assets$3.1B+12.3%

Cash flow

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Operating cash flow$84.7M+130%
CapEx$57.0M+25.1%
Free cash flow$27.7M+420%

Valuation

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Market cap$9.7B-10.3%
Enterprise value$10.58B-7.2%
P/E120.4×-128×
P/S5.6×-2.4×

Profitability

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Gross margin25.3%-1.1pp
Operating margin9.4%+1.2pp
Net margin4.6%+1.4pp
FCF margin5.2%+2.8pp

Returns & leverage

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Return on equity12.4%+3.9pp
Debt / equity1.6×-0.1×
Current ratio1.3×-0.6×

Where this comes from

Reported directly by Dutch Bros in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Dutch Bros’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Dutch Bros's labor costs — cost of sales?
Dutch Bros (BROS) reported labor costs — cost of sales of $112.31M in Q1 2026.
How has Dutch Bros's labor costs — cost of sales changed year-over-year?
Dutch Bros's labor costs — cost of sales increased by 25.6% year-over-year, from $89.44M to $112.31M.
What is the long-term trend for Dutch Bros's labor costs — cost of sales?
Over 3 years (2022 to 2025), Dutch Bros's labor costs — cost of sales has grown at a 30.4% compound annual growth rate (CAGR), from $182.86M to $405.93M.
What does labor costs — cost of sales mean?
The total cost of wages, benefits, and payroll-related expenses for staff working at company-operated retail locations.
How do you interpret labor costs — cost of sales?
An increase relative to revenue suggests declining labor efficiency or rising wage pressures, while a decrease indicates improved operational productivity or optimized staffing models.
How does labor costs — cost of sales compare across companies?
Peers in the quick-service restaurant industry typically report this as a percentage of shop-level sales, often benchmarked against industry standards for labor-to-sales ratios.