Black Rock Coffee Bar Q3 revenue rises on store expansion

Overview

• US drive-thru coffee chain's Q3 revenue rose 30% yr/yr as 11 new stores opened

• Same-store sales grew 5.8% yr/yr, marking 15th straight quarter of positive growth

• Company returned to profitability with net income of $2.7 mln in Q3

Outlook

• Company raises full-year 2026 new store openings target to 40

• Company sees full-year 2026 revenue between $255 mln and $257 mln

• Company expects full-year 2026 adjusted EBITDA of $34 mln to $35 mln

Result Drivers

• STORE EXPANSION - Co said opening 11 new stores in Q3 contributed to revenue growth

• SAME-STORE SALES - Co cited 5.8% same-store sales growth and positive transaction growth as drivers of results

• MENU AND LOYALTY INITIATIVES - Co said menu innovation, longer hours, and enhanced loyalty program supported customer engagement

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the restaurants & bars peer group is "buy"

• Wall Street's median 12-month price target for Black Rock Coffee Bar, Inc. is $11.00, about 0.9% below its November 9 closing price of $11.10

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)