Dutch Bros (NYSE:BROS) just delivered a standout quarter, and the numbers speak for themselves. Revenue skyrocketed 28% year-over-year, hitting $338.2 million, while the stock surged 33% in a single day. CEO Christine Barone attributes the success to strategic expansions and fine-tuned operations that have customers flocking in. Not only did they roll out mobile ordering across 90% of their locations, but they also hit the highest same-store transaction growth in two years. This isn't just a coffee chain anymore; Dutch Bros is a growth engine.

On the expansion front, Dutch Bros is all in, with 38 new shops opening across 11 states this quarter. They're making bold moves by targeting high-impact sites and shoring up their development teams. The result? Company-operated store revenue shot up by 30.4%, clocking in at $308.3 million. While gross profit climbed to $68.4 million, they did see a slight dip in margin due to the cost of opening new locationsgrowing pains they're more than willing to take on for the long-term payoff.

Looking ahead, Dutch Bros is riding the momentum, raising its 2024 revenue forecast to $1.255 billion$1.260 billion. They're also boosting their adjusted EBITDA outlook to $215$220 million. With plans to open a total of 150 new shops by year-end and a laser-focused site strategy, Dutch Bros is positioning itself for sustained growth, carving out an increasingly solid spot in the ultra-competitive beverage market. Investors, take notethis isn't your average coffee story.

This article first appeared on GuruFocus.