Key Highlights

  • Revenue at Dutch Bros (NYSE:BROS) reached USD 549.8 million, a 29.8% climb, while adjusted EBITDA advanced 29.6% to USD 101.1 million and company-run shop sales gained 5.4%.
  • CAVA Group (NYSE:CAVA) now expects same restaurant sales growth of 6.0% to 7.0% for the year, but third quarter Net Income dropped to USD 13.2 million from USD 14.7 million.
  • Beyond Meat (NASDAQ:BYND) lifted its gross Margin to 19.3% from 7.4% a year earlier, while Revenue fell 8.1% to USD 64.5 million.
  • Zevia (NYSE:ZVIA) grew net sales 18.4% to USD 48.3 million and, on October 22, 2026, issued USD 15.0 million of Series A preferred shares.

Dutch Bros (NYSE:BROS): Revenue Gain Meets a Raised 2026 Outlook

Third quarter 2026 numbers for Dutch Bros (NYSE:BROS) were published on November 4, 2026. Sales rose 29.8% to USD 549.8 million from USD 423.6 million, and company-operated same shop sales gained 5.4% while systemwide same shop sales added 4.4%. The Bottom Line reached USD 37.2 million, and Class A Diluted Earnings per Share came in at USD 0.20 versus USD 0.14 previously. Over the period the chain added 48 shops and took back 32 Phoenix East Valley Franchise sites on July 27, 2026, though the release offers no figures on their contribution. Gross margin for company-run shops inched up to 21.3% from 21.0%, with labor falling to 26.7% of shop revenue while occupancy and other outlays climbed from 17.0% to 18.0%. For 2026 management now projects revenue of no less than USD 2.1 billion, same shop growth of at least 5%, adjusted EBITDA near USD 380 million and Capital spending between USD 370 million and USD 390 million, but prior figures are missing, so the size of the revision cannot be measured. Reaching about 250 openings in 2027 would be roughly 35% above the 2026 floor of 185 (calculated). Consumer demand, labor and Commodity expenses, tariffs and site availability are the main risks.

CAVA Group (NYSE:CAVA): Guidance Improves as Net Income Dips to USD 13.2 Million

CAVA Group (NYSE:CAVA) published its fiscal third quarter, which ended October 4, 2026, on November 4, 2026. The restaurant segment brought in USD 353.7 million, up 22.1%, and consolidated revenue came to USD 356.4 million. Same restaurant sales increased 3.1%, though Cyclospora and fresh produce worries cost about 150 basis points of that. Labor investment, heavier third-party delivery use and rising upkeep expenses pushed the restaurant-level margin down 120 basis points to 23.4%. Profit fell to USD 13.2 million, or USD 0.11 per diluted share, because Depreciation and stock-based pay grew, even though adjusted EBITDA, a non-GAAP figure, advanced 5.7% to USD 42.3 million. Twenty-four net new locations took the count to 500. Management moved same restaurant sales guidance up to 6.0% to 7.0% from 4.5% to 6.5%, narrowed the restaurant margin range to 23.7% to 24.0%, lifted planned net openings to 76 to 78 and raised pre-opening cost guidance to USD 28.5 million to USD 29.5 million. Year-to-date Operating Cash Flow reached USD 181.6 million and free cash flow, also non-GAAP, was USD 37.1 million, a difference the material leaves unexplained.

Beyond Meat (NASDAQ:BYND): A 19.3% Gross Margin Against an 8.1% Sales Decline

Beyond Meat (NASDAQ:BYND) released third quarter figures on November 4, 2026. Sales slid 8.1% to USD 64.5 million on a 10.9% Volume decline, but gross margin hit 19.3% as Cost of Goods Sold per pound dropped 10.1%. The U.S. retail line lost 13.2% to USD 24.8 million, U.S. foodservice declined 9.7%, while international retail climbed 13.3% to USD 17.9 million. Losses narrowed to USD 82.8 million, or USD 4.32 per share, a result that absorbed USD 57.1 million of non-cash Impairment and USD 20.8 million of accelerated rent tied to a partial Lease exit. Because a 1-for-30 reverse split took effect August 13, 2026, per-share comparisons with last year are awkward. The adjusted EBITDA Deficit shrank to USD 24.6 million, cash including restricted balances stood at USD 169.3 million, and Debt totaled USD 313.9 million. On September 23, 2026, USD 15.0 million of 2027 notes was swapped for roughly 1.55 million shares, leaving USD 14.5 million payable March 15, 2027. Given the reverse split and debt load, a handful of trades can swing the price, spreads may be wide, and quoted moves can reverse. No guidance range appeared in the material reviewed.

Zevia (NYSE:ZVIA): Sales Growth and a USD 15.0 Million Preferred Deal

Zevia (NYSE:ZVIA) lodged its quarterly filing for the period ended September 30, 2026 on November 4, 2026. The maker of zero sugar, naturally sweetened sodas and energy drinks lifted net sales 18.4% to USD 48.3 million, with equivalized cases rising 14.4% on club and online channels. The net loss attributable to the company contracted to USD 2.1 million, or USD 0.03 per share, and gross margin sat near 46% (calculated), with tariffs expected to add cost pressure. The October 22, 2026 issue of Series A convertible preferred stock to an affiliate of GP Investments raised USD 15.0 million. A further 5,000 shares, valued at USD 5.0 million, are contingent on full-year 2026 net sales of at least USD 172.5 million and adjusted EBITDA no worse than negative USD 3.0 million. Nine-month sales of USD 139.4 million mean the fourth quarter would need at least USD 33.1 million (calculated). Dividends accrue at 6.00% annually, issuance costs run about USD 3.0 million, cash stood at USD 29.5 million, and Alexandre Ruberti took the chief executive role in June 2026.

Where Things Stand

Dutch Bros (NYSE:BROS) is growing fastest on reported revenue, but the verdict depends on what each company is working to repair. Dutch Bros grew revenue 29.8% through new shops and positive same shop sales, and capital spending is set to rise. CAVA Group (NYSE:CAVA) raised its sales outlook even as profit fell under new-unit costs. Beyond Meat (NASDAQ:BYND) improved gross margin yet still lost USD 82.8 million. Zevia (NYSE:ZVIA) has to hit full-year targets before the deferred USD 5.0 million is released. No filing mentions a share price response. Watch fourth quarter same shop sales, CAVA's restaurant openings and the March 2027 note Maturity at Beyond Meat.