Fast-growing Dutch Bros is buying up to 65 Salad and Go locations
Jonathan MazeThu, August 6, 2026 at 12:26 AM GMT+3 2 min read
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Many of the now-shuttered Salad and Go locations won't be empty for long.
Dutch Bros, the drive-thru beverage chain, on Wednesday said it has an agreement to buy the real estate for as many as 65 Salad and Go locations in Arizona, Nevada, Oklahoma, and Texas.
The deal is expected to close in the third quarter. Dutch Bros said it expects to convert these locations next year.
The acquisition is the latest effort in Dutch Bros' bid to use alternative strategies to expand its presence. In January, for instance, the company acquired the 20-unit chain Clutch Coffee Bar.
For the chain, such conversion opportunities helps the brand keep pace with its plan to have 2,029 locations open by 2029. The chain finished the second quarter with just under 1,200 locations.
Executives said Wednesday that they have 90% of the pipeline it needs to reach that 2,029 shop goal. They also believe they can find opportunities in second-generation locations.
"We continue to see attractive conversion opportunities, both from emerging growth concepts and legacy beverage and drive-thru players," CEO Christine Barone told analysts on Wednesday. "Growth isn't just about expanding our footprint. It's also about creating more reasons for customers to choose Dutch Bros throughout the day."
Salad and Go has been closing stores for the better part of the past year and this week filed for Chapter 11 bankruptcy protection, closing its remaining 70 locations.
That closure, however, came in the midst of an arms race of sorts in the drive-thru coffee space. Dutch Bros, rival 7 Brew, and Scooters are all among the industry's fastest-growing brands. That is apparently providing a market for the real estate that Salad and Go is leaving behind.
The 65 locations Dutch Bros is buying, Barone said in a statement, will quickly expand the company's presence in four key states. The company sees "a significant opportunity to continue densifying our footprint."
The company announced the acquisition on a day in which it said that same-store sales rose 5.8% in the second quarter, including 1.7% transaction growth. Revenues increased 32.5% to $550.9 million, while net income grew 34% to $51.6 million.
The results disappointed investors, however, and the company's stock fell 12% in after-hours trading on Wednesday.
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