<p>在咖啡市場，近年來最大的驚喜之一是 <strong>Dutch Bros</strong>(BROS -7.63%)。今年早些時候，其股票達到了歷史最高點。儘管自那時以來幾乎回落到熊市區域，但它似乎已成為繼 <strong>Starbucks</strong>(SBUX -1.88%) 之後最受歡迎的咖啡股票。</p>
<p>考慮到目前的狀態，Dutch Bros 在未來幾年內很可能輕鬆超越這家成熟的咖啡巨頭，而其中一個原因説明了這一點。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE3NDgvZHV0Y2hfYnJvc19jb2ZmZWVfc2hvcF93aXRoX2xvZ29fYnJvcy5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE3NDgvZHV0Y2hfYnJvc19jb2ZmZWVfc2hvcF93aXRoX2xvZ29fYnJvcy5qcGcmdz03MDA"/></p>
<p>圖片來源：Getty Images。</p>
<h2>為什麼股東應該關注 Dutch Bros</h2>
<p>投資者應該關注 Dutch Bros，因為它正在進行區域到全國的擴張。歷史上，區域到全國的擴張為 <strong>Home Depot</strong> 和 <strong>Walmart</strong> 等商店帶來了超額收益，但對 Dutch Bros 最相關的例子是其最大競爭對手 Starbucks。</p>
<p>當 Starbucks 在 1992 年開始交易時，它只有 165 個門店。在隨後的幾年中，其全國乃至全球的擴張增長到目前超過 41,000 家門店的規模。這一路徑使 Starbucks 在其 33 年的歷史中獲得了近 26,000% 的回報，但也幾乎耗盡了所有剩餘的國內增長前景。</p>
<p>現在輪到 Dutch Bros 了。截至 2025 年第二季度末，該公司在 19 個州已增長至 1,043 家門店，比 12 個月前增加了 14%。</p>
<p>這一增長意味着，年初上半年收入為 7.71 億美元，同比增長 29%。此外，僅適用於開業超過 15 個月的門店的同店銷售在今年上半年增長了 5%。</p>
<p>投資者應該預期這種增長將繼續。該公司已設定目標，到 2029 年擁有 2,029 家門店，這一目標將在四年內幾乎將其規模翻倍。</p>
<p>從股票來看，過去一年其股價上漲了超過 130%。儘管 Dutch Bros 無法保證重複這樣的表現，但區域到全國的擴張使得持續的股價增長極為可能。</p>

BROS

<p>Dutch Bros (BROS) 已成為領先的咖啡股票，最近從歷史高點回落，但仍顯示出增長潛力。該公司正從區域擴展到全國，目標是在 2029 年之前開設 2,029 家門店，這可能推動顯著的收入增長。今年上半年收入增長 29%，同店銷售額增長 5%，投資者對股票價格的持續增長持樂觀態度，過去一年股價已上漲 130%</p>

<p>In the coffee market, one of the biggest surprises in recent years is <strong>Dutch Bros</strong>(BROS -7.63%). Earlier this year, its stock reached an all-time high. Even though it has almost pulled back into bear market territory since then, it appears to have become the most popular coffee stock since <strong>Starbucks</strong>(SBUX -1.88%).</p>
<div class="lb-trans"><p>在咖啡市場，近年來最大的驚喜之一是 <strong>Dutch Bros</strong>(BROS -7.63%)。今年早些時候，其股票達到了歷史最高點。儘管自那時以來幾乎回落到熊市區域，但它似乎已成為繼 <strong>Starbucks</strong>(SBUX -1.88%) 之後最受歡迎的咖啡股票。</p>
</div><p>Given its current state, Dutch Bros could easily outperform the well-established coffee giant over the next few years, and one reason shows why.</p>
<div class="lb-trans"><p>考慮到目前的狀態，Dutch Bros 在未來幾年內很可能輕鬆超越這家成熟的咖啡巨頭，而其中一個原因説明了這一點。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE3NDgvZHV0Y2hfYnJvc19jb2ZmZWVfc2hvcF93aXRoX2xvZ29fYnJvcy5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F831748%2Fdutch_bros_coffee_shop_with_logo_bros.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>Why shareholders should focus on Dutch Bros</h2>
<div class="lb-trans"><h2>為什麼股東應該關注 Dutch Bros</h2>
</div><p>Investors should focus on Dutch Bros due to its regional-to-national expansion. Historically, regional-to-national expansions have driven outsized gains for stores like <strong>Home Depot</strong> and <strong>Walmart</strong>, but the most relevant example for Dutch Bros is its largest competitor, Starbucks.</p>
<div class="lb-trans"><p>投資者應該關注 Dutch Bros，因為它正在進行區域到全國的擴張。歷史上，區域到全國的擴張為 <strong>Home Depot</strong> 和 <strong>Walmart</strong> 等商店帶來了超額收益，但對 Dutch Bros 最相關的例子是其最大競爭對手 Starbucks。</p>
</div><p>When Starbucks began trading in 1992, it only had 165 locations. In subsequent years, the national and then global expansion grew to its current footprint of over 41,000 stores. That growth path has earned Starbucks returns of nearly 26,000% over its 33-year history, but has also exhausted nearly all remaining domestic-growth prospects.</p>
<div class="lb-trans"><p>當 Starbucks 在 1992 年開始交易時，它只有 165 個門店。在隨後的幾年中，其全國乃至全球的擴張增長到目前超過 41,000 家門店的規模。這一路徑使 Starbucks 在其 33 年的歷史中獲得了近 26,000% 的回報，但也幾乎耗盡了所有剩餘的國內增長前景。</p>
</div><p>Now, it's Dutch Bros' turn. As of the end of the second quarter of 2025, the company has grown to 1,043 shops in 19 states, 14% more shops than 12 months prior.</p>
<div class="lb-trans"><p>現在輪到 Dutch Bros 了。截至 2025 年第二季度末，該公司在 19 個州已增長至 1,043 家門店，比 12 個月前增加了 14%。</p>
</div><p>That increase means that revenue, which came in at $771 million for the first half of the year, rose 29%, compared to the same period last year. Also, same-store sales, which only apply to stores opened for more than 15 months, increased by 5% in the year's first half.</p>
<div class="lb-trans"><p>這一增長意味着，年初上半年收入為 7.71 億美元，同比增長 29%。此外，僅適用於開業超過 15 個月的門店的同店銷售在今年上半年增長了 5%。</p>
</div><p>Investors should expect the growth to continue. The company has outlined a goal of having 2,029 shops by 2029, a target that would nearly double its footprint in four years.</p>
<div class="lb-trans"><p>投資者應該預期這種增長將繼續。該公司已設定目標，到 2029 年擁有 2,029 家門店，這一目標將在四年內幾乎將其規模翻倍。</p>
</div><p>Looking at the stock, it has increased by just over 130% over the last year. Although Dutch Bros can't guarantee a repeat of that performance, the regional-to-national expansion makes continued stock-price growth highly likely.</p>
<div class="lb-trans"><p>從股票來看，過去一年其股價上漲了超過 130%。儘管 Dutch Bros 無法保證重複這樣的表現，但區域到全國的擴張使得持續的股價增長極為可能。</p>
</div>

想要在股市中勝出？一個理由讓你將目光投向 Dutch Bros 的股票