Fast growing Oregon-based drive-thru coffee chain Dutch Bros ended its fiscal year on a high, beating expected earnings and revenue and has just opened its 1,000th store.

Dutch Bros ( BROS 0.81%) is one of the fastest-growing coffee chains in America. The drive-thru coffee chain was founded in 1994, it started to franchise its locations in 1999, and it went public in 2021. Its store count grew from 254 shops in 2015 to 950 in the third quarter of 2024, and it plans to keep expanding for the foreseeable future.

Coffee chain Dutch Bros swung to a profit in the fourth quarter, opening 32 new shops and posting revenue ahead of expectations. The analysts noted that mobile ordering increased from 7% of sales at the close of the third quarter to 8% at the close of the fourth,