The revenue miss and in-line EPS, combined with a deceleration in same-store sales growth (4.2% vs 10.9% last year), suggest limited upside catalyst near-term. Monitor the Q3 2026 earnings for same-store sales trends and store-level margin trajectory; the 2027 development pipeline provides a longer-term growth narrative but does not justify immediate bullish positioning given the stock's poor historical reaction to prior reports.
Price Chart
Executive Summary
Black Rock Coffee Bar reported Q2 2026 EPS of $0.06, in line with consensus, on revenue of $63.0M, slightly below the $64.6M estimate. Revenue grew 25% YoY and same-store sales rose 4.2%, but the EPS miss and a slight guidance revision (revenue range narrowed to $255-257M from prior expectations) temper the headline growth story.
Key Financial Metrics
Key Facts
- Q2 2026 EPS of $0.06 in line with consensus of $0.06 (a -4.0% miss vs the $0.0625 midpoint).
- Revenue of $63.0M missed consensus of $64.6M by ~2.5%.
- Total revenue grew 25.0% YoY to $63.0M; same-store sales growth of 4.2% vs 10.9% a year ago.
- Net income swung to $3.2M from a -$1.1M loss in Q2 2025; Adjusted EBITDA grew 17.2% to $9.4M.
- Full-year 2026 guidance: revenue $255-257M, Adjusted EBITDA $34-35M, 38 new store openings.
- Opened 10 new stores in Q2, reaching 200 systemwide; store-level profit margin improved to 30.2% from 29.5%.
- Cash and equivalents $16.0M; total debt $30.6M; $25M revolver undrawn.
Financial Impact
Q2 revenue $63.0M vs $64.6M consensus (-2.5% miss); EPS $0.06 in line. Full-year revenue guidance $255-257M implies ~25% YoY growth at midpoint.
Risk Factors
- Revenue miss vs consensus may pressure near-term sentiment.
- Same-store sales growth decelerating from 10.9% to 4.2% YoY, indicating potential demand normalization.
- High capital expenditure guidance ($42-43M) relative to operating cash flow ($19.2M H1 2026) could pressure liquidity if growth slows.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3343144 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | Press Release | $9.81 | awaiting T+60 | — | $9.92 (+1.12%) |
Oct 9, 2026 17d ago | SC 13G | $7.25 | awaiting T+60 | — | $9.92 (+36.83%) |
Sep 25, 2026 4w ago | Press Release | $7.19 | awaiting T+60 | — | $9.92 (+37.97%) |
Sep 25, 2026 4w ago | Press Release | $7.19 | awaiting T+60 | — | $9.92 (+37.97%) |
Sep 11, 2026 6w ago | Press Release | $8.48 | awaiting T+60 | — | $9.92 (+16.98%) |
Sep 1, 2026 7w ago | Press Release | $9.54 | awaiting T+60 | — | $9.92 (+3.98%) |
Aug 28, 2026 8w ago | Press Release | $9.13 | awaiting T+60 | — | $9.92 (+8.65%) |
Aug 28, 2026 8w ago | Press Release | $9.13 | awaiting T+60 | — | $9.92 (+8.65%) |
Aug 11, 2026 10w ago | Press Release | $8.23 | awaiting T+60 | — | $9.92 (+20.53%) |
Jul 30, 2026 12w ago | Press Release | $7.97 $9.81 | ▲ +23.09% | ▲ +20.62% | $9.92 (+24.47%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers