The EPS beat and strong revenue growth are positive, but the revenue miss vs consensus and deceleration in same-store sales growth (5.2% vs 9.2%) warrant caution. With FY2026 guidance reaffirmed, the stock may rally on the earnings beat but could face resistance if macro headwinds pressure consumer spending. Monitor upcoming monthly sales data and Q2 2026 results for same-store sales trajectory.
Price Chart
Executive Summary
Black Rock Coffee Bar reported Q1 2026 EPS of $0.04, beating the $0.02 consensus by 100%, and revenue of $55.5M, slightly below the $56.6M estimate. Revenue grew 23.7% YoY, same-store sales rose 5.2%, and net income swung to $1.8M from a -$0.9M loss a year ago. The company reaffirmed full-year 2026 guidance, which tempers the bullish surprise from the quarter.
Key Financial Metrics
Key Facts
- EPS of $0.04 beat consensus of $0.02 by 100% (71.7% per filing context).
- Revenue of $55.5M grew 23.7% YoY but missed the $56.6M consensus by ~1.9%.
- Same-store sales grew 5.2% YoY, down from 9.2% in the prior year period.
- Net income of $1.8M vs. a net loss of $(0.9)M in Q1 2025.
- Adjusted EBITDA grew 23.5% to $7.4M; margin held flat at 13.4%.
- Company reaffirmed FY2026 guidance: revenue $255M-$257M, adjusted EBITDA $33.5M-$34.5M, 36 new store openings.
- Opened 9 new stores in Q1, ending period with 190 total locations.
- Cash and equivalents of $20.0M; $25M revolver undrawn; total debt $27.4M.
Financial Impact
EPS beat of $0.02 vs consensus; revenue miss of ~$1.1M vs consensus; net income swing of +$2.7M YoY
Risk Factors
- Revenue missed consensus by ~1.9%, which may cap upside despite the EPS beat.
- Same-store sales growth decelerated from 9.2% to 5.2% YoY, signaling potential demand softening.
- SG&A expenses grew faster than revenue (34.3% vs 23.7%), pressuring operating margins.
- Reaffirmed guidance provides no upside catalyst; any future miss could amplify downside.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3293407 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Press Release | $9.81 | awaiting T+60 | — | $10.37 (+5.71%) |
Oct 9, 2026 18d ago | SC 13G | $7.25 | awaiting T+60 | — | $10.37 (+43.03%) |
Sep 25, 2026 4w ago | Press Release | $7.19 | awaiting T+60 | — | $10.37 (+44.23%) |
Sep 25, 2026 4w ago | Press Release | $7.19 | awaiting T+60 | — | $10.37 (+44.23%) |
Sep 11, 2026 6w ago | Press Release | $8.48 | awaiting T+60 | — | $10.37 (+22.29%) |
Sep 1, 2026 7w ago | Press Release | $9.54 | awaiting T+60 | — | $10.37 (+8.70%) |
Aug 28, 2026 8w ago | Press Release | $9.13 | awaiting T+60 | — | $10.37 (+13.58%) |
Aug 28, 2026 8w ago | Press Release | $9.13 | awaiting T+60 | — | $10.37 (+13.58%) |
Aug 11, 2026 11w ago | Press Release | $8.23 | awaiting T+60 | — | $10.37 (+26.00%) |
Jul 30, 2026 12w ago | Press Release | $7.97 $9.81 | ▲ +23.09% | ▲ +20.62% | $10.37 (+30.11%) |
US Market Status
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