黑石咖啡吧有限公司-A 2025年第二季度报告

November 11, 2025 Total Revenue Growth of 24.2% Year Over Year Same Store Sales Growth of 10.8% Year Over YearOpened 11 New Stores in the Third Quarter SCOTTSDALE, Ariz., Nov. 11, 2025 (GLOBE NEWSWIRE) -- Black Rock Coffee Bar, Inc. (Nasdaq: BRCB) (“Black Rock CoffeeBar” or the “Company”) today announced financial results for the third quarter ended September 30, 2025. “Black Rock Coffee Bar delivered exceptional third quarter results, with strong revenue performance underpinned by robust samestore sales growth of 10.8% and 11 new store openings. Our community-focused operating model is yielding strong results acrossthe markets we operate in today, with our newest cohort exceeding sales expectations and store-level profit goals, while deliveringhealthy cash-on-cash returns, and outperforming the system on employee retention and guest satisfaction. As we embark on ourjourney as a newly public company, our strong and consistent execution against our strategic initiatives – driving a people firstculture, delivering a differentiated guest experience and executing our disciplined expansion strategy – gives us confidence in ourlong-term growth trajectory and ability to drive value for our shareholders.” Third Quarter 2025 Highlights Opened 11 new stores in the third quarter of 2025Total Revenue of $51.5 million, up 24.2% compared to the prior year periodSame Store Sales(1)increased 10.8% compared to the prior year periodIncome (Loss) from Operations of ($6.4) million as compared to $3.1 million in the prior year periodStore-Level Profit(2)of $15.2 million as compared to $11.7 million in the prior year periodSelling, General, and Administrative (“SG&A”) Expense of $17.2 million, or 33.3% of total revenue, compared to $4.9million in the prior year periodAdjusted Selling, General, and Administrative Expense(2)of $6.9 million, or 13.3% of total revenue, compared to $5.4million in the prior year periodNet Loss of $16.2 million, as compared to a Net Loss of $0.7 million in the prior year periodConsolidated Adjusted EBITDA(2)of $6.9 million, as compared to $5.1 million in the prior year period Initial Public Offering On September 15, 2025, Black Rock Coffee Bar, Inc. successfully closed its initial public offering ("IPO") of 16,911,764 shares ofClass A common stock, inclusive of the underwriter’s option, at a public offering price of $20.00 per share. The net proceeds fromthe IPO aggregated to approximately $306.5 million, after deducting underwriting discounts and commissions and expensespayable in connection with the offering. Shares of Class A common stock began trading on the Nasdaq under the ticker symbol"BRCB" on September 12, 2025. Balance Sheet & Liquidity Cash and Cash Equivalents of $32.6 million and Total Term Debt of $18.9 million. As of September 30, 2025, the Company had repaid $30 million under its $50 million term loan facility resulting in $20 million ofoutstanding borrowings at the end of the period. The Company's $25 million revolving credit facility remains undrawn. Full Year 2025 Outlook For the full year 2025, we expect: 30 new store openingsTotal Revenue in the range of $199 to $200 millionSame Store Sales growth in the high-single digitsConsolidated Adjusted EBITDA in the range of $26.5 to $27 million(3)Capital Expenditures in the range of $30 to $32 million (1) Same Store Sales growth is defined in the section "Key Performance Measures".(2) See “Non-GAAP Financial Measures” for a discussion of Store-Level Profit, Store-Level Profit Margin, Adjusted Selling, General, and Administrative Expense, andAdjusted EBITDA and reconciliation of each measure to its most directly comparable GAAP measure.(3) A reconciliation of adjusted EBITDA outlook to GAAP net income is not available without unreasonable efforts do to the due to the inherent difficulty in forecasting andquantifying with reasonable accuracy significant items required for the reconciliation, including share-based compensation. Conference Call and Webcast Information Black Rock Coffee Bar will host a conference call on November 11, 2025, at 5:00 p.m. Eastern Time to discuss third quarter 2025results. The conference call can be accessed live over the phone by dialing 1-877-704-4453 or for international callers,1-201-389-0920. A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or forinternational callers, 1-412-317-6671. The passcode for the live call and the replay is 13756076. The replay will be available untilTuesday, November 25, 2025. A live webcast of the conference call and related presentation materials will also be available in theinvestor relations section of Black Rock Coffee Bar’s website, ir.br.coffee. About Black Rock Coffee Bar Black Rock Coffee Bar is a high-growth operator of guest-centric, drive-thru coffee bars offering premium caffeinated beveragesand an elevated in-store experience crafted by our engaging baristas. Black Rock Coffee Bar was founded in 2008 i