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Black Rock Coffee Bar shared its Q3 results, showing a 30% sales jump to $67 million.

ResultsRead the original at Benzinga
Good for BRCB

Black Rock Coffee Bar reported 30% sales growth and 5.8% growth at existing cafes. Q3 adjusted EBITDA grew more slowly as the company spent on new stores and longer hours, but 40 planned openings and expected Q4 growth above 30% support a positive reading.

BRCB · Black Rock Coffee Bar

AI read · Good for BRCB

The AI's read

More customers are buying at existing cafes, and new locations are adding to growth. In Q3, sales grew faster than adjusted EBITDA as the company spent on new stores and longer hours. Management expects adjusted EBITDA growth above 30% in Q4 and kept its full-year sales forecast at $255 million to $257 million. Those points support a positive reading despite the slower Q3 profit growth.

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