Black Rock Coffee Bar: Strong Revenue, Net Loss

Black Rock Coffee Bars shares plummeted by 5.6% in after-hours trading on November 11th, following a third-quarter loss announcement. Despite reporting a 24.2% revenue growth to $51.41 million, driven by strong sales at existing stores and new location openings, the company incurred a net loss of $16.2 million. This stark contrast to last years net loss of $700,000 and a shift from profit to loss in operating income led to investor concerns. However, the company remains optimistic, maintaining its full-year outlook for 2025, with expectations of total revenue between $199 million and $200 million, and plans to open 30 new stores this year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.