Black Rock Coffee Bar (NASDAQ:BRCB) reported higher first-quarter revenue and adjusted EBITDA as the drive-thru coffee chain continued opening new locations and leaned on loyalty, menu innovation and marketing initiatives to drive guest engagement.
Chief Executive Officer Mark Davis said the company delivered first-quarter revenue and adjusted EBITDA growth of 24% compared with the prior-year period, which he said was ahead of the company’s long-term growth algorithm. Chief Financial Officer Rodd Booth said total revenue rose 23.7% year over year to $55.5 million.
