Black Rock Coffee Bar Raises 2026 CapEx to $40–41M, Reports 10.1% Same-Store Sales Growth
Black Rock Coffee Bar will boost 2026 capital expenditures to $40–41 million, allocating 25% to the 2027 pipeline and opening 32 new stores in 2025. Same-store sales rose 10.1% on a 16.4% two-year stack, even as adjusted EBITDA margins may slip 30–60 basis points from elevated coffee costs.
1. Capital Expenditure Increase and 2027 Pipeline
Black Rock Coffee Bar increased its 2026 capital expenditure outlook from $35 million to $40–41 million, committing roughly 25% to 2027 unit development to accelerate its expansion pipeline.
2. Margin Outlook and Coffee Cost Pressure
Adjusted EBITDA margin is forecast to decline by 30–60 basis points in 2026 as coffee costs remain elevated in the first half, with anticipated partial relief in the second half supported by inventory management improvements.
3. Store Growth and Same-Store Sales Performance
The chain opened 32 new units in 2025, surpassing targets and driving 10.1% same-store sales growth with a 16.4% two-year stack, underpinned by healthy traffic and robust guest engagement.
4. Loyalty Program and Marketing Initiatives
Loyalty program participation reached 65%, with members visiting more frequently and spending more per visit; paid media, segmented targeted offers, and the OLIPOP dirty soda LTO support new market openings and member acquisition.