Black Rock Coffee Bar Targets 1,000 Stores, Citing 29% Store Margins

Black Rock Coffee Bar (NASDAQ:BRCB) executives detailed an expansion strategy at a Baird investor conference.

Management reaffirmed a long-term model targeting 20% annual growth in units, revenue, and profitability. The company aims to reach a 1,000-store footprint by 2035.

CFO Rodd Booth reported that store-level margins currently exceed 29%. New locations require an average net investment of $650,000. The company projects first-year returns of 30% to 40% on these investments.