Toast Inc - TOST STOCK NEWS

Toast (NYSE: TOST) has secured a significant partnership with Dine Brands Global to implement its technology solutions across Applebee's locations nationwide. The implementation includes Toast point-of-sale terminals, Toast Go® handhelds, Kitchen Display Systems, and Restaurant Management Suite Enterprise.

The technology upgrade aims to enhance operational flexibility, improve labor efficiency, and elevate the guest experience at Applebee's restaurants. This marks a important evolution for the 45-year-old casual dining brand, with the new systems expected to streamline operations and allow team members more time for guest interactions.

Toast currently serves hundreds of multi-unit brands, including notable names like Caribou Coffee, Choice Hotels, and Potbelly Sandwich Shop. This partnership represents a significant expansion of Toast's enterprise-level implementations in the restaurant industry.

Toast (NYSE: TOST) has partnered with renowned food critic Keith Lee to launch a restaurant recognition initiative worth $150,000 in total cash prizes. The program will award $50,000 each to three deserving restaurants based on their Commitment to Hospitality, Community Connection, and Employee Care and Engagement.

Two restaurants have already been pre-selected by Keith Lee, while the third winner will be chosen through social media nominations. The nominator of the winning restaurant will receive an additional $25,000. Nominations are open until April 25, 2025, with winners to be announced on May 13.

This initiative is part of Toast's broader 'Little Things' campaign launched in early 2025, which includes collaborations with chef Matty Matheson, Sophia Roe, and Danny Grubs to showcase the intricate details of restaurant operations and hospitality excellence.

Toast (NYSE: TOST), the all-in-one digital technology platform for restaurants, has announced that its management team will participate in the Morgan Stanley Technology, Media & Telecom Conference. The presentation is scheduled for March 6, 2025, at 9:15 a.m. PST in San Francisco, CA. Interested parties can access the company presentation webcast through Toast's Investor Relations website at investors.toasttab.com/overview/.

Toast (NYSE: TOST) reported strong financial results for Q4 and full year 2024, marking its first year of GAAP profitability. The company added a record 28,000 net locations in 2024, reaching approximately 134,000 total locations, a 26% year-over-year increase.

Key financial highlights include: Annualized Recurring Revenue (ARR) grew 34% to over $1.6 billion; Q4 net income was $33 million with Adjusted EBITDA of $111 million; Full year 2024 net income reached $19 million with Adjusted EBITDA of $373 million. Gross Payment Volume (GPV) increased 25% year-over-year to $42.2 billion in Q4.

For 2025, Toast expects non-GAAP subscription services and financial technology solutions gross profit of $1,745-1,765 million and Adjusted EBITDA of $510-530 million. The company also announced an expanded partnership with Uber and signed agreements with major restaurant groups including Ascent Hospitality Management.

Toast (NYSE: TOST) has secured an agreement with Ascent Hospitality Management to implement Toast Enterprise Solutions across 500 Perkins and Huddle House restaurant locations. The implementation includes Toast point-of-sale terminals, Toast Go® mobile handheld devices, Kitchen Display Systems, and Toast's Restaurant Management Suite Enterprise.

Ascent Hospitality Management chose Toast as their cloud-based technology partner to enhance operational efficiency, improve guest dining experience, and support future growth. The partnership began with the first Perkins location implementing Toast last fall, with more restaurants transitioning to the platform.

This agreement adds to Toast's portfolio of multi-unit brand clients, which includes Caribou Coffee, Choice Hotels, Craveworthy Brands, and several other notable chains.

Toast (NYSE: TOST), a digital technology platform for restaurants, has announced it will release its fourth quarter and full year 2024 financial results after U.S. markets close on Wednesday, February 19, 2025. The company will host a conference call to discuss the results at 5:00 p.m. Eastern Time on the same day. The financial results and conference call details will be available on Toast's investor relations website, where a replay will also be accessible.

Toast (NYSE: TOST) announces expanded commitment to food and beverage retailers, showcasing its comprehensive retail solution at the National Retail Federation Show. The company is targeting convenience stores, bottle shops, and grocers with its Toast Retail platform, leveraging over a decade of restaurant technology experience.

The platform offers features including smart inventory planning, mobile-first technology with SmartScan, SKU management at scale, and SNAP EBT payment processing through Forage partnership. According to research, 56% of consumers now consider convenience stores viable alternatives to fast food restaurants for made-to-order food, while over half of food and beverage retailers offer some form of foodservice.

Toast's solution includes tools for checkout optimization, foodservice management, and integrations with Vroom and CityHive. The platform aims to help retailers operate more efficiently, modernize inventory management, and enhance customer experiences as the lines between retail and restaurants continue to blur.

Toast (NYSE: TOST) has launched 'It's the Little Things', a campaign highlighting the importance of small details in restaurant success. The initiative features collaborations with industry luminaries including Matty Matheson and Sophia Roe.

The campaign includes a short film at Manhattan's Marea restaurant, where Toast's technology was tested during a challenging service with complex orders. The film demonstrates how Toast's platform helps restaurants maintain smooth operations under pressure. According to Toast's research, 85% of diners prioritize friendly and professional service when choosing restaurants.

Additionally, Toast announced an upcoming 5-part video series with chef Sophia Roe, launching in early 2025, which will explore the nuances that make each restaurant unique. The series will feature conversations with industry leaders and will be distributed across Toast's social media channels.

Toast (NYSE: TOST) has released its Q3 2024 Restaurant Trends Report, revealing significant shifts in reservation patterns and price increases in food and drinks. The report, based on data from 127,000 restaurant locations, highlights a 11% increase in reservations on Mondays and Tuesdays, while Saturdays saw a 1% decline. Early bird dinners are on the rise, with fewer bookings post 7 p.m. Reservation cancellations dropped to 17% from 19% last year, and 45% of reservations were made for the same day.

Price increases were noted across various items: beer ($6.34, +2.4%), vodka drinks ($9.91, +2.7%), chicken tenders ($10.66, +4.8%), and steak ($26.62, +2.9%). Servers at full-service restaurants earned a median hourly wage of $6.24 and a median tip rate of $21.48. Total tips averaged 18.8%, consistent with Q2 2024. The report also includes detailed price growth for various food and drink items.