Welcome to our dedicated page for Toast news (Ticker: TOST), a resource for investors and traders seeking the latest updates and insights on Toast stock.
Toast Inc (TOST) provides a unified cloud-based platform transforming restaurant operations through integrated POS systems and management tools. This news hub delivers official updates for stakeholders tracking the company’s product innovations and market position.
Access curated press releases and analysis covering financial results, technology partnerships, and platform enhancements. Key updates include earnings announcements, new feature rollouts, and strategic initiatives shaping the restaurant technology sector.
Discover verified information about payment processing innovations, digital ordering capabilities, and enterprise reporting tools. Our repository ensures efficient tracking of developments impacting restaurant operations and investor considerations.
Bookmark this page for streamlined access to Toast’s evolving ecosystem. Return regularly for insights into how their end-to-end solutions continue redefining hospitality management technology.
Toast (NYSE: TOST) and Uber (NYSE: UBER) have expanded their partnership to help restaurants reduce costs and reach more diners with commission-free delivery. This new integration between Toast Delivery Services and Uber Direct will enable restaurants across the U.S. to save on delivery fees, expand their delivery radius, and use Uber's extensive delivery network for local deliveries of orders made by phone and through Toast's digital ordering channels, including Online Ordering, Branded Mobile App, and Local by Toast (formerly Toast TakeOut) app.
Since 2021, Toast and Uber have partnered to deliver orders made through the Uber Eats app. With this expanded partnership, restaurants can now offer local delivery for sales made from their Toast digital ordering channels and by phone, while accessing commission-free delivery for a low flat fee per order. Uber Direct is used by various businesses including restaurants, grocers, and retailers. The expanded integration aims to provide restaurants with more choice and help them maximize their margins.
Toast (NYSE: TOST) announced that its management team will participate in the UBS Global Technology Conference in Scottsdale, AZ. The presentation is scheduled for Wednesday, December 4, 2024, at 8:55 a.m. MST. Interested parties can access the webcast through Toast's Investor Relations website.
Toast (NYSE: TOST) reported third quarter 2024 financial results, highlighting significant growth and strong financial performance. The company added approximately 7,000 net new locations, bringing the total to nearly 127,000, a 28% year-over-year increase. Annualized recurring run-rate (ARR) grew 28% to $1.6 billion. Gross Payment Volume (GPV) increased 24% year-over-year to $41.7 billion. GAAP subscription services and financial technology solutions gross profit rose 35% to $365 million, and adjusted EBITDA reached $113 million, compared to $35 million in Q3 2023. GAAP net income was $56 million, a turnaround from a GAAP net loss of $(31) million in Q3 2023. Net cash provided by operating activities was $109 million, with Free Cash Flow at $97 million. Toast's outlook for Q4 2024 includes non-GAAP gross profit between $370 million to $380 million and adjusted EBITDA between $90 million to $100 million. For the full year, non-GAAP gross profit is expected between $1,395 million to $1,405 million, and adjusted EBITDA between $352 million to $362 million.
Toast (NYSE: TOST) has announced it will release its third quarter 2024 financial results after U.S. markets close on Thursday, November 7, 2024. The company will host a conference call at 5:00 p.m. Eastern Time on the same day to discuss the results. The financial report and conference call access will be available on Toast's investor relations website, where a replay will also be accessible afterward.
Toast (NYSE: TOST) has announced its Fall Product Release, introducing new mobile features to help restaurants increase revenue and strengthen guest relationships. The key highlights include:
- A Branded Mobile App allowing restaurants to launch customizable iOS and Android apps, integrated with online ordering, POS, and loyalty programs.
- SMS Marketing enabling restaurants to send targeted promotions and messages to guests in real-time.
These innovations aim to drive traffic, grow brand loyalty, and provide restaurants with more ways to connect with guests on their mobile devices. The Branded Mobile App offers customization options, while SMS Marketing leverages AI and automation for efficient communication. Both features are designed to increase repeat orders, boost average check sizes, and enhance guest engagement.
Toast's Q2 2024 Restaurant Trends Report reveals key insights into the U.S. restaurant industry. Quick-service restaurant prices increased across popular lunch items, with sandwiches and wraps averaging $11.26 (+4.6% YOY). Consumer spending shifted towards breakfast and away from dinner and late-night transactions in 20 U.S. cities. In California, QSR cashiers earned a median hourly wage of $16.98 in June.
Tipping rates decreased slightly, with the total average at 18.8%. Full-service restaurant tips dipped to 19.3%, while QSR tips dropped to 15.9%. The report also highlights regional food preferences, with sandwiches and wraps being the most popular in most states, except for tacos in California, Nevada, Oregon, and Texas. The data is based on transactions from approximately 120,000 restaurant locations using Toast's platform as of June 30, 2024.
Toast (NYSE: TOST), the all-in-one digital technology platform for restaurants, has announced its participation in the Goldman Sachs Communacopia & Technology Conference in San Francisco. The company's management team is scheduled to present on Wednesday, September 11, 2024, at 10:50 a.m. PDT. Investors and interested parties can access a webcast of the presentation through Toast's Investor Relations website at https://investors.toasttab.com/overview/. This event provides an opportunity for Toast to showcase its technology and business strategy to a broader audience of investors and industry professionals.
Toast (TOST), a digital technology platform for restaurants, reported Q2 2024 financial results. The company added approximately 8,000 net new locations. Annualized recurring run-rate (ARR) grew 29% to $1.5 billion.
GAAP operating income reached $5 million, compared to a loss of $(80) million in Q2 2023. Net income was $14 million, a significant improvement from a $(98) million loss the previous year. Adjusted EBITDA was $92 million, up from $15 million. Gross Payment Volume (GPV) increased 26% year over year to $40.5 billion.
Total locations rose 29% to approximately 120,000. GAAP gross profit for subscription services and financial technology solutions grew 27% to $330 million, while non-GAAP gross profit increased 29% to $344 million.
For Q3 2024, Toast expects non-GAAP gross profit of $345M-$355M and Adjusted EBITDA of $70M-$80M. For the full year, it projects gross profit of $1,340M-$1,360M and Adjusted EBITDA of $285M-$305M.
Toast (NYSE: TOST), the all-in-one digital technology platform for restaurants, has announced the release date for its second quarter 2024 financial results. The company will disclose its financial performance for the quarter ended June 30, 2024, after the U.S. markets close on Tuesday, August 6, 2024. Following the release, Toast will host a conference call at 5:00 p.m. Eastern Time to discuss the results.
Investors and interested parties can access the news release containing financial results and a link to the conference call on Toast's investor relations website. For those unable to attend the live call, a replay will be made available on the same website.
Mavely announced the addition of two new executives, Usaid Khan and Kevin White, to its leadership team, aiming to accelerate growth and innovation in the influencer marketing space.
Usaid Khan, who will serve as Vice President of Business Development, brings experience from Thrasio and Amazon, where he led strategic partnerships and helped develop Amazon's live stream shopping program.
Kevin White, appointed as Vice President of Strategic Finance, joins from Toast (NYSE:TOST), where he was instrumental in building the Strategic Finance function. White will oversee budgeting, forecasting, corporate development, and long-term strategy at Mavely.
