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Toast, Inc. - TOST STOCK NEWS

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. (symbol: TOST) is a pioneering company providing an all-in-one point-of-sale (POS) and restaurant management platform. As a cloud-based system crafted specifically for the restaurant industry, Toast delivers an advanced set of functionalities designed to streamline operations and enhance efficiency. Key features include tableside ordering, quick menu modifications, real-time enterprise reporting, online ordering, and labor management, all accessible through an easy-to-use interface.

Established in the United States, Toast serves over 112,000 restaurant locations as of March 2024. The company's business model revolves around generating revenue through software subscription fees, a percentage take rate from each financial transaction processed, loan origination and servicing fees via Toast Capital, and hardware installation and professional services. Unlike many competitors, Toast intermediates every payment transaction on its platform, which amounted to an impressive $126 billion in gross platform volume in 2023.

Toast's product offerings are comprehensive, covering POS systems, inventory and payroll management, delivery integration, e-commerce ordering, reservation management, and loyalty programs. This diverse range of services positions Toast as a critical partner for restaurant operators looking to optimize their business processes and improve customer experiences.

Recent achievements for Toast include significant growth in user adoption, continuous enhancement of their platform capabilities, and strategic partnerships that expand their ecosystem. Toast Capital, the financial services arm of the company, also provides tailored loan products to help restaurants manage cash flow and invest in growth opportunities.

If you’re passionate about transforming the restaurant industry, Toast offers exciting career opportunities. The company prides itself on a fast-paced, hardworking culture that also values having fun and caring deeply about customer success. Join Toast and be part of a team that’s making a real difference in the lives of restaurant operators and their patrons.

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Toast reported strong first quarter 2024 financial results, with 6,000 new locations added, ARR growing 32% to $1.3 billion, and net loss at $(83) million. The company's CEO highlighted top-line growth and margin expansion, positioning Toast for durable growth and margin expansion.

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Toast (NYSE: TOST) has launched Digital Storefront and Marketing Suites to enhance restaurants' online presence and guest engagement. The Digital Storefront Suite offers website and online ordering capabilities, while the Marketing Suite provides tools for automated marketing campaigns. These suites enable restaurants to gather guest data, create targeted campaigns, and offer customized guest experiences. The press release highlights how these innovations aim to attract and retain guests through online engagement.

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Toast (NYSE: TOST) launches Restaurant Management Suite to provide enterprise brands with exclusive data, insights, and control. The suite includes Advanced Restaurant Analytics, Multi-Location Management, Menu Manager, and Benchmarking tools. Partner integrations, API access, E2EE, and P2PE payment security solutions are also available. Customer testimonials highlight improved operational efficiency and reduced administrative workload.
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Toast (NYSE: TOST) to release Q1 2024 financial results on May 7, 2024, followed by an Investor Day on May 29, 2024.
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Toast (NYSE: TOST) releases its Q4 2023 Restaurant Trends Report, offering insights into the U.S. restaurant industry's performance during the holiday season, large events, food and alcohol preferences, and tipping trends.
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Toast (TOST) to Present at Morgan Stanley Conference in March 2024
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Toast (NYSE: TOST) partners with Caribou Coffee to implement Toast Enterprise Solutions at 500 locations in the U.S., enhancing guest experience and operational efficiency.
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Toast (NYSE: TOST) reported strong financial results for Q4 2023, with ARR reaching $1.2 billion, GPV increasing to $33.7 billion, and revenue growing 35% year over year. The company ended 2023 with over 106,000 locations and saw a 34% increase in total locations. Toast's gross profit and non-GAAP gross profit showed significant growth, with subscription services and financial technology solutions also performing well. Despite a net loss in Q4 2023, the company's Adjusted EBITDA improved. For the full year 2023, Toast reported revenue growth of 42% to $3.9 billion and GPV growth of 38% to $126.1 billion. The company's outlook for 2024 indicates further growth in non-GAAP subscription services and financial technology solutions gross profit and Adjusted EBITDA.
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Toast technology partners with Choice Hotels International to implement Toast for Hotel Restaurants technology as a brand standard for Cambria Hotels and Radisson, aiming to digitalize the guest experience and streamline food and beverage operations. The collaboration is set to accelerate growth in food and beverage programs, integrate with property management systems, and improve guest satisfaction. It includes the implementation of Toast Go® 2 handhelds, Mobile Order & Pay, Toast Online Ordering, Kiosks, Kitchen Display Systems, and Toast Payments. This collaboration aims to enhance the dining experience for guests and hotel staff, increasing lobby marketplace sales and empowering operators to drive food and beverage sales.
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Toast (NYSE: TOST) will release financial results for Q4 and full year 2023 on February 15, 2024. A conference call will be held to discuss the results. The news release and conference call link will be accessible on the Toast investor relations website.
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FAQ

What is the current stock price of Toast (TOST)?

The current stock price of Toast (TOST) is $42.74 as of November 22, 2024.

What is the market cap of Toast (TOST)?

The market cap of Toast (TOST) is approximately 24.4B.

What does Toast, Inc. do?

Toast, Inc. provides an all-in-one point-of-sale and restaurant management platform designed to streamline restaurant operations.

How does Toast generate revenue?

Toast generates revenue through software subscription fees, transaction-based fees, loan origination and servicing fees, and hardware installation and professional services.

How many restaurant locations use Toast?

As of March 2024, over 112,000 restaurant locations across the United States use Toast's services.

What are some key features of Toast's platform?

Key features include tableside ordering, quick menu modifications, real-time enterprise reporting, online ordering, and labor management.

What distinguishes Toast from its competitors?

Unlike many competitors, Toast intermediates every payment transaction on its platform, processing $126 billion in gross platform volume in 2023.

What is Toast Capital?

Toast Capital is the financial services arm of Toast, providing loan products to help restaurants manage cash flow and invest in growth opportunities.

What kind of partnerships does Toast engage in?

Toast forms strategic partnerships to enhance its ecosystem and expand its platform capabilities.

What is the culture like at Toast?

Toast has a fast-paced, hardworking culture that values having fun and deeply caring about customer success.

How can I join Toast?

You can explore career opportunities at Toast by visiting their careers page: http://pos.toasttab.com/careers.

What recent achievements has Toast made?

Toast has seen significant growth in user adoption, continuous platform enhancements, and strategic partnerships that expand their service offerings.

Toast, Inc.

NYSE:TOST

TOST Rankings

TOST Stock Data

24.42B
419.79M
9.68%
88.25%
5.62%
Software - Infrastructure
Services-computer Processing & Data Preparation
Link
United States of America
BOSTON