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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 (NYSE: TOST) reports 40% year-over-year growth in ARR, with over 6,500 net new locations added in Q3 2023. Financial highlights include a 37% increase in revenue to $1,032 million and an Adjusted EBITDA of $35 million.
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Toast's Voice of the Restaurant Industry Survey reveals that restaurants are facing challenges due to macroeconomic changes, but they remain resilient and are using technology to optimize their businesses. The survey shows that 29% of restaurants plan to expand in the next 12 months, compared to 17% in 2022. Employee training and revenue streams like delivery and catering are top priorities for restaurant operators.
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Toast, the all-in-one technology platform for restaurants, has announced significant updates to its platform, including the launch of a new mobile app and an enhanced point-of-sale (POS) experience. The Toast Now mobile app provides real-time reporting and key controls for restaurant owners and operators, while the new POS experience offers helpful features and workflows to speed up service. Both updates aim to boost restaurant efficiency and enhance control. Toast Now and the new POS experience are available to all Toast customers.
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Toast (NYSE: TOST) will release its financial results for Q3 2023 on November 7, 2023. A conference call will be held to discuss the results.
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Ohio drinks 159% more hard seltzer per restaurant location than the average U.S. State. Boston and Minneapolis metro area cafes and bakeries are up 6% YOY. Total tips on restaurants averaged 18.9% of total check amounts in Q2 2023, down slightly from 19.0% in Q1 2023.
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Toast launches new solution, Toast for Cafes & Bakeries, to help cafes, coffee shops, and bakeries add new revenue streams and grow their business. Catering Online Ordering and Restaurant Retail are among the new features. Approximately 12-32% of sales for small to medium-sized cafes and bakeries come from catering. Toast for Cafes & Bakeries allows customization of digital ordering experience for catering operations. Restaurant Retail provides a unified foodservice and retail platform. Toast for Cafes & Bakeries offers additional features such as Open View for easy order input, Order-Ready Boards for improved order pickup experience, and Item-Based Redemption and Offers for guest rewards and promotions. The Toast Fundraising feature allows guests to donate to non-profits. Multi-location cafe and bakery Maman has grown with Toast from six to 30+ locations.
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Aman Narang appointed as CEO of Toast effective January 1, 2024, replacing Chris Comparato. Both will remain on the Board. Comparato led Toast through a period of growth, taking the company public in 2021, expanding customer base to approximately 93,000 restaurant locations, and exceeding $1B in ARR. Narang is praised for his knowledge of Toast and the restaurant community.
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Toast to present at Goldman Sachs Conference
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Toast reported record results in Q2 2023, with ARR surpassing $1B and achieving positive Adj. EBITDA for the first time since IPO. They added over 7,500 net new locations and saw revenue growth of 45%. However, net loss increased compared to Q2 2022. The company expects continued growth in Q3 and the full year.
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Toast, the all-in-one technology platform for restaurants, has launched Toast Catering & Events, a new product integrated with the Toast point-of-sale system. The product aims to help restaurants manage large catering orders and event planning, providing features such as customizable banquet event orders, fulfillment tools, and lead management functionality. The launch of Toast Catering & Events is expected to support restaurants in diversifying their revenue streams and improving operational efficiency.
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FAQ

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

The current stock price of Toast (TOST) is $30.98 as of November 1, 2024.

What is the market cap of Toast (TOST)?

The market cap of Toast (TOST) is approximately 17.4B.

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

17.43B
461.00M
10.75%
85.95%
6.35%
Software - Infrastructure
Services-computer Processing & Data Preparation
Link
United States of America
BOSTON