STOCK TITAN

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.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.64%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.42%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.04%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.22%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.09%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.52%
Tags
none
-
Rhea-AI Summary
Toast reported strong financial results for Q1 2023, with net new locations of over 5,500 and ARR growing 55% YoY. Gross profit increased 96% YoY and non-GAAP gross profit grew 87% YoY. Revenue grew 53% YoY to $819 million. Toast expects revenue for Q2 2023 to be between $920 million and $950 million, and revenue for the full year to be between $3,710 million and $3,800 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.53%
Tags
-
Rhea-AI Summary

Toast (NYSE: TOST) has launched Toast Tables, a new reservation and waitlist management solution designed to enhance restaurant operations. This offering integrates with Toast's existing technology platform, providing features like real-time table updates and personalized guest profiles. Restaurants can access this solution at a flat monthly fee, eliminating per-cover fees and costly third-party platforms. The expansion of Toast's partnership with Google allows guests to make reservations through Google Search and Maps, streamlining the guest experience. Toast Tables caters to the rising demand for efficient reservation management, enabling restaurants to transform first-time visitors into loyal customers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.43%
Tags
none
Rhea-AI Summary

Toast (NYSE: TOST) announced that it will release its financial results for the first quarter ended March 31, 2023, after U.S. markets close on Tuesday, May 9, 2023. The company will hold a conference call at 5:00 p.m. Eastern Time on the same day to discuss the results. Investors and stakeholders can access the financial results and a link to the conference call through the Toast investor relations website.

Toast provides a comprehensive cloud-based platform designed for the restaurant industry, offering tools for operations, digital ordering, marketing, and team management. This all-in-one solution aims to enhance operational efficiency and customer experience for restaurants.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.79%
Tags

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