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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.
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.
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.
Toast (NYSE: TOST) released its Q4 2022 Restaurant Trends Report, analyzing sales data from approximately 79,000 U.S. restaurant locations as of December 31, 2022. It reveals an increase in average transactions per restaurant in most metro areas, with New York City seeing a 10% rise compared to Q4 2021. The report also highlights that the average cost of a Valentine's Day dinner is $121, down from $107 in 2022. Additionally, tipping via card or digital payment has risen, accounting for 48% of QSR transactions, representing an 11% increase since Q1 2020. For more insights, visit the Toast Newsroom.
Toast (NYSE: TOST), a leading digital technology platform for restaurants, announced that its management will present at the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2023, at 12:15pm PT in
Toast (NYSE: TOST) reported strong financial results for Q4 and full year 2022, with annualized recurring run-rate (ARR) reaching $901 million, a 59% year-over-year increase. Gross Payments Volume (GPV) rose 49% to $25.5 billion, while total locations grew nearly 40% to approximately 79,000. Q4 revenue climbed 50% to $769 million, and gross profit surged 116% to $158 million. However, the net loss expanded to $(99) million, compared to a net income of $2 million in Q4 2021. For 2023, Toast anticipates revenue between $3,570 million and $3,660 million, along with an adjusted EBITDA loss ranging from $(30) million to $(10) million.
Toast (NYSE: TOST) announced its new integration with Google, allowing restaurants to enhance their online ordering capabilities via Google Search and Maps. This collaboration enables Toast users to tap into a significant market of potential customers, increasing visibility and simplifying the ordering process. The integration supports real-time updates for menus and orders, helping restaurants manage their takeout and delivery services effectively. With millions of guests searching for dining options online, this initiative aims to drive both orders and customer engagement, positioning Toast as a key player in the restaurant technology space.
Toast (NYSE: TOST) will release its fourth quarter and full year financial results for the period ending December 31, 2022 on Thursday, February 16, 2023, before the market opens. A conference call is scheduled for 8:30 a.m. Eastern Time the same day to discuss the results. Investors can access the results and join the conference call via the Toast investor relations website. As a cloud-based platform, Toast provides comprehensive solutions for the restaurant sector, enhancing operational efficiency and revenue generation.
Toast (NYSE: TOST), a comprehensive digital platform tailored for restaurants, will present at the Credit Suisse 26th Annual Technology Conference on November 30, 2022, at 11:40am MT in
Toast (NYSE: TOST) reported its Q3 2022 financial results, marking a milestone with over $100 billion in annualized Gross Payment Volume (GPV) for the first time. Key highlights include a 96% year-over-year growth in subscription revenue and a 60% increase in Annualized Recurring Revenue (ARR), reaching $868 million. Total revenue for Q3 was $752 million, growing 55% year-over-year, alongside an 82% rise in gross profit to $151 million. The company expects Q4 revenue between $730 million and $760 million and improved full-year projections for revenue and adjusted EBITDA.
Toast (NYSE: TOST) will release its financial results for Q3 2022 on November 10, 2022, after U.S. market close. A conference call is scheduled for 5:00 p.m. ET on the same day to discuss these results. Investors can access the financial report and call link on Toast's investor relations website. Toast provides an all-in-one digital technology platform catering to the restaurant industry, offering SaaS solutions for operations, digital ordering, marketing, and team management.
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