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. (NYSE: TOST) is a cloud-based, all-in-one digital technology platform built for the restaurant community and broader hospitality sector. The Toast news feed highlights company announcements that cover product innovation, financial performance, partnerships, and community initiatives relevant to restaurant and food and beverage operators.
Recent news has featured the expansion of Toast IQ, the company’s intelligence ecosystem and conversational AI assistant designed as an operator’s “right hand.” Articles describe how Toast IQ uses real-time and historical data from customer locations to surface proactive recommendations, answer complex business questions in plain language, and take actions such as updating menus or adjusting staffing-related settings directly within the Toast platform.
Toast news items also include earnings releases and financial updates, where the company reports metrics such as annualized recurring run-rate, total locations on the platform, and gross payment volume, along with commentary on its SaaS and financial technology solutions. Investors and operators can follow these updates to understand how Toast’s business and platform scale over time.
In addition, the news stream covers strategic partnerships, such as Toast’s multi-year global partnership with Uber Technologies, Inc., and collaborations with The Coca-Cola Company on AI-powered menu optimization features. Stories about programs like the Toast Changemakers initiative provide insight into the company’s community and social impact efforts. This page brings together these developments so readers can track how Toast’s technology, relationships, and restaurant-focused initiatives evolve.
Toast has released its inaugural Restaurant Trends Report, revealing a 41% year-over-year growth in restaurant sales as of 2021. The report highlights that sales on the Toast platform, which includes about 57,000 locations, have rebounded strongly, with same-store sales rising nearly 6% compared to pre-COVID levels. Notable trends include a 70% increase in on-premise dining and a 59% rise in takeout and delivery sales. Additionally, full-service restaurants outperformed quick-service restaurants, with total sales increasing by 55% year-over-year.
Toast (NYSE: TOST) reported a robust fourth quarter for 2021, with revenue soaring 111% year-over-year to $512 million. The annualized recurring run-rate (ARR) reached $568 million, marking a 74% increase. Gross payment volume (GPV) also surged, hitting $17 billion for the quarter, a 125% increase. However, the net loss for the year deepened to $487 million from $248 million. The outlook for Q1 2022 anticipates revenue between $469 million and $499 million and an adjusted EBITDA loss ranging from $(65) million to $(55) million.
Toast (NYSE: TOST) will announce its financial results for the fourth quarter and full year ended December 31, 2021, on February 15, 2022, after U.S. market close. Following the release, a live video webcast will be held at 5:00 p.m. ET to discuss the results, accessible via Toast’s investor relations website. As an all-in-one platform for restaurants, Toast provides software and financial solutions that streamline operations across various service channels. For further details, visit Toast’s investor relations website.
Toast (NYSE: TOST) has appointed Hilarie Koplow-McAdams to its board of directors, effective immediately. With over 30 years of experience in technology, she previously held leadership roles at New Relic, Salesforce, Intuit, and Oracle. Toast's CEO, Chris Comparato, expressed excitement over her joining, emphasizing her strong track record in the tech industry. Koplow-McAdams stated that Toast’s innovative approach and dedication to the restaurant industry align perfectly with her expertise, positioning the company for continued growth.
Toast has launched several innovative products at its Spark event aimed at improving restaurant operations amidst digital transformation. Key offerings include the Toast Restaurant Card, allowing faster access to sales year-round and exclusive cash rewards. Additionally, the platform now integrates with major delivery services, streamlining order management. The enhancements also feature payroll tools to facilitate employee tip distribution and payment management, crucial for retaining talent in a competitive labor market. These innovations aim to support restaurants in managing delivery profitability and enhancing employee experiences.
Toast (NYSE: TOST) reported impressive third-quarter results for 2021, with revenue of $486.4 million, up 105% year-over-year. The annualized recurring run-rate (ARR) grew by 77% to $543.8 million, and gross payment volume (GPV) rose 123% to $16.5 billion. Despite this growth, the company posted a net loss of $252.5 million, compared to a loss of $62.6 million in Q3 2020. For Q4 2021, Toast projects revenue between $465 million and $495 million and an adjusted EBITDA loss of $(50) million to $(40) million.
Toast, Inc. (NYSE: TOST) announced a partial early lock-up release of its Class A common stock. Up to 15% of vested equity held by employees and consultants may be sold starting November 11, 2021, following the earnings announcement on November 9, 2021. Additionally, if the stock price reaches $50 on November 10, 2021, up to 65,442,460 shares held by directors and executive officers will also be eligible for sale on November 12, 2021. The remaining shares will continue to be restricted under the lock-up agreements.
Toast (NYSE: TOST) is set to release its third-quarter financial results for the period ending September 30, 2021, after the close of U.S. markets on November 9, 2021. A live video webcast discussing the results will take place at 5:00 p.m. Eastern Time on the same day, available on Toast’s investor relations website. The earnings materials will also be accessible for 90 days post-event. Toast offers a comprehensive software platform for restaurants, enhancing operations and guest experiences across various service channels.
Toast (NYSE: TOST) has announced the virtual event 'Spark', set for November 16th, aimed at restaurant professionals. CEO
Toast, Inc. (NYSE: TOST) has successfully closed its initial public offering (IPO) of 25 million Class A shares, including an additional 3.26 million shares from underwriters, priced at
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