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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Toast's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Toast's position in the market.
News
Rhea-AI Summary
Toast (NYSE: TOST) released its Q3 2023 Restaurant Trends Report, providing insight into the overall state of the U.S. restaurant industry. The report includes data on dinner service transactions, reservation patterns, protein trends, and tipping behavior across various U.S. metropolitan areas. The report is based on aggregated data from approximately 99,000 restaurant locations on the Toast platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
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Rhea-AI Summary
Toast (NYSE: TOST) to Present at UBS Conference in Scottsdale, AZ
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.86%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.68%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.76%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.38%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.7%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.88%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.41%
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Rhea-AI Summary
Toast to present at Goldman Sachs Conference
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Rhea-AI Sentiment
End-of-Day
1.19%
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Toast, Inc.
NYSE:TOST
TOST Rankings
TOST Stock Data
13.12B
388.87M
11.01%
83.2%
5.29%
Data Processing, Hosting, and Related Services
Information
United States of America
BOSTON
About TOST
toast is an all-in-one point-of-sale and restaurant management platform. as a cloud-based system built specifically for restaurants, toast offers advanced functionality including tableside ordering, quick menu modifications, real-time enterprise reporting, online ordering, and labor management on an easy-to-use interface. want to be a toaster? join us! we move fast, work hard, have fun, and care deeply about our customers’ success. http://pos.toasttab.com/careers