Toast Inc Stock Price, News & Analysis

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 San Francisco, CA. The presentation will be accessible via the company's Investor Relations website. Toast's SaaS products and financial solutions streamline operations, enhance revenue, and improve guest experiences for the restaurant industry, encompassing services like point of sale, digital ordering, and marketing.

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.