Toast Inc Stock Price, News & Analysis

Toast Launches Toast Invoicing, a new product designed to help restaurants manage catering and wholesale orders along with their traditional business. Offered at no additional cost to current customers, the tool streamlines invoice management and payments, integrating seamlessly with existing operations. According to Toast’s survey, 72% of restaurants provide catering services, indicating a significant market need. The new invoicing feature allows for easy itemization, online payment options, and improved order tracking, enhancing operational efficiency.

Toast (NYSE: TOST) announced its management team's presentation at the Goldman Sachs Communacopia + Technology Conference in San Francisco, CA on September 13, 2022 at 9:15am PT. The presentation will be available via webcast on Toast's Investor Relations website. Toast is a cloud-based digital technology platform designed for restaurants, offering software and financial solutions to enhance operations, digital ordering, marketing, and team management, making it an all-in-one solution for the restaurant community.

Toast (NYSE: TOST) reported strong financial results for Q2 2022, with revenue growing 58% year-over-year to $675 million and a 59% year-over-year increase in Annualized Recurring Run-Rate (ARR), reaching $787 million. The company added over 6,000 net new locations, totaling approximately 68,000, marking a 40% increase. However, Toast reported a net loss of $54 million compared to $135 million in the prior year, with adjusted EBITDA of $(33) million. Looking ahead, Toast expects Q3 revenue between $700-$730 million and full-year revenue projections raised to $2.62-$2.66 billion.

Toast (NYSE: TOST) will announce its financial results for Q2 2022 ending June 30, 2022, on August 11, 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. The financial release and call details will be available on Toast's investor relations website. Toast is a digital technology platform for restaurants, offering a comprehensive suite of software and financial solutions to enhance operations and customer experience.

Toast (NYSE: TOST) has acquired Sling, an employee scheduling and management solution, to enhance its team management offerings for restaurants. Sling's features, including scheduling templates and in-app messaging, aim to improve labor cost management and employee satisfaction. This acquisition builds on a partnership established in April 2021 and further empowers Toast's services for approximately 11 million restaurant employees in the U.S. The integration is expected to streamline communication and operational efficiency within the restaurant industry.

Toast (NYSE: TOST), a digital platform for restaurants, has enhanced its mobile ordering and payment solutions, aiming to address challenges in the labor market. These updates allow guests at full-service restaurants to easily order and pay via mobile devices, potentially increasing sales and tips by an average of 10%. The new features include server-started ordering and customizable menus. Toast's offerings, now integrated at no extra cost, enable restaurants to adapt to rising supply costs and inflation while improving guest loyalty through data collection.

Toast (NYSE: TOST) released its Q1 Restaurant Trends Report, indicating significant changes in the U.S. restaurant industry. On-premise dining saw a remarkable 46% growth compared to Q1 2021, while takeout and delivery dropped 7%. The Western U.S. region performed the best, achieving 38% growth. Major cities like San Francisco and New York reported up to 57% growth in gross merchandise value. Despite challenges like labor shortages and rising input prices, the report highlights resilience in the industry as tipping remains steady across various restaurant types.

Toast (NYSE: TOST), a leading digital technology platform for restaurants, will present at two upcoming investor conferences. The first is the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 24, 2022, at 10:50 am ET in Boston, MA. The second is the William Blair Growth Stock Conference on June 8, 2022, at 12:40 pm CT in Chicago, IL. Webcasts of these presentations will be available on Toast's Investor Relations website. For further details about the company and its SaaS products, visit www.toasttab.com.

Toast (NYSE: TOST) has renewed its strategic partnership with US Foods (NYSE: USFD), enhancing their commitment to the restaurant industry. This partnership focuses on providing technology solutions to restaurant owners, aimed at saving time, boosting revenue, and improving customer experience. Toast's Chairman and CEO, Chris Comparato, emphasized the alignment of both companies in their mission to support restaurants. US Foods praised Toast for its innovative solutions crucial for their CHECK Business Tools program, which serves around 250,000 clients across the US.