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TOAST INCTOAST INCTOAST INC

TOAST INC

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Toast Plans To lay Off 10% of its Workforce, As Growth SlowsToast, ( NYSE:TOST ) maker of restaurant management software, stated on Thursday it will lay off 550 employees, about 10% of its workforce. The company also reported fourth-quarter earnings that beat Wall Street’s expectations. Several Tech companies have instituted layoffs in 2024. On Wednesday Cisco ( NASDAQ:CSCO ) said it would eliminate 4,000 jobs as sales declined and clients became even more cautious about spending. Toast’s ( NYSE:TOST ) shares were initially up as much as 16%.88 after hours but then gave back much of the gains. According to the recently published report, the company's earnings per share were a loss of 7 cents per share, which is better than the expected loss of 11 cents per share. The revenue for the quarter was $1.04 billion, which exceeded expectations of $1.02 billion. Toast ( NYSE:TOST ), as per the statement released by the company, saw an increase of nearly 35% in revenue as compared to the previous year. Its net loss of $36 million in the current quarter is an improvement from the $99 million loss in the same quarter last year. The company has allocated $250 million for share buybacks. The pandemic led many restaurants to adopt Toast’s mobile ordering and payment tools, which helped double the company’s revenue. Shares debuted on the New York Stock Exchange in 2021, amid that uptick. Demand has sublimed since then, down from 37% in the third quarter and about 45% in the second quarter. Toast ( NYSE:TOST ) faces increasing competition from the likes of Block, Fiserv, and Shift4, Bank of America analysts wrote in a December note as they reduced their rating on the stock from buy to neutral. Toast’s ( NYSE:TOST ) new layoffs should result in $45 million to $55 million in charges, mostly in the first quarter, and $100 million in annualized savings. Those cuts come weeks after Aman Narang, Toast’s co-founder and COO, replaced Chris Comparato as CEO. Under Comparato’s leadership last summer, Toast ( NYSE:TOST ) began to charged a fee of 99 cents for each online order that totaled more than $10. Consumers and restaurant owners objected, prompting urging the company to eliminate the surcharge.
NYSE:TOSTLong
by DEXWireNews
Toast's (TOST:NYSE) Recent Successes Impressive Financial Milestones: Toast's Recent Successes Exceeding $1 Billion Annualized Recurring Run-Rate In a recent announcement, Toast revealed remarkable financial achievements, surpassing the significant milestone of $1 billion in annualized recurring run-rate. This accomplishment underscores the company's robust business model and its capacity to capture recurring revenue streams, indicative of customer loyalty and market demand. Achieving Adjusted EBITDA Profitability and Positive Free Cash Flow A noteworthy highlight in Toast's recent financial report is its attainment of Adjusted EBITDA profitability and positive free cash flow, marking a pivotal moment since its initial public offering (IPO). This achievement demonstrates the company's dedication to achieving financial sustainability and efficiency in its operations. Anticipated Growth Trajectory Toast remains optimistic about its growth prospects, projecting continued increases in both revenue and Adjusted EBITDA for the third quarter of 2023 and the entirety of the year. This outlook speaks to the company's strategic planning, market positioning, and its ability to adapt to evolving market dynamics effectively. Comprehensive Platform and Competitive Edge Toast's success is attributed, in part, to its comprehensive platform that caters to various aspects of the restaurant industry. This all-encompassing approach enables the company to offer end-to-end solutions, enhancing its value proposition to clients. Additionally, Toast benefits from a competitive moat and strong network effects, solidifying its market position and reducing the threat of new entrants. Compelling Valuation and Limited Risks Intriguingly, Toast's valuation has become increasingly compelling as its financial performance improves. This presents an opportunity for potential investors to enter the market at an advantageous point. Furthermore, the company's approach to risk management has resulted in limited uncertainties, contributing to the overall appeal of investing in Toast's stock. Conclusion: A Promising Investment Prospect In conclusion, Toast's recent financial achievements, coupled with its projected growth, comprehensive platform, competitive advantages, appealing valuation, and prudent risk management, collectively position the company as a compelling investment opportunity. As the company continues to make strides in its industry, investors are likely to view Toast's stock as an attractive addition to their portfolios. This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
NYSE:TOSTLong
by CapitalMarketsEliteGroup
Long trade in TOSTTOST went public in late 2021 - just in time to get slaughtered in last year's bear market. But the stock is now turning around. I like the late-2021 and 2022 IPO bucket since a lot of these names have not had a chance to shine in a healthy market. Many are trading for a fraction of their IPO price and beginning to shine. TOST is one of them. After nearly doubling off its lows in the middle of last year, TOST began forming a large consolidation base. Notice how the stock respects its 200-day moving average. What was initially resistance has become support after reclaiming the 200-day, and TOST is now breaking out to new 52-week highs. Last week's pullback to the 21-day moving average (blue line) was immediately bought. We are seeing tennis ball action as TOST jumps right back to its highs which is a good sign of support buying. We are seeing the first base breakout in the stock's history which, historically, has led to substantial upside moves in new companies with game-changing products like Toast. NOTE: The company reports earnings on Thursday, 2/16 so I will be keeping exposure light until we see the numbers and how the stock reacts.
NYSE:TOSTLong
by rossgivens
TOST - Emerging from BaseTOST hit bottom 8.5 months ago on 12 May 2022 and began a 2 stage basing, lasting 3 and 5+ months respectively (pink and blue box shown on chart). During its basing, there were high volume accumulations on numerous occasions. Stage 2 basing occurred over 5.5 months with the stock whip-sawing around its 200 day moving average until the MA is no longer downward sloping but completely flat now (and ready to turn up...). Yesterday the stock finally pierced above the a critical neckline @ 22.50 and has remained above so far. The odds of this being a successful breakup is much greater now owing to the shift in overall market sentiment. An aggressive trader would enter on the breakof the neckline (Entry 1) with initial stop loss placed just below the most recent pivot low @20. The more conservative trader could wait until the uptrend is slightly more established and enter at #2. Watch out for earnings expected on 14 Feb. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:TOSTLong
by Juliac
TOST - potential golden cross & inverse H&SDespite the volatility, TOST is still showing superior relative strength to the market, now trading 66% above it's June's low of $12. A golden cross (50day MA crossing above it's 200day MA) might be happening soon, plus it is also trading close to the neckline of now a more apparent inverse Head & Shoulders Base. Perhaps these are signs that earnings (expected on 3 Nov) could surprise to the upside. Let's see! p/s still a very volatile market. trade at own risk. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:TOST
by Juliac
TOST - uptrend underway TOST broke out of an Adam & Eve bottom formation on 10 Aug and has since been rather choppy, retesting the neckline support twice. However, this stock is showing strength relative to the overall market, having already almost doubled from it's May's low @ 12.00. It is in early days yet, expect some choppiness due to the overall market uncertainties but as long as each pullback is minor (not more than 50% fib retracement of each mini swing up, worst case 61.8% retracement), then it's ok to sit tight (but raise your stops up to just below each pivot). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:TOSTLong
by Juliac
Toast Restaurant USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
NYSE:TOST
by Sunstorminvest
How Low Can Recent IPO Toast (NYSE: $TOST) Go❓Toast, Inc. operates a cloud-based technology platform for the restaurant industry in the United States and Ireland. It offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader that supports NFC, EMV, and MSR payments. The company also provides kitchen display system software that connects the front of the house with the kitchen staff; multi-location management software, which allows customers to manage and standardize their operations and configure menus; xtraCHEF by Toast, a restaurant-specific invoice management software; and Toast Flex for Kitchen, a larger format mountable piece of hardware that can be used as a kitchen screen. In addition, it offers Toast Online Ordering & Toast TakeOut app, a software that connects online channels, point of sale, menu management, and kitchen operations in real-time; First-Party Delivery services for restaurants to manage a fleet of drivers, and customize delivery hours, zones, fees, and minimum ticket sizes; Toast Delivery Services, which enables restaurants to utilize a partner network of delivery drivers; and Toast Delivery Partners services. Further, the company provides loyalty programs and branded gifts; payroll and team management products; business owner policy insurance and restaurant-specific add-ons; payment processing solutions; loans advanced to restaurants; purchase financing; reporting and analytics solutions; Toast Partner Connect that allows customers to discover, select, and connect their restaurant to its partners; and bi-directional APIs. The company was incorporated in 2011 and is headquartered in Boston, Massachusetts.
NYSE:TOST
by Bullishcharts