Why Toast Shares Are Falling Today

  • Toast, Inc (NYSE: TOST) reported fourth-quarter FY22 revenue growth of 50% year-on-year to $769 million, beating the consensus of $743.9 million.

  • ARR for Q4 was $901 million, up 59% Y/Y.

  • Gross Payment Volume (GPV) increased 49% Y/Y to $25.5 billion.

  • EPS loss of $(0.19) missed the consensus loss of $(0.14).

  • “As we continue to enhance our all-in-one digital platform, we’re helping restaurants diversify into additional service models, unlock new revenue streams, alleviate key pain points, and thrive in this dynamic operating environment,” said Toast CEO Chris Comparato.

  • Outlook: Toast sees Q1 revenue of $745 million – $775 million versus the consensus of $751.1 million.

  • Toast sees FY23 revenue to $3.570 billion – $3.660 billion, versus the consensus of $3.61 billion.

  • Price Action: TOST shares traded lower by 11.90% at $22.87 premarket on the last check Thursday.

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This article Why Toast Shares Are Falling Today originally appeared on Benzinga.com


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