Toast is up 19% After Hours. Here’s Why #foodbusiness

Toast, a restaurant-focused digital platform, recently introduced tools like a Branded Mobile App and SMS Marketing to boost customer engagement. With these new features, managers can oversee operations and track real-time sales from anywhere. Toast added seven thousand new locations last quarter, bringing their total to nearly one hundred twenty-seven thousand—a twenty-eight percent increase from last year.

This growth drove Q3 revenue up twenty-seven percent year-over-year to one billion point twenty-four million dollars, with net income at fourteen million dollars, turning around from a previous loss. Earnings per share also rose to four cents, up one hundred thirty-two percent.

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