Toast, Inc. Provides Expansion Plan for the Year 2024
February 15, 2024 at 05:00 pm EST
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Toast, Inc. announced net location adds in 2024 will follow the typical seasonal pattern. The company expects a lower first quarter similar to first quarter last year in the 5,500 range, then location adds will peak in second quarter as restaurants prepare for a busy season. More broadly, with a healthy pipeline, consistent go-to-market execution and increasing contribution from new segments as the year progresses, the company are well positioned to add more locations to platform in 2024 than last year.
Toast, Inc. offers cloud-based, end-to-end technology digital platform for the restaurant community. The Companyâs platform provides a suite of software as a service (SaaS), products and financial technology solutions, including integrated payment processing, restaurant-grade hardware, and an ecosystem of third-party partners. The Company's portfolio spans several product categories, including restaurant operations and point of sale, digital ordering and delivery, marketing and loyalty, team management, supply chain and accounting, financial technology solutions, and platform and insights. The Company serves as the restaurant operating system, connecting front-of-house and back-of-house operations across dine-in, takeout, and delivery channels. The Companyâs subsidiaries include Toasttab Ireland Limited, Toast Capital LLC, Toast Processing Services LLC, Toast MSC, Inc., Stratex HoldCo, LLC and OAE Software, LLC.