Toast (TOST) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Michael Senno - Senior VP of Finance & Strategy, Treasury and Investor RelationsAman Narang - Co-Founder, CEO & DirectorElena Gomez - President & CFOTimothy Chiodo - Managing DirectorDarrin Peller - Managing DirectorDominic Ball - VP - Equity ResearchRayna Kumar - Managing Director - Fintech Equity ResearchAndrew Bauch - Director - Equity ResearchJeremy Sahler - Software Equity Research Conference Call Participants Stephen Shel ...

Toast (TOST) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good afternoon. My name is Tamika, and I will be your conference operator today. At this time, I would like to welcome everyone to the Toast First Quarter twenty twenty five Earnings Conference Call. Today's call will be forty five minutes. I will now turn the call over to Michael Sinnell, Senior Vice President of Finance. You may begin your conference. Speaker1 Thank you, Tamika, and welcome everybody to Toast's earnings conference call f ...

Toast Announces First Quarter 2025 Financial Results Booked Applebee's, Toast's largest deal in company history Added over 6,000 net new Locations in first quarter 2025 Annualized recurring run-rate (ARR) as of March 31, 2025 grew 31% to $1.7 billion Net income was $56 million and Adjusted EBITDA was $133 million in first quarter For the full year ending December 31, 2025, Toast expects to report: Toast considers Non-GAAP subscription services and financial technology solutions gross profit to be its recurr ...

Investment Thesis Toast is, in my opinion, straightforward: The company enjoys strong moats that protect it from the existing competition, the Switching Costs moat, and the Network Effect moat. While enjoying the protection of its moat, Toast is still in its growth phase, with few main catalysts, namely the international expansion segments and vertical expansion launching new products. When pricing Toast to its median multiple within its comparable segments (Software and FinTech), Toast appears to be underv ...

Toast Inc. (TOST) recently partnered with Dine Brands Global, Inc. (DIN) , the parent company of iconic American restaurant chains like Applebee’s Neighborhood Grill + Bar, IHOP, and Fuzzy’s Taco Shop, for a nationwide technology rollout of Toast at Applebee’s locations across the United States. The initiative aims to modernize one of America’s most recognizable casual dining restaurants.The comprehensive rollout includes several industry-leading components from the Toast platform, such as Toast point-of-sa ...

文章核心观点 - 支付处理公司Toast于2021年上市时估值较高 后续虽业务增长可观 但股价仍远低于历史高点 [1] 投资者情况 - 投资者为英国的长期多头投资者 投资策略是寻找未来5 - 10年能实现多倍增长的公司 偏好持有期为永久 [1] - 投资者寻找营收和盈利大概率大幅增长且当前股价未充分反映其价值的公司 很少投资GAAP未盈利的股票 若投资也仅占小仓位 [1] - 投资者不局限于特定行业 偏好投资周期性较弱、增长较高的领域 地理上偏向美国 [1] - 投资者拥有英国CFA协会的投资管理认证资格 认为写作有助于理清思路、保证研究严谨性和自我监督 [1] - 投资者认为Seeking Alpha是很好的资源平台 加入成为贡献者是自然选择 [1]

文章核心观点 - Toast从绝对和相对角度看被高估，但具备强大自由现金流/收益生成能力、股东友好政策、独立于其他公司且有可观增长机会的领先公司很少被高估 [1] 分析师投资偏好 - 分析师为工业工程师，受质量投资分支启发，倾向长期买入并持有股票，主要关注科技股 [1]

文章核心观点 - 过去几年因估值过高，对投资美国公司持谨慎态度，盈利倍数普遍飙升，市场混乱后对风险投资的偏好再度出现 [1] 相关总结 - 分析师可能在未来72小时内通过购买股票、认购期权或类似衍生品，对TOST建立多头头寸 [1]

Whether in arms reach for movie nights, in desk drawers, on family road trips, or just because it's Tuesday, the limited-edition HERSHEY'S KISSES Cinnamon Toast Crunch™ flavored candies are perfect for any snacking occasion. "Cinnamon Toast Crunch™ is a favorite in the cereal aisle, and we're always looking for ways to bring our iconic taste to other places our consumers love. The new Hershey's Kisses Cinnamon Toast Crunch™ flavored candies are the perfect pairing we know fans and families will enjoy while ...

文章核心观点 - 尽管Toast公司面临宏观经济因素和美国关税政策带来的短期逆风，但由于门店增加和产品创新，长期前景依然乐观，且当前估值具有吸引力，建议投资者持有该股票 [13][14] 股价表现 - 过去一个月Toast公司股价暴跌16.8%，表现逊于Zacks计算机和科技板块（下跌11.5%）和标准普尔500指数（下跌7.4%），也落后于行业同行 [1] 股价下跌原因 - 市场整体疲软，投资者因贸易战升级担忧情绪恶化，关税提高引发成本上升和消费者购买力下降的担忧 [3] - 25%的关税上调可能导致普通独立餐厅运营商利润损失30%，整个餐饮行业损失高达121亿美元，公司业务面临风险，且已有小餐厅客户流失 [4] - 客户流失可能导致收入下降，同时为保持竞争力研发成本上升，预计将压缩利润率，引发投资者对股票的悲观情绪 [5] 公司发展亮点 - 公司正专注于在企业餐厅以及食品和饮料零售领域拓展业务，并开拓新市场如便利店行业 [6][7] - 2024年第四季度新增7000个门店，总数达到134000个，同比增长26% [7] - 重复客户占比增加推动年度经常性收入增长，基于套件的包装模式提高了用户平均收入 [8] - 专注创新，开发了人工智能营销套件、数字店面和餐厅管理系统等，新的产品有望提升竞争力 [9] 盈利预测 - Zacks共识预计2025年公司收入为60.7亿美元，同比增长22.3%，每股收益为92美分，同比增长2966.7% [10] - 过去四个季度中，公司有三次超出Zacks盈利预期，一次未达预期，平均盈利惊喜为197.4% [10] 估值情况 - 近期股价下跌使公司估值具有吸引力，当前远期12个月市销率为2.62，远低于Zacks计算机综合系统行业平均的5.70 [11]