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Toast Shares Dip Despite Strong Q2 Performance and Upbeat Guidance
Toast Shares Dip Despite Strong Q2 Performance and Upbeat Guidance
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BTCCSquare news:
Toast (TOST) shares fell nearly 2% despite the cloud-based restaurant software provider posting record location growth and raising its full-year outlook. The company added 8,500 net new locations in Q2—a 24% annual increase—bringing its total footprint to 148,000 sites. Expansion into large chains like Firehouse Subs and international markets like Australia drove momentum.
Market share gains accelerated in top markets where Toast already commands over 30% penetration. New products including the Toast Go 3 handheld device and AI-powered ToastIQ analytics platform gained traction. The dip comes despite the stock remaining up 20% year-to-date, presenting a potential buying opportunity for investors bullish on restaurant tech adoption.
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