Toast shares continue to crumble in the wake of a mixed earnings report that's prompted questions about the restaurant-technology company's business drivers.
Toast Inc. shares continue to crumble in the wake of a mixed earnings report that’s prompted questions about the restaurant-technology company’s business drivers.
... Toast Inc. shares continue to crumble in the wake of a mixed earnings report that’s prompted questions about the restaurant-technology company’s business drivers. “We can confidently say that TOST delivered the most impressive results vs any name in our coverage in 2022,” he wrote. “While detractors would point to mixed messaging each quarter, the consistency and magnitude of upside surprises gave the bulls the upper hand. After TOST’s 4Q print, we’re less confident in that trend continuing, and believe the bears have credible reasons to be skeptical.”
Bauch also noted that Toast Capital, a segment of the business that offers financing to restaurants, represented a greater portion of company gross profit in the fourth quarter than in the third quarter.
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