1247 ET - Toast's agreement to implement its technology at Applebee's roughly 1,600 locations isn't necessarily significant to its base of 134,000 locations, D.A. Davidson analysts say in a research note. But the deal is still Toast's biggest chain win so far, and proves the company can continue gaining traction with larger restaurant brands, they say. The analysts say moving up-market to chains with over 500 units will be necessary for Toast to maintain strong growth over the next three to four years. "We expect the company will have success signing larger chains and larger wins should help the company drive revenue growth and further leverage fixed costs," the analysts say.(kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
April 14, 2025 12:48 ET (16:48 GMT)
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