StockNews.AI
TOST
StockNews.AI
103 days

Toast Tees Up New Technology Platform for Topgolf

1. Toast partners with Topgolf for enterprise solutions across U.S. venues. 2. Topgolf will utilize various Toast technologies for improved guest experience. 3. The partnership aligns with Topgolf's growth strategy and enhances operational efficiency. 4. Toast serves multiple high-traffic brands, showcasing its market capabilities. 5. This venture may drive revenue growth and brand recognition for Toast.

7m saved
Insight
Article

FAQ

Why Bullish?

This partnership with Topgolf enhances Toast's market presence, similar to past ventures with other major brands.

How important is it?

The agreement with a significant player like Topgolf enhances Toast's operational scope and growth potential.

Why Long Term?

The integration of technology in Topgolf venues will likely lead to sustained revenue growth over time, akin to past collaborations in the hospitality industry.

Related Companies

SEASPLAYHLTMARMCD
BOSTON--(BUSINESS WIRE)--Toast (NYSE: TOST), the digital technology platform built for hospitality, today announced an agreement with modern golf entertainment leader Topgolf to implement Toast Enterprise Solutions across its venues in the United States. In addition to Toast point-of-sale (POS) terminals, Topgolf will use Toast Payments, Kitchen Display Systems (KDS), Toast Go® handhelds and Multi-Location Management. Topgolf is known for its laid-back, no-golf-experience-needed atmosphere, paired with delicious food and drinks from a full-service bar and restaurant. Selecting a new, modern POS partner was a critical step in its journey to continue both enhancing the guest experience for maximum enjoyment and support its growing footprint. With Player experience at the forefront, Topgolf sought a provider who could offer frictionless hospitality, with benefits such as in-bay food and beverage ordering capabilities and contactless payments, and was particularly attracted to features like Toast Go® handhelds. “We’re all about taking big swings at Topgolf, and Toast’s existing capabilities combined with its track record of scaling with brands as they grow gave us confidence to make this update with Toast as our new POS partner,” said Rafik Hanna, Senior Vice President, Topgolf Technologies at Topgolf. “We built Toast from the ground up to seamlessly manage all kinds of unique and complex food and beverage operations. Topgolf is a great example of an iconic, high-traffic concept that can benefit from the flexibility of our platform,” said Kelly Esten, Chief Marketing Officer at Toast. “Toast is thrilled to be working with Topgolf to provide an enjoyable and differentiated experience for their guests, and we look forward to demonstrating the power of acing a hospitality experience that two tech-forward companies can provide together.” Toast currently serves hundreds of multi-unit brands, including Caribou Coffee, Choice Hotels, Potbelly Sandwich Shop, Craveworthy Brands, Perkins American Food Co., Nothing Bundt Cakes, Papa Gino's & D'Angelo, and Costa Vida Fresh Mexican Grill, among others. For more information about Toast and its enterprise capabilities, visit our Toast for Enterprise page. About Toast Toast [NYSE: TOST] is a cloud-based, all-in-one digital technology platform purpose-built for the entire restaurant community. Toast provides a comprehensive platform of software as a service (SaaS) products and financial technology solutions that give restaurants everything they need to run their business across point of sale, payments, operations, digital ordering and delivery, marketing and loyalty, and team management. We serve as the restaurant operating system, connecting front of house and back of house operations across service models including dine-in, takeout, delivery, catering, and retail. Toast helps restaurants streamline operations, increase revenue, and deliver amazing guest experiences. For more information, visit www.toasttab.com. Forward-Looking Statements This press release contains “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the context of the statement and generally arise when Toast or its management is discussing its beliefs, estimates or expectations. Such statements generally include the words “believes,” “plans,” “intends,” “may,” “will,” “expects,” “anticipates,” “outlook,” “continues,” or similar expressions. These statements are not historical facts or guarantees of future performance, but represent the beliefs of Toast and its management at the time the statements were made regarding future events which are subject to certain risks, uncertainties and other factors, many of which are outside Toast’s control. Actual results and outcomes may differ materially from what is expressed or forecast in such forward-looking statements. Forward-looking statements include, without limitation, statements regarding Toast’s business plans and strategy in serving multi-unit customers, the agreement between Toast and Topgolf and its impact on Toast’s business and operations, and the implementation of the Toast platform at Topgolf venues. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Toast’s filings with the Securities and Exchange Commission (“SEC”), including in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations'' in Toast’s Annual Report on Form 10-K for the year ended December 31, 2024, and Toast’s subsequent SEC filings. Toast can give no assurance that the plans, intentions, expectations or strategies as reflected in or suggested by those forward-looking statements will be attained or achieved. The forward-looking statements in this release are based on information available to Toast as of the date hereof, and Toast disclaims any obligation to update any forward-looking statements, except as required by law. These forward-looking statements should not be relied upon as representing Toast’s views as of any date subsequent to the date of this press release. TOST-CORP More News From Toast, Inc.

Related News