Toast Data: Coffee and Tea Trends in All 50 States, New Restaurant Wage Data, and Breakfast Performance
Toast, Inc. (TOST)
Company Research
Source: Business Wire
The Q1 2024 Restaurant Trends report examines coffee and tea trends in all 50 states, breakfast transactions in 20 U.S. cities, and restaurant employee wage data. BOSTON--(BUSINESS WIRE)--Toast (NYSE: TOST), the all-in-one digital platform built for restaurants, today announced its Q1 2024 Restaurant Trends Report, providing insight into the overall state of the U.S. restaurant industry through an analysis of aggregated data from selected cohorts of restaurants and in select U.S. cities on the Toast platform, which serves approximately 112,000 restaurant locations as of March 31, 2024. Read more details about our methodology below.Key takeaways:In Q1 2024, guests across the U.S. paid an average of $3.08 for a cup of regular coffee, $5.14 for cold brew, $5.46 for lattes, and $3.74 for tea.1Tea is more popular than regular coffee in 30 states.2Saturday breakfast transactions grew 6% YOY (year-over-year), and Mondays dipped 4% YOY.3In Chicago, servers and bartenders at full-service re
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News
- Toast, Inc. (NYSE: TOST) had its price target raised by analysts at Bank of America Co. from $26.00 to $28.00. They now have a "neutral" rating on the stock.MarketBeat
- Toast, Inc. (NYSE: TOST) had its "buy" rating re-affirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $29.00 price target on the stock.MarketBeat
- Toast Restaurant Trends Report: The Cost of Going Out to LunchBusiness Wire
- Toast, Inc. (NYSE: TOST) was upgraded by analysts at Wedbush to a "strong-buy" rating.MarketBeat
- Toast Announces Participation at Goldman Sachs ConferenceBusiness Wire
TOST
Earnings
- 8/6/24 - Beat
TOST
Sec Filings
- 9/27/24 - Form 144
- 9/26/24 - Form 4
- 9/24/24 - Form 4
- TOST's page on the SEC website