1743 ET - Toast's 26% increase in the total number of restaurants it provides payment services to should have driven gross payment volume higher in the fourth quarter. The developer of payment systems saw a 25% increase in gross payment volume to $42.2 billion. While this key metric beat Wall Street expectations, the growth was below the percentage rate for location gains in the period. This suggests consumer spending across restaurants remains weak in the U.S. and a concern for analysts. Toast shares are down 2.3% to $39.29 in post-market trading, despite having also beat revenue expectations in the fourth quarter. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
February 19, 2025 17:43 ET (22:43 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。