Toast Stock Drops 15% After Q1 Earnings—Why TOST’s Raised 2026 Outlook Wasn’t Enough
Toast Inc. tumbled nearly 15% Friday, with shares trading at $24.93 late in the morning—off $4.45 from their last close—even after the restaurant tech company lifted its full-year profit outlook. Investors shrugged at stronger location growth and higher payments volume, zeroing in on hardware cost headwinds and guidance for earnings instead.