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Dec 12, 2023
BOSTON, MA – Toast (NYSE: TOST), the digital platform built for restaurants, today announced that multi-concept fast casual and quick-service restaurant group Craveworthy Brands is implementing Toast at an additional 50 locations across its fast-growing portfolio for a total of 93 locations on Toast, with plans for further expansion.
Including brands such as Flat Top Grill, BD’s Mongolian Grill, Genghis Grill, Krafted Burger Bar + Tap, The Budlong Hot Chicken, Wing It On, and its newest concept, Lucky Cat Poke Bowls, Craveworthy sought a modern technology partner with flexibility to work across multiple brands and service models, and various stages of growth. In addition to Toast point-of-sale (POS) terminals, Craveworthy is using Toast Go® 2 handheld POS devices, Toast Kitchen Display Systems (KDS), and Toast Multi-Location Management.
“We needed a strategic partner who could provide the range of guest-facing products, ease of use, flexibility, and dedicated resources to help us drive change and accelerate growth — Toast is that partner,” said Jeremy Theisen, Chief Growth and Development Officer at Craveworthy Brands. “Since implementing Toast, we’ve seen a dramatic improvement in our team’s ability to operate more efficiently, from restaurant managers and IT support all the way up to leadership. The beauty of Toast is that it just works. I’m able to easily understand and analyze what’s going on in each restaurant, managers are able to spend less time troubleshooting and more time with guests, and anyone on our team can use Toast without a high level of technical expertise.”
Craveworthy also values Toast’s flexible ecosystem of 200+ integration partners and innovations, such as the new Toast Now mobile app, all of which help enhance the experience for restaurant teams and guests alike.
“Fast-growing restaurant companies like Craveworthy understand that they need the right technology partners in their corner in order to achieve their growth objectives and tailor guest experience across brands,” said Kelly Esten, Senior Vice President of Enterprise at Toast. “We’re delighted to partner with Craveworthy and other tech-forward brands looking to uplevel their tech stack and build foundations for scale — all while preserving their unique guest experiences.”
Toast currently serves hundreds of multi-unit brands, including Nothing Bundt Cakes, Papa Gino's & D’Angelo, The Human Bean, Bar Louie, Costa Vida Fresh Mexican Grill, and Juice It Up!, among others. For more information about Toast and its enterprise capabilities, visit our Toast for Enterprise page.
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,” “targets,” “may,” “could,” “should,” “will,” “expects,” “estimates,” “suggests,” “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 the Toast’s enterprise strategy, and the planned and future business arrangement with Craveworthy Brands.
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, 2022, Toast’s Quarterly Report on Form 10-Q for the three months ended September 30, 2023, 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.
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.
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