Toast has dominated the restaurant industry over the past decade thanks to amazing tailwinds (free capital, torpidity from top competitors, a mostly-useless reseller distribution model) and great execution.
But there’s only so much upside when you serve, to quote Jim Cramer, the worst customers in the world.
Working on self-checkout, supermarkets and grocery this week for GroceryShop in Vegas. Noticed TOAST with a big booth there… Hunting new markets I think — Restaurant News & Finance – September 2025 — A quick look at financials and news — Chuys, Dardens, QSR, Chick-Fil-A, Papa Johns, Raising Cane, Del Taco and Jack in the Box — Bonus section TOAST Hunting Markets
https://www.linkedin.com/pulse/restaurant-news-finance-september-2025-craig-allen-keefner-xoksc/