Toast Q1 EPS Misses, Shares Drop 6%

Toast Inc. reported Q1 adjusted EPS of $0.20, below analyst consensus of $0.27, causing a 6% share decline.
Revenue hit $1.63 bn, matching forecasts and up 22% YoY, while total locations rose to 171,000, adding ~7,000 net new sites.
Company lifted full‑year guidance, projecting subscription‑services gross profit $2.29‑$2.32 bn and adjusted EBITDA $790‑$810 m.
Toast repurchased 14 million shares for $378 million YTD through May 6, reflecting ongoing capital return to shareholders.