Latest news with #ToastGo
Yahoo
4 days ago
- Business
- Yahoo
AmEx Gets a Taste of Toast: And a Bigger Bite of Hospitality?
American Express Company AXP has formed a multi-year strategic partnership with Toast, Inc. TOST, a restaurant technology platform, to elevate hospitality experiences. As part of this move, AmEx is integrating guest data from its restaurant reservation platforms, Resy and Tock, into Toast's hardware and software systems. This means servers using Toast Go handhelds or POS terminals will now be able to access real-time guest preferences, enabling more personalized service. In addition, Resy and Tock listings will become visible on Toast's platforms, like Local by Toast and Toast Tables. This partnership is important because it strengthens AmEx's position in the restaurant and hospitality ecosystem. By merging its dining network with Toast's operational tools, AXP creates a more seamless guest experience while expanding its influence over the customer journey, from reservation to payment. It also helps differentiate AXP from competitors by linking card membership to exclusive, data-enhanced hospitality services. Financially, AmEx stands to benefit through increased cardmember engagement and spending. More personalized experiences can drive higher loyalty and usage of AmEx cards at participating venues. Restaurants using Toast may prefer AmEx partnerships due to the enhanced marketing, visibility and data access, potentially improving retention and attracting more restaurants to its platform. Overall, the collaboration positions AXP to deepen customer relationships and expand merchant acceptance, while Toast gains access to new traffic sources and tools to boost hospitality outcomes. Moves like this signal AmEx's growing focus on tech-savvy Millennials and Gen-Z consumers, who tend to spend more than their older counterparts. AmEx's Full-Course Advantage Over Visa & Mastercard AmEx sets itself apart from peers like Visa Inc. V and Mastercard Incorporated MA by integrating deeply into the hospitality journey, not just at payment, but from reservation to service. Through partnerships and acquisitions, AXP offers personalized dining experiences, like servers accessing guest preferences in real time. This end-to-end control allows AmEx to create value beyond transactions, reinforcing its premium image. Visa and Mastercard, as payments-focused networks, lack similar consumer-facing platforms. By owning key touchpoints and enhancing loyalty through exclusive services, AXP positions itself as more than a payment processor; it's a hospitality partner, offering benefits that peers cannot easily replicate. AmEx'sPrice Performance, Valuation and Estimates Shares of AXP have declined 0.5% in the year-to-date period against the industry's growth of 2.3%. Image Source: Zacks Investment Research From a valuation standpoint, AmEx trades at a forward price-to-earnings ratio of 17.87X, down from the industry average of 20.89. AXP carries a Value Score of B. Image Source: Zacks Investment Research The Zacks Consensus Estimate for AmEx's 2025 earnings is pegged at $15.26 per share, implying a 14.3% jump from the year-ago period. Image Source: Zacks Investment Research The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mastercard Incorporated (MA) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report American Express Company (AXP) : Free Stock Analysis Report Toast, Inc. (TOST) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Daily Mail
19-05-2025
- Business
- Daily Mail
Applebee's fan favorite deal returns
By Published: Updated: Applebee's All You Can Eat (AYCE) specials are back in restaurants nationwide today. The restaurant chain is allowing customers to enjoy Riblets, Double Crunch Shrimp, and Chicken Tenders with endless fries. This marks Chicken Tenders' AYCE debut, and it comes with the choice of 8 delectable sauces, including Classic Buffalo, Honey BBQ, and Spicy Honey Mustard. 'Every combination is a win when it comes to our All You Can Eat Riblets, Double Crunch Shrimp, and Chicken Tenders,' said Reid Leslie, vice president of marketing. 'Whether starting with Riblets or Chicken Tenders paired with your favorite two sauces, followed by Double Crunch Shrimp, or sticking with your favorite - the combinations are endless.' The popular deal is running for a limited time and starts at $15.99 per person. The special comes in the midst of the restaurant chain's 'Lookin' Good' reimaging program, a multi-year effort aiming to make the look and feel of locations meet customer expectations. Applebee's is implementing the plan to help the chain climb out of its longtime financial struggles. Before the plan was initiated, around 300 Applebee's were closed between 2016 and 2023. The restaurant chain went on to shutter up to 35 restaurants closed in 2024. Applebee's employees and customers have also been adjusting to Toast Go handhelds and its kitchen display systems. Despite the changes, the brand suffered a 4.7 percent decline in sales during last year's fourth quarter. When not enjoying scrumptious AYCE food and Toast Go technology, customers can enjoy Strawberry Daq-A-Rita, Rum Breeze, or Part on the Beach Bacardi Buckets. The buckets feature $6 Watermelon Mana Margaritas containing Dwayne 'The Rock' Johnson's Teremana Tequila Blanco. Guests can also enjoy the restaurant chain's new dirty fountain sodas. Want more stories like this from the Daily Mail? Visit our profile page and hit the follow button above for more of the news you need.
