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Why Toast Stock Dropped 15% in February

Why Toast Stock Dropped 15% in February

Shares of restaurant-technology company Toast (NYSE: TOST) dropped 15.2% in February, according to data provided by S&P Global Market Intelligence. On Feb. 16, Toast reported full-year financial results for 2022. Looking at adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) -- a much easier profitability hurdle to jump over -- Toast still had a loss of $115 million in 2022.