Latest news with #SavneetSingh
Business Wire
5 hours ago
- Automotive
- Business Wire
RaceWay Selects PAR ® Technology to Power its New Rewards Program
ATLANTA--(BUSINESS WIRE)-- RaceWay, a leading convenience retailer with over 240 locations that operates as a Franchisor for parent company RaceTrac, selected PAR® Technology Corporation (NYSE: PAR), as its technology partner for the launch of its new customer loyalty program, RaceWay Rewards. Built on PAR Retail™, PAR's industry-leading platform purpose-built for convenience and fuel retail, this new program looks to reward and engage RaceWay's network of loyal customers. With locations in 11 states, RaceWay has been the trusted destination for convenience, quality, and great service for over 80 years. And with the launch of their first loyalty program, RaceWay Rewards, the company is taking its 'hometown store' experience to the next level. This innovative loyalty program leverages advanced technology to deliver personalized, seamless experiences and exclusive deals to customers. 'Our team is excited to unveil our first customer loyalty program, RaceWay Rewards, which will enable us to further strengthen customer connections while still providing our signature 'hometown store' identity," said Kamran Din, Director of Revenue Growth Management at RaceWay. 'Our partnership with PAR allows us to leverage personalized, data-driven technology to turn every customer engagement into an opportunity to build brand loyalty.' RaceWay partnered with PAR Retail for this launch due to its proven technology solutions that empower retailers to offer personalized rewards and enhance customer experience. RaceWay Rewards is designed to create immediate value for members through tailored offers, while also helping franchisees drive repeat visits, increase engagement, and build lasting customer loyalty. 'RaceWay Rewards will greatly enhance the guest experience in the convenience and fuel industry. Together, we will deliver meaningful savings to thousands of customers across the country every day—an advantage that's becoming increasingly important to today's value-conscious consumers," said Savneet Singh, CEO of PAR Technology. "PAR Retail's integrated system of solutions is engineered to scale and adapt with brands, bringing together real-time data analytics, personalized interactions, and forward-thinking innovation to drive meaningful business outcomes.' With this partnership, RaceWay is well positioned for continued growth in its loyalty offerings. PAR Retail's scalable and flexible technology enables RaceWay to explore new program features, integrations, innovations, and partnerships. As RaceWay continues to evolve its loyalty program, its members can expect even more convenient and valuable experiences in the future. For more information about PAR Retail's loyalty solutions and how they transform customer engagement, visit About RaceWay RaceWay is the franchise brand of RaceTrac, headquartered in Atlanta, Georgia. Since 1976, RaceWay has offered guests a convenient, affordable one-stop-shop experience. Together, the RaceTrac® and RaceWay® brands operate more than 800 retail locations across the United States, providing competitively priced fuel along with a wide selection of food and beverage options, including freshly brewed coffee. RaceWay is part of the RaceTrac family of companies, one of the largest privately held businesses in the U.S., originally founded in 1934. Approximately 2,000 of RaceTrac's 10,000 team members support RaceWay and its affiliated companies, including Metroplex Energy, Energy Dispatch, and Gulf Oil. About PAR® Technology PAR Technology Corporation (NYSE: PAR) is a leading foodservice technology provider, powering a unified, purpose-built platform engineered to scale and adapt with brands at every stage of growth. Designed with flexibility and openness at its core, PAR's solutions—spanning point-of-sale, digital ordering, loyalty, back-office, payments, and hardware—integrate with others, yet deliver maximum impact as a unified system. With intentional innovation at the forefront, PAR's solutions streamline operations, drive higher engagement, and strengthen guest experiences in over 130,000 restaurants globally and 26,000 national c-store retailers. To learn more, visit or connect with us on social media.
Yahoo
03-07-2025
- Business
- Yahoo
The 5 Most Interesting Analyst Questions From PAR Technology's Q1 Earnings Call
PAR Technology's first quarter results drew a positive market reaction, as the company delivered significant year-over-year revenue growth and margin improvement despite missing Wall Street's revenue expectations. Management credited the strong performance to increasing adoption of its multiproduct suite, with CEO Savneet Singh highlighting that 'all deals were multiproduct in nature' and emphasizing the impact of cross-selling and integrated product offerings. The company also noted that its recent acquisition strategy and focus on recurring revenue have contributed to improved operating leverage and higher subscription gross margins. Is now the time to buy PAR? Find out in our full research report (it's free). Revenue: $103.9 million vs analyst estimates of $105.4 million (48.2% year-on-year growth, 1.4% miss) Adjusted EPS: -$0.01 vs analyst estimates of -$0.04 (76.7% beat) Adjusted EBITDA: $4.54 million vs analyst estimates of $4.09 million (4.4% margin, relatively in line) Operating Margin: -15.2%, up from -38.2% in the same quarter last year Annual Recurring Revenue: $282.1 million at quarter end, up 51.9% year on year Market Capitalization: $2.71 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Mayank Tandon (Needham): Asked about the timing and scale of upcoming revenue from new deals. CEO Savneet Singh replied that the impact of these wins would become more visible in the second half of the year, leading to both revenue and EBITDA expansion. Stephen Sheldon (William Blair): Inquired about the visibility for organic ARR growth in the coming year. Singh stated that while it is too early to forecast 2026 precisely, the company feels confident due to recent multi-product wins and a strong sales pipeline. Will Nance (Goldman Sachs): Sought clarity on foreign exchange impacts to ARR and revenue. CFO Bryan Menar confirmed that most of the FX exposure is due to Australian and New Zealand operations, and that about 20% of ARR is now international. Charles Nabhan (Stephens): Asked about the gross margin impact of the growing Payments business. Singh explained that Payments remains margin-dilutive but is improving, and still accounts for less than 10% of revenue. George Sutton (Craig-Hallum): Questioned the evolution of customer needs from single-product RFPs to broader suite adoption. Singh confirmed the trend toward combined offerings and noted that more customers are seeking integrated solutions rather than standalone products. Looking ahead, the StockStory team will be monitoring (1) the pace at which Tier 1 customer rollouts like Burger King and Popeyes translate into reported revenue growth, (2) the degree of success achieved in cross-selling and integrating new product modules across the Operator and Engagement Cloud platforms, and (3) the company's ability to maintain margin expansion as the mix shifts toward higher-value subscription and payments revenue. Progress on new product launches and resilience against macroeconomic and tariff-related risks will also be important indicators. PAR Technology currently trades at $66.82, up from $62.39 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.
Business Wire
18-06-2025
- Business
- Business Wire
Keke's Breakfast Cafe Leaps Forward with PAR Technology on the Menu
NEW HARTFORD, N.Y.--(BUSINESS WIRE)-- Keke's Breakfast Cafe, one of the fastest-growing breakfast chains in the U.S., today announced it has selected PAR Technology Corporation (NYSE:PAR) to power its bustling cafes with PAR® POS, PAR® Pay, and reliable hardware solutions. This collaboration lays a solid foundation for Keke's rapid expansion, ensuring scalability, connected systems, and innovation as they prepare for their next stage of growth. Keke's journey has been nothing short of remarkable. Since its acquisition by Denny's in 2022, the brand has expanded from its Florida roots to become a national sensation, with over 140 units in development. The chain is reimagining every aspect of its operations, from updated store designs with brighter, more inviting aesthetics to innovative menu offerings catering to families and foodies alike. Amid its rapid growth and transformation, Keke's has embraced technology to ensure every guest's experience is exceptional. With PAR® POS and PAR® Pay, supported on mobile tablets, Keke's teams can take orders more efficiently, reduce wait times, and provide faster service without compromising the personal touch that guests love. These tools, powered by PAR's cloud-based platform, create a reliable and flexible foundation for managing both the high volumes of Keke's current and future locations. 'Keke's has always been about providing the best for our guests. Partnering with PAR allows us to bring that philosophy into the digital age,' said David Schmidt, President of Keke's Breakfast Cafe. 'With PAR's innovative solutions, we're creating efficiencies that empower our team and enhance every guest interaction.' As Keke's continues to transform its cafes with refreshed designs, expanded menus, and modernized kitchens, successfully scaling a fast-growing brand requires thoughtful, purpose-driven solutions. PAR's open API platform ensures seamless integration across all systems, enabling aligned data and smooth operations that guests don't see but always feel. For Keke's, this collaboration is about building not just for today but for the future, with scalable technology that grows alongside their business. 'Who doesn't love breakfast? It's the one meal that brings everyone together, whether families, friends, or solo diners looking for a great start to their day. Keke's knows how to make that experience unforgettable, and we're excited to help them take it even further,' said Savneet Singh, CEO of PAR Technology. 'We're bringing together the warmth of breakfast with the power of smart technology to make mornings smoother, faster, and more enjoyable.' Backed by PAR's expertise, Keke's is not only enhancing its operations but setting a new standard in the breakfast space—delivering speed, convenience, and joy to guests across the country. About Keke's Breakfast Cafe Keke's Breakfast Cafe is a Florida-born restaurant chain specializing in breakfast, brunch, and lunch favorites. Known for its freshly made meals, Keke's offers a wide range of options, including pancakes, waffles, omelets, and other classic dishes. With a commitment to high-quality ingredients and excellent customer service, Keke's Breakfast Cafe provides a welcoming and relaxed dining experience for customers of all ages. The cafe currently operates in Florida, Georgia, Nevada, Tennessee, Texas, Colorado and California, with other locations in multiple U.S. states slated in the near future. For more information, please visit and follow Keke's on Instagram, Facebook, and LinkedIn. About PAR Technology For over four decades, PAR Technology Corporation (NYSE: PAR) has been a leader in restaurant technology, empowering brands worldwide to create lasting connections with their guests. Our innovative solutions and commitment to excellence provide comprehensive software and hardware that enable seamless experiences and drive growth for over 100,000 restaurants in more than 110 countries. Embracing our "Better Together" ethos, we offer Unified Customer Experience solutions, combining point-of-sale, digital ordering, loyalty and back-office software solutions as well as industry-leading hardware and drive-thru offerings. To learn more, visit or connect with us on LinkedIn, X (formerly Twitter), Facebook, and Instagram.
Yahoo
02-06-2025
- Business
- Yahoo
PAR Technology Corporation to Participate at the William Blair 45th Annual Growth Stock Conference
NEW HARTFORD, N.Y., June 02, 2025--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) a global foodservice technology company providing unified solutions for restaurants and retailers, today announced PAR CEO, Savneet Singh, will present at the upcoming William Blair 45th Annual Growth Stock Conference. Mr. Singh will present at the conference on Wednesday, June 4th at 3:40 p.m. ET. PAR management will also conduct one-on-one meetings with investors and analysts during the conference. Live webcast of the presentation will be available by visiting PAR Technology's website at Replays of the webcasts will be available following the conclusion of each live presentation broadcast. ABOUT PAR TECHNOLOGY CORPORATION For more than 40 years, PAR Technology Corporation's (NYSE Symbol: PAR) cutting-edge products and services have helped bold and passionate restaurant brands build lasting guest relationships. We are the partner enterprise restaurants rely on when they need to serve amazing moments from open to close, during the most hectic rush hours, and when the world forces them to adapt and overcome. More than 70,000 restaurants in more than 110 countries use PAR's restaurant point-of-sale, customer loyalty and engagement, payments, omnichannel digital ordering and delivery, and back-office software solutions as well as industry leading hardware and drive-thru offerings. To learn more, visit or connect with us on LinkedIn, Twitter, Facebook, and Instagram. The Company's Environmental, Social, and Governance report can be found at View source version on Contacts Christopher R. Byrnes (315) 743-8376chris_byrnes@
Business Wire
02-06-2025
- Business
- Business Wire
PAR Technology Corporation to Participate at the William Blair 45th Annual Growth Stock Conference
NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) a global foodservice technology company providing unified solutions for restaurants and retailers, today announced PAR CEO, Savneet Singh, will present at the upcoming William Blair 45th Annual Growth Stock Conference. Mr. Singh will present at the conference on Wednesday, June 4 th at 3:40 p.m. ET. PAR management will also conduct one-on-one meetings with investors and analysts during the conference. Live webcast of the presentation will be available by visiting PAR Technology's website at Replays of the webcasts will be available following the conclusion of each live presentation broadcast. For more than 40 years, PAR Technology Corporation's (NYSE Symbol: PAR) cutting-edge products and services have helped bold and passionate restaurant brands build lasting guest relationships. We are the partner enterprise restaurants rely on when they need to serve amazing moments from open to close, during the most hectic rush hours, and when the world forces them to adapt and overcome. More than 70,000 restaurants in more than 110 countries use PAR's restaurant point-of-sale, customer loyalty and engagement, payments, omnichannel digital ordering and delivery, and back-office software solutions as well as industry leading hardware and drive-thru offerings. To learn more, visit or connect with us on LinkedIn, Twitter, Facebook, and Instagram. The Company's Environmental, Social, and Governance report can be found at
