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Block's Square Expands Its Food Platform to Boost Restaurant Efficiency
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Key Takeaways
Square launched new tools like AI voice ordering, cost controls and bitcoin payments for restaurants.
The platform unifies multichannel ordering, menu management and payouts for seamless operations.
Square Banking supports zero-fee bitcoin payments and integrates sales, banking and treasury tools.
Block’s (XYZ - Free Report) Square recently announced the expansion of its food and beverage platform to aid restaurants of all sizes in scaling effectively through efficient process optimization. The new products launched by Square include voice ordering, cost control tools, smarter AI and bitcoin payments to facilitate hassle-free operation management for restaurants to propel their growth story.
XYZ’s Square Provides a Complete Food Ordering Ecosystem
Square offers a complete food ordering ecosystem to capture demand across all available channels — over the phone, online, at the counter or third-party delivery apps. The AI-Powered Voice Ordering system enables answering 100% of incoming calls through conversational AI for customer satisfaction, even during peak hours, reducing labor costs and improving efficiency.
With third-party channel integration on Square, restaurants can easily manage menus, modifiers and inventory, eliminating missed tickets and reducing errors. Moreover, with instant payouts, they can grow while maintaining their working capital.
The enhanced Square kiosk helps restaurants reduce waiting time for customer orders and ensures seamless execution of the same. The multichannel menu management aids restaurants in maintaining a single menu across online ordering, kiosks and third-party delivery apps, enhancing their accuracy and consistency.
Cost Control
With Square’s new centralized AI-powered procurement tool, restaurants can gain insight into their costs and spending and control purchasing decisions. This will streamline operations and contribute to higher margins.
Spearheading Better Decisions With Square’s AI
With Square’s AI, businesses can make informed decisions through understanding industry trends and real-world conditions. Customizable AI widgets can provide useful insights for routine analysis in the form of charts and visuals. Moreover, personalized suggested questions can help sellers identify newer opportunities.
Square Banking & Bitcoin Payments
Square Banking is aiding financial empowerment for businesses by facilitating bitcoin payments with zero processing fees through 2026. The sellers can also convert a percentage of their daily sales into bitcoin, diversifying their savings. Moreover, the integration of a bitcoin wallet leads to efficient digital currency management, and Square Banking offers seamless unification of sales, banking and treasury management in one place.
Final Take on Block
Block offers tools and services to both consumers and sellers. The company serves millions of consumers and sellers worldwide across various industries such as food, retail and services, as well as major geographies, including the United States, Japan, Australia and Canada.
Block is building a powerful fintech ecosystem through its Square App. The platform offers comprehensive solutions that span payments, commerce, banking, investing and lending, positioning Block as a one-stop provider for both consumers and businesses.
The recent scale-up by Square will go a long way to benefit restaurants and help them thrive with such an innovative set of tools on offer.
Over the past three months, shares of this Zacks Rank #3 (Hold) company have rallied 17.5% compared with the industry's growth of 0.8%.
The Zacks Consensus Estimate for ALKT’s 2025 earnings per share (EPS) has moved northward marginally to 58 cents over the past three months.
The Zacks Consensus Estimate for BB’s 2025 EPS has moved up significantly to 14 cents over the past month.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
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Block's Square Expands Its Food Platform to Boost Restaurant Efficiency
Key Takeaways
Block’s (XYZ - Free Report) Square recently announced the expansion of its food and beverage platform to aid restaurants of all sizes in scaling effectively through efficient process optimization. The new products launched by Square include voice ordering, cost control tools, smarter AI and bitcoin payments to facilitate hassle-free operation management for restaurants to propel their growth story.
XYZ’s Square Provides a Complete Food Ordering Ecosystem
Square offers a complete food ordering ecosystem to capture demand across all available channels — over the phone, online, at the counter or third-party delivery apps. The AI-Powered Voice Ordering system enables answering 100% of incoming calls through conversational AI for customer satisfaction, even during peak hours, reducing labor costs and improving efficiency.
With third-party channel integration on Square, restaurants can easily manage menus, modifiers and inventory, eliminating missed tickets and reducing errors. Moreover, with instant payouts, they can grow while maintaining their working capital.
The enhanced Square kiosk helps restaurants reduce waiting time for customer orders and ensures seamless execution of the same. The multichannel menu management aids restaurants in maintaining a single menu across online ordering, kiosks and third-party delivery apps, enhancing their accuracy and consistency.
Cost Control
With Square’s new centralized AI-powered procurement tool, restaurants can gain insight into their costs and spending and control purchasing decisions. This will streamline operations and contribute to higher margins.
Spearheading Better Decisions With Square’s AI
With Square’s AI, businesses can make informed decisions through understanding industry trends and real-world conditions. Customizable AI widgets can provide useful insights for routine analysis in the form of charts and visuals. Moreover, personalized suggested questions can help sellers identify newer opportunities.
Square Banking & Bitcoin Payments
Square Banking is aiding financial empowerment for businesses by facilitating bitcoin payments with zero processing fees through 2026. The sellers can also convert a percentage of their daily sales into bitcoin, diversifying their savings. Moreover, the integration of a bitcoin wallet leads to efficient digital currency management, and Square Banking offers seamless unification of sales, banking and treasury management in one place.
Final Take on Block
Block offers tools and services to both consumers and sellers. The company serves millions of consumers and sellers worldwide across various industries such as food, retail and services, as well as major geographies, including the United States, Japan, Australia and Canada.
Block is building a powerful fintech ecosystem through its Square App. The platform offers comprehensive solutions that span payments, commerce, banking, investing and lending, positioning Block as a one-stop provider for both consumers and businesses.
The recent scale-up by Square will go a long way to benefit restaurants and help them thrive with such an innovative set of tools on offer.
Over the past three months, shares of this Zacks Rank #3 (Hold) company have rallied 17.5% compared with the industry's growth of 0.8%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the internet-software sector are Alkami Technology (ALKT - Free Report) and BlackBerry (BB - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
The Zacks Consensus Estimate for ALKT’s 2025 earnings per share (EPS) has moved northward marginally to 58 cents over the past three months.
The Zacks Consensus Estimate for BB’s 2025 EPS has moved up significantly to 14 cents over the past month.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.