A riddle

If bread leads to toaster, and toaster leads to toast, does bread lead to toast?

I would think this to be a valid logical formulation, but it appears to me to rest upon a case of *conditional* logic, in order for it to be logically true it needs to meet a certain set of criteria, the criteria in this case being if the bread in question was meant to be toasted, and if a toaster was going to be used to toast the bread in question. So, does bread lead to toast?