Bought a Toro mower a couple of months ago. Break in oil change at 5 hours, I refilled with Delo 10w30 and that oil has about 5 hours on it. I checked the oil after I mowed earlier today after it cooled down and it was about 1/4 quart low. That seemed a bit much for such a new mower. It didn't use a drop of the factory fill. Will it slow down after its broke in more? None of my old mowers used that much oil.
Something doesn't sound right. Did you have the mower level, and in the same spot both times you checked it? Are you sure you had it full when you first topped it off after you changed it? After I change oil on small engines, I always fill to "full". Then run the engine for 5 or 10 minutes. Allow it to settle and cool off, then check it on level ground.
A 1/4 quart is 8 ounces of oil. That's a lot for a small single cylinder, 4-stroke gasoline engine to consume in just 5 hours. I would think if it did burn that much, you would see some evidence of it by seeing blue / white smoke from the exhaust, along with a fouled spark plug. That, and the fact you said it didn't seem to lose a drop of the original factory fill, makes me think it isn't burning it. Engines either burn oil, or they don't. I'm betting it didn't burn it. You most likely didn't have it filled all the way for whatever reason, (trapped air in the crankcase, or not on level ground).
Now that you have topped it off, I would keep an eye on it over the next several hours. If it is burning that much oil, there should be some positive evidence of it.