|Bid||1.13 x 1200|
|Ask||1.14 x 2900|
|Day's Range||1.09 - 1.25|
|52 Week Range||1.02 - 4.56|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 14, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.71|
Macy’s, Blue Apron, Ford, Walmart, Apple and Toys ‘R’ Us are the companies to watch.
Shares of Blue Apron slid more than 10 percent after the move was revealed in an early-morning conference call that followed disappointing third-quarter results released late on Tuesday, along with a layoff announcement. Moving into 2019, Blue Apron will spend less on acquiring new customers "while targeting customers that exhibit the attributes of our best customers," Chief Financial Officer Tim Bensley said on the conference call. Late on Tuesday, Blue Apron reported a steep third-quarter revenue decline and disclosed plans to lay off about 4 percent of its workforce.
shares were plunging Wednesday, down as much as 9% to $1.11, after the food delivery services company's revenue missed estimates and it said it was laying off 4% of its workforce. Blue Apron reported 646,000 customers in its September-ended quarter, down from 717,000. Blue Apron's loss of 18 cents a share in the quarter was narrower than the expected loss of 22 cents a share.
On November 13, Blue Apron Holdings (APRN) posted its third-quarter results. The company’s revenues of $150.6 million missed the consensus estimate of $157.2 million and fell 28.5% on a YoY (year-over-year) basis. On a year-to-date basis, Blue Apron stock has fallen 69.7%.
Inc. said it would lay off more workers, as the meal-kit company struggles to turn a profit. Blue Apron said it would pay out in its fourth-quarter roughly $1.6 million in severance payments related to the layoffs. Blue Apron’s shares dropped roughly 2% after-hours.
Blue Apron (APRN) delivered earnings and revenue surprises of 18.18% and -4.15%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The entry of Amazon.com Inc (AMZN.O) into grocery service and meal kits business has added to pressure. Total number of individuals who signed up for its service fell nearly 25 percent to 64,6000, while number of orders dropped about 27 percent to 2.65 million, the company said. Blue Apron said it expects to incur employee severance charges and other exit costs of about $1.6 million in the fourth quarter, while generating annual savings of about $16 million in 2019.
Check out the companies making headlines after the bell: Blue Apron APRN shares dropped as much as 5 percent during the extended session Tuesday after the meal-kit service announced it would take strategic actions to improve its profitability , including a 4 percent reduction of its workforce.
As of June 30, Blue Apron had 3,281 full-time employees. A spokeswoman said the cuts affect about 100 workers in corporate headquarters and fulfillment centers. Blue Apron was a pioneer of the at-home meal kit market, but an ill-timed initial public offering, which coincided with Amazon.com Inc.’s purchase of Whole Foods, caused the company’s stock to plummet.
It will spend $1.6 million in the fourth quarter on severance charges and other exit costs. Blue Apron APRN will reduce its workforce by 4 percent as it aims to become profitable in 2019, the meal kit company announced Tuesday. In a release outlining the company's strategic goals for profitability, it said the reduction is aimed at "streamlining personnel to create a more agile and focused organization." It will spend $1.6 million in the fourth quarter on severance charges and other exit costs.
The New York-based company said it had a loss of 18 cents per share. The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss ...
Meal-kit delivery company Blue Apron Holdings Inc said on Tuesday it would reduce its headcount by 4 percent, as it looks to streamline its operations. Blue Apron said it expects to incur employee severance ...
Blue Apron Holdings Inc. shares declined in the extended session Tuesday after the subscription meal service posted revenue that fell below Wall Street estimates and said it was laying off staff. Blue Apron shares fell 5% after hours, following a 2.4% decline to close the regular session at $1.22. The company reported a third-quarter loss of $33.9 million, or 18 cents a share, compared with $87.2 million, or 47 cents a share, in the year-ago period. Revenue declined to $150.6 million from $210.6 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 22 cents a share on revenue of $157.9.million. Blue Apron said it was laying off 4% of its workforce to speed up its path to profitability in 2019, and said its Chief Marketing Office Jared Cluff no longer worked at the company.
Blue Apron Holdings, Inc. (APRN) today announced that the company is taking strategic actions to strengthen its focus on specific areas of opportunity in the business that it believes will accelerate its path to profitability on an adjusted EBITDA basis in 2019. “The ways in which consumers access meals for various occasions has evolved rapidly with expanded choice and the continued convergence of online platforms and brick and mortar stores. Blue Apron has an established brand and a strong foundation of loyal customers who trust and rely on the quality and convenience of our products.
The meal-kit provider is moving lower for the fifth month in a row. It's got a lot to prove this week with its third-quarter results on Wednesday.
on Tuesday unveiled plans to reduce its workforce as it seeks to become profitable in 2019, even as the meal kit delivery service’s third-quarter revenues fell more than feared because of a decrease in customers. The New York-based company said it plans to cut about 4 per cent of its global workforce as it seeks to create a “more nimble” organisation. Blue Apron expects these actions to result in costs of about $1.6m in the fourth quarter and generate annual savings of about $16m next year.
On Wednesday before the markets open, Blue Apron (NYSE:APRN) will release its third quarter results — and Wall Street is far from bullish on the prospects. For the year so far, Blue Stock is off a grueling 70% to $1.20.
Blue Apron Holdings (APRN) stock has fallen 69.2% this year as of November 8. Compared to its IPO price of $10.00 on June 29, 2017, the stock price is down 87.6%. Blue Apron’s revenue growth has been slowing for quite some time now.
Blue Apron (APRN) is slated to announce its third-quarter results on November 14. Wall Street expects the company’s adjusted EPS to improve significantly YoY (year-over-year) to -$0.21 from the -$0.47 reported in the corresponding quarter last year. It’s expected to record a net loss of $40.6 million and adjusted EBITDA of -$22.2 million.