Investors were cheered by the arrival of new bullishness following the release of the meal kit company's second-quarter results.
NEW YORK, August 11, 2022--Blue Apron (NYSE: APRN) introduces a new Tailgating Box as part of its limited-time, seasonal meal kits, available with or without a subscription. Right in time for football season, the Tailgating Box features classic game day recipes with an elevated twist, designed to help customers celebrate their favorite team this fall with minimal planning involved.
Blue Apron Holdings, Inc (NYSE: APRN) reported a flattish second-quarter FY22 sales growth year-on-year to $124.2 million, missing the consensus of $125 million. Orders fell 14% Y/Y, while the average order value rose 7% to $67.14. The average revenue per customer was flattish Y/Y to $328. The number of customers fell by 6.9%. EPS loss of $(0.68) missed the consensus loss of $(0.55). Adjusted EBITDA loss widened to $(15.5) million from $(3.5) million last year. The company held $54 million in ca