APRN - Blue Apron Holdings, Inc.
2.8400 +0.06 (2.16%)
After hours: 7:50PM EST
| Previous Close | 2.2700 |
| Open | 2.2700 |
| Bid | 2.6300 x 800 |
| Ask | 2.7300 x 800 |
| Day's Range | 2.0300 - 3.1200 |
| 52 Week Range | 2.0200 - 18.6000 |
| Volume | 1,637,438 |
| Avg. Volume | 411,795 |
| Market Cap | 36.883M |
| Beta (5Y Monthly) | 1.18 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -4.6660 |
| Earnings Date | Feb 17, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 5.33 |
- MarketWatch
Groupon and Blue Apron’s real problem: Neither business model works, experts say
Groupon Inc. shares slid 43% Wednesday and Blue Apron Inc. was down 22%, after far weaker-than-expected earnings from both companies revived concerns about the sustainability of their business models.
- Simply Wall St.
Blue Apron Holdings, Inc. Analysts Are Cutting Their Estimates: Here's What You Need To Know
Last week, you might have seen that Blue Apron Holdings, Inc. (NYSE:APRN) released its full-year result to the market...
- Barrons.com
The Dow Added 116 Points Because Coronavirus Might Be Slowing Down
All three major U.S. stock indexes rose on Wednesday as investors welcomed signs that the spread of novel coronavirus, or COVID-19, in China might be slowing down.
- Bloomberg
Blue Apron Seeks Funds or a Sale as It Shutters a Facility
(Bloomberg) -- Blue Apron Holdings Inc., which kicked off the meal-kit-by-mail fad, is evaluating options to rekindle the business, including raising additional capital or selling assets, as it struggles to find new customers or profit.The company reported a loss per share for the fourth quarter of $1.66, which was wider than an average of analysts’ estimates compiled by Bloomberg. The company is pushing forward with a previously disclosed plan to close a facility in Arlington, Texas.When it went public in 2017, Blue Apron was one of the most promising consumer technology upstarts in New York. Its trajectory quickly turned, and the onetime unicorn startup now has a market value of less than $50 million. Its stock was down about 21% during trading Wednesday afternoon.Blue Apron outlined a plan in August to turn around its fortunes and return to growth. The company is focusing on selling meal kits, which contain recipes and packaged ingredients delivered to the home, to customers who are more affluent or more likely to make frequent orders, among other characteristics. It also aims to offer increased menu choices and last year began carrying products from Beyond Meat Inc., the high-profile maker of imitation meat.But investors aren’t convinced, and Blue Apron’s stock has continued to decline. Linda Kozlowski, the chief executive officer, warned in an interview Tuesday that the process to raise money or sell may not pan out.“We can’t promise that strategic options will actually happen,” Kozlowski said. “When we refer back to the August growth plan, we feel we have the right strategy. We’re already seeing progress on the products side, but we do feel that we require investment in order to really drive the strategy.”(Updates with stock price and details on corporate strategy starting in the third paragraph.)To contact the reporter on this story: Nikitha Sattiraju in New York at nsattiraju@bloomberg.netTo contact the editors responsible for this story: Mark Milian at mmilian@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- American City Business Journals
Blue Apron closing site in DFW, affecting 240 employees as sales fall
The company, which provides ready-to-cook meals, is closing the site and consolidating operations into locations in California and New Jersey.
- Barrons.com
Groupon and Blue Apron Are Falling, but Coronavirus News Is Lifting the Market
The Dow Jones Industrial Average is poised to open higher, putting it in position to snap a three-session streak of losses.
- ACCESSWIRE
Blue Apron Holdings, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / February 19, 2020 / Blue Apron Holdings, Inc. (NYSE:APRN) will be discussing their earnings results in their 2019 Fourth Quarter and Fiscal Year Financial Results call to be ...
- TechCrunch
Blue Apron is considering selling itself
Meal kit company Blue Apron has long been on the struggle bus -- whether it's been its lackluster debut on the public market, employee lawsuits or layoffs. In addition to a potential sale, Blue Apron is exploring a merger, raising capital through either the public or private markets, selling off assets or some combination of the above. “We continue to believe that we have the right strategy to drive our resumption of growth as we work to launch additional new capabilities and test new product offerings,” Blue Apron CEO Linda Findley Kozlowski said in a press release.
- MarketWatch
Blue Apron eyes strategic alternatives, cost cuts after missing earnings estimates
Blue Apron Holdings Inc. shares dipped 1% in after-hours trading Tuesday after the ingredient-and-recipe meal kit service reported fourth-quarter earnings that fell short of Wall Street expectations. The struggling company said it is reviewing strategic alternatives and cutting costs, including the planned closure of its Arlington, Texas, facility and consolidation of production volume into its New Jersey and California facilities. Blue Apron reported a loss of $21.9 million, or $1.66 a share, in the quarter, compared with a loss of $23.7 million, or $1.83 a share, in the year-ago fourth quarter. Revenue sank 33% to $94.3 million from $140.7 million a year ago. Analysts surveyed by FactSet had expected a loss of $1.60 a share on sales of $97.7 million. Blue Apron shares have plummeted 80% over the last 12 months. The broader S&P 500 index has gained 21% in the last year.
- Business Wire
Blue Apron Holdings, Inc. Reports Fourth Quarter and Full Year 2019 Results and Provides Corporate Update
Blue Apron Holdings, Inc. (NYSE: APRN) announced today financial results for the quarter and full year ended December 31, 2019. The company also announced new initiatives it is undertaking to maximize value for its shareholders. Blue Apron will hold its scheduled earnings call tomorrow, February 19, at 8:30 a.m. Eastern Time to discuss these initiatives in addition to its fourth quarter and full year 2019 results and business outlook.
- Zacks
Blue Apron (APRN) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
Blue Apron (APRN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Business Wire
Introducing Meal Prep by Blue Apron: Eight Servings, A Week of Options, One Prep
Craving wholesome, homemade meals but do not have time for daily cooking? Introducing Meal Prep by Blue Apron (NYSE: APRN), new make-ahead meals that include everything home cooks love about Blue Apron—high-quality, pre-portioned ingredients, bold flavors, and a diverse selection of recipes—designed to fit their busy schedule. In as little as 90 minutes of prep time once a week, home cooks can create a variety of flavorful meals including grain, noodle, and rice bowls, entree-sized salads, pastas, and tacos, in eight servings. Take them to work for lunch or reheat them at home for dinner—customers can enjoy multiple servings of delicious homemade meals in one streamlined easy-to-follow process.
- American City Business Journals
Publix as your personal chef? The grocer is going beyond Pub subs with hot, made-to-order entrees
Meals To Go, currently in the pilot phase at a store in the Tampa suburbs, have to be ordered and paid for online.
- Business Wire
Blue Apron to Host Conference Call on Fourth Quarter and Fiscal Year 2019 Financial Results
Blue Apron Holdings, Inc. (NYSE: APRN) announced today that it will hold a conference call and live webcast at 8:30 a.m., Eastern Time, on February 19, 2020, hosted by Blue Apron Chief Executive Officer Linda Findley Kozlowski and Chief Financial Officer Tim Bensley, to discuss the company’s fourth quarter and fiscal year 2019 results and business outlook. Blue Apron will release its fourth quarter and fiscal year 2019 financial results prior to the call.
- Zacks
How to Time the Markets Like an Investing Pro - January 24, 2020
Have you ever dreamed of being that one in a million investor who has the talent to perfectly time the markets?
- Zacks
Blue Apron (APRN) May Report Negative Earnings: Know the Trend Ahead of Q4 Release
Blue Apron (APRN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Business Wire
Blue Apron Introduces a Winning Menu for the Big Game
Ready for the big game? Today Blue Apron introduced Game Day Party Eats, a full meal that includes all of the food needed to host an unforgettable, stress-free, and delicious game day party. The Game Day Party Eats box includes five dishes—each inspired by a classic Southern tailgate and created for sharing—as well as step-by-step recipes and hosting tips from chefs in the Blue Apron test kitchen.
- Business Wire
Blue Apron Appoints Elizabeth Huebner to Board of Directors
Blue Apron Holdings, Inc. (NYSE: APRN) today announced the appointment of Elizabeth Huebner to its board of directors on January 3, 2020. Huebner brings significant financial and operational expertise to Blue Apron’s board, having served as Chief Financial Officer for several public companies including Getty Images, Inc., and held numerous board of directors positions. The board expects to appoint Huebner to one or more committees of the board at a later date.
- Bloomberg
Online Retail Is Beginning to Look a Lot Like Real-World Retail
(Bloomberg Opinion) -- Amid the grim march of the retail apocalypse, the industry has derived some hope in recent years from the rise of scores of digital-centric startups. There is cause for optimism, but there’s also reason to be skeptical of the hype surrounding these brands — not just because their business models aren’t proving durable, but also because many of them are now intertwined with the companies they are ostensibly disrupting.Consider, for example, the November announcement from supermarket behemoth Albertsons Cos. about the future of meal-kit maker Plated, which the grocer paid $200 million for only two years ago. The company said it was ending the subscription model for Plated and that its products would now simply be part of its private-label business. It’s hard to see that as anything other than a concession that the format is a dud.And that’s not the only meal-kit business that’s gone cold: Blue Apron Holdings Inc. had only 386,000 paid customers in its latest quarter, down from 646,000 in the same quarter a year earlier and 856,000 the year before that. The decline partly reflects a deliberate shift to focus on its best customers, but it’s also an indication that the long-term market for online meal-kits is just not that big.Dollar Shave Club’s low-priced, subscription-based model for grooming gear was similarly seen as a disruptive game-changer when it captured attention with a viral YouTube video in 2012. Unilever NV acquired it for $1 billion in 2016, a testament to its growing market share. But the Wall Street Journal recently reported that the digital brand is still not profitable and the consumer-products giant “has concluded that selling staples as online subscriptions doesn’t make financial sense.”Still other 2010s wunderkinds are pursuing growth in ways that don’t look so different than the playbooks embraced by their predecessors. Quip toothbrushes, Native deodorant, Bark pet toys, and Harry’s razors can all now be found in the aisles of Target stores. Men’s clothing from Bonobos and Mizzen + Main is sold at Nordstrom Inc., while beauty brand Glossier recently launched pop-ups at the department store. Everlane has brick-and-mortar stores, as does bedding brand Parachute.The result is that the term “digital-native brand” is all but meaningless. How could a startup not be digital-native in the year 2019? How are their hybrid online-and-store selling models any different from what mature brands are doing? This is not to write off this crop of retailers entirely. They have collectively snatched billions of dollars of market share from incumbents and have made some genuinely alluring products, such as the Allbirds sneakers that have spawned copycats. Mall landlords have been forced to rethink their leasing models and floor plans to accommodate their needs. But, so far, these startups are no more than spoilers for legacy brands. They’re not replacing them.The constellation of insurgents collectively is poised to open 850 physical stores over five years, according to a 2018 analysis by JLL. In other words, the entire group will add roughly as many stores as are in the Macy’s Inc. portfolio. That means their growth doesn’t come anywhere close to offsetting the massive shakeout of established chains. In 2019 alone, Coresight Research estimates, there have been 9,302 store closures.Also, if these digital brands were finding easy paths to profitability and customer growth, many more of them would probably be going public or agreeing to be acquired for dizzying sums. But IPO hopefuls such as Casper remain on the public market sidelines, and the aforementioned Dollar Shave acquisition and Edgewell Personal Care Co.’s $1.4 billion deal for Harry’s are exceptions, not the rule.Meanwhile, Bonobos founder Andy Dunn is set to exit a companywide role at Walmart Inc. a little more than two years after the big-box chain acquired his clothing brand, a change that may turn out to be a cautionary tale about the ability of these scrappy virtuosos to apply their skills within retail’s old guard.All of this leads to a bracing conclusion: The transformative power of the digitally oriented swashbucklers has been overestimated. Would-be investors and entrepreneurs, consider yourselves warned.To contact the author of this story: Sarah Halzack at shalzack@bloomberg.netTo contact the editor responsible for this story: Michael Newman at mnewman43@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Zacks
Simple Market Timing Strategies That Work - December 20, 2019
In the long-run, does consistent market timing really matter to be a successful investor?
- MarketWatch
Blue Apron to offer 'diabetes-friendly' menus this month, stock rallies
Shares of Blue Apron Holdings Inc. rose 6.4% in morning trading Tuesday, after the meal kit company announced a new collaboration with the American Diabetes Association. As part of the collaboration, Blue Apron will feature at least two "diabetes-friendly" recipes every week, starting Dec. 30. The company also said it has expanded its "Two-Serving" menu to offer 11 recipes each week, including a broader selection that caters to a healthy lifestyle and a variety of dietary preferences, including vegetarian, plant-forward and 500 calories or less. The company has partnered with WW International Inc. , formerly known as Weight Watchers. The stock has tumbled 50% year to date (the S&P 500 is up 27% this year), and was trading 95% below its initial public offering price. The stock went public at a pre-split adjusted price of $10 in June 2017, but that price adjusted to $150 after a 1-for-15 reverse stock split was enacted in June 2019.
- InvestorPlace
7 of the Worst Retail Stocks That Refuse to Die
The changing retail landscape and the advent of e-commerce have led to radical changes in how and where we shop. Thanks to retail stocks such as Amazon (NASDAQ:AMZN), even previously dominant retailers such as Walmart (NYSE:WMT) had to change the way they did business.However, some did not adapt with the times and have found themselves struggling. Contrary to popular belief, many of these stores have refused to disappear completely. Some still operate hundreds of stores despite rising debts and falling equity levels. However, with consumers moving on to new retailers with more desirable offerings, the prospects of these retail stocks returning to their former glory appear dim.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Blue Apron (APRN)Source: Roman Tiraspolsky / Shutterstock.com Blue Apron (NYSE:APRN) has declined from the get-go. Since debuting in June 2017 at a split-adjusted price of $150 per share, APRN stock has done little else but starve investors.This happened for two main reasons. One, the public has never really warmed to meal kits. Approximately 23% of the population have tried meal kits and cancelled their subscriptions. As it stands, only 7% subscribe to meal kit delivery services. They have become a pricey alternative, and most will turn to restaurants if they decide to spend on food.The second, more important reason is the power of its peers. Like many retail stocks, APRN lacks a competitive moat. Any grocery chain, or for that matter, anyone with cooking talent, can start a meal kit service. Blue Apron has learned this the hard way as companies such as HelloFresh, Amazon and Kroger (NYSE:KR) offer competing services. * 7 'A'-Rated Stocks to Buy Before 2020 Moreover, APRN stock continues to suffer revenue declines and massive losses. Analysts forecast that APRN will lose more than $4 per share for each of the next two years. This represents devastation for APRN stock, which trades at barely over $7 per share. Furthermore, it would now sell as a penny stock had it not been for a 1-for-15 reverse stock split. As things stand now, it appears destined to return to penny-stock status. Destination XL Group (DXLG)Source: Shutterstock Destination XL Group (NASDAQ:DXLG) operates a chain of apparel stores catering to the big and tall men's clothing market. Its first store opened in 1976. However, it has operated under several names, Casual Male XL among them. It acquired that name in 2002 by buying the former Casual Male XL.Unfortunately, Destination XL, like some retail stocks in the apparel business, has teetered on the brink of bankruptcy for years. At its peak, DXLG stock sold for over $25 per share. That happened in 1993.Though it managed to climb out of penny-stock status during the financial crisis, the DXLG stock price has remained in the single digits since then. DXLG has rarely traded above $3 per share since 2017 and now sells for around $1.25 per share.It looks like a lucrative business on the surface as Americans gain weight. However, this segment has attracted significant competition. This added pressure has made the company unable to turn a profit in recent years.Moreover, as of the previous earnings report, the company held just $56.7 million in equity and had accumulated long-term debts amounting to $316.4 million. Unless it can find a way to become profitable quickly, an eventual bankruptcy appears likely. J. C. Penney (JCP)Source: Supannee_Hickman / Shutterstock.com One of the twentieth-century retail stocks that has struggled to find its way in the 21st century is J. C. Penney (NYSE:JCP). Poor CEO choices, strategic blunders and struggles to define its reason to exist in the current market have plagued JCP stock.Today, JCP stock flirts with literal penny-stock status. It trades for around $1.10 per share as of the time of this writing.To be sure, the financials have become bleak. As of the most recent quarter, the company held $808 million in equity, more than twice its current market capitalization. However, long-term debts top $4 billion. Analyst estimates point to falling revenue and mounting losses.It did not have to turn out this way. In 2007, JCP stock traded as high as $87 per share. Like most every retail stock, it took a hit during the financial crisis. However, after that time, the demise came mostly from self-inflicted wounds. In 2010, it brought in Apple (NASDAQ:AAPL) retail head Ron Johnson. Johnson eliminated private label brands and coupons, which alienated many of its core customers. Though he lasted only 17 months on the job, the damage had been done. Without the funding to recover, J. C. Penney went into permanent decline. * 7 Entertainment Stocks to Buy to Escape Holiday Blues The retailer still runs about 865 stores. However, with no funding available to revamp itself and no clear place in today's retail environment, it remains unclear how JCP stock can recover. Rite Aid (RAD)Source: Ken Wolter / Shutterstock.com Rite Aid (NYSE:RAD) is among the retail stocks that has refused to die despite its best attempts. Repeated tries at selling itself to competitors led only to a sale of some of its stores to Walgreens (NASDAQ:WBA). However, it has consistently lagged its main peers, Walgreens and CVS Health (NYSE:CVS), for many years.Now with Amazon entering the pharmacy business, one has to wonder if Rite Aid has a reason to exist. CVS felt it had to enter the insurance business to ensure its survival. RAD stock has no such luxury. It has suffered as mounting losses and a crushing debt load limit its options. Rite Aid holds over $3.8 billion in debt against only about $960 million in equity. Although analysts predict 5 cents per share in earnings this year, they forecast a 29 cent per-share loss next year.For now, Rite Aid stock sells for around $7.90 per share. However, only a 1-for-20 reverse stock split kept it out of penny-stock status. The reverse split may only offer the company a short reprieve. Still, due to its troubled balance sheet, one has to wonder how it will keep its doors open amid the losses. With competition intensifying and no room to pivot, I see little hope for the future of RAD stock. RTW Retailwinds (RTW)Source: Shutterstock Consumers and investors may know RTW Retailwinds (NYSE:RTW) better by the name of some of its stores, New York & Company. The women's clothing retailer began in 1918 as Lerner Shops. It has undergone several name changes. The latest occurred in 2018 when it relaunched as RTW Retailwinds to reflect a multi-brand platform.Several retail stocks have undergone such a strategic pivot before. Some have succeeded better than others. It has not seemed to help RTW as competition remains an ongoing concern in this industry. Now, it looks like its peers have the upper hand.Since the name change in September 2018, RTW stock has lost about 80% of its value. It sells for about 90 cents per share as of the time of this writing.In its most recent quarterly report, it announced a 5% sales decline and revealed plans to close 27 of its 414 store locations. Even with lower revenues, it saw a 55% increase in its Fashion to Figure plus-size brand. Still, that bright spot failed to compensate for the sales decline.Moreover, its financials resemble that of other retailers. It holds about $67.8 million in equity versus a debt load of $247.6 million. Considering the financials and falling sales, the odds of bankruptcy seem only to increase. Sears (SHLDQ)Source: ChicagoPhotographer / Shutterstock.com Not surprisingly, the most dramatic fall from grace among retail stocks belongs to Sears (OTCMKTS:SHLDQ). Sears spent most of the 20th century as America's largest retailer. In the late 1970s, Sears accounted for about 1% of America's GDP.However, plans to revitalize the store at that time started Sears down the path of decline. One of the more notable strategic blunders came in 1993 when Sears ended its catalog business. One year later, Jeff Bezos founded Amazon on what would become the 21st century-version of catalog selling, e-commerce.As if destroying itself were not enough, it took down the former No. 2 retailer with it. In 2004, Sears Holdings bought Kmart. However, this marriage became more like a suicide pact as the decline continued and stores closed. In the end, it would sell off iconic brands such as Kenmore and Craftsmen. Even this did not stop the firm from declaring bankruptcy in 2018.Sears is not dead, at least not yet. A bankruptcy judge approved the sale of its assets to former CEO Eddie Lampert. SHLDQ stock now trades on the pink sheets and sells for around 20 cents per share as of the time of this writing. * The 10 Worst Dividend Stocks of the Decade The reorganization in bankruptcy appears unlikely to succeed. By February, analysts expect only 128 stores to operate. Plans to open small, appliance-centered stores have led to only three store openings. As suppliers cut off shipments and shelves remain sparse, most analysts give it little chance of survival. Tuesday Morning (TUES)Source: Shutterstock Tuesday Morning (NASDAQ:TUES) stock has become another story of decline among retail stocks. At its peak in 2005, it sold for over $35 per share. Even as recently as 2014, TUES stock traded at $22 per share.However, several management missteps sent the equity into decline. Tuesday Morning lagged its peers on the e-commerce front. Moreover, it underperformed competitors on operations and failed to define its target market. As a result, growing debts and continuing losses have undermined investor confidence in TUES stock.Now, company financials reflect that of other struggling retail stocks. The $440 million in debt spells trouble for a company with about $160 million in equity. Moreover, it has posted annual losses for years.TUES stock bulls had pinned hope on efforts to optimize the supply chain, bringing costs to a point where the company could turn a profit. Tuesday Morning still operates more than 700 stores across the country. Since it now trades at around $1.80 per share, a successful turnaround could bring massive gains to TUES stock investors. However, with losses projected for the foreseeable future, few signs of recovery have appeared. Hence, it may ultimately take a bankruptcy for this seller of closeout merchandise to avert its own closeout.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 'A'-Rated Stocks to Buy Before 2020 * 7 of the Decade's Fastest-Growing Dividend Stocks * 5 Cheap Dividend Stocks With High Yields And Annual Increases The post 7 of the Worst Retail Stocks That Refuse to Die appeared first on InvestorPlace.
- Insider Monkey
Blue Apron Holdings, Inc. (APRN): Hedge Funds Are Snapping Up
Last year's fourth quarter was a rough one for investors and many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing […]
