1.56 +0.02 (1.29%)
After hours: 5:14PM EST
|Bid||1.54 x 3200|
|Ask||1.56 x 3100|
|Day's Range||1.4600 - 1.6000|
|52 Week Range||0.6500 - 4.1500|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.54|
B&G Foods (BGS) benefits from robust acquisitions and pricing initiatives. However, rising freight costs and high debt levels are worrisome.
Much of the gains have come after Blue Apron said a recent partnership with WW, formerly known as Weight Watchers, had seen “higher-than-expected demand to date.” Subsequently, the company reported a fourth-quarter loss that was narrower than expected. The results prompted Goldman Sachs to raise its price target by 10 cents to $1.40, though the firm said a “high degree of execution uncertainty” remained around the stock.
Blue Apron shareholders have been starved for good news, but the subscription meal company gave investors some promising updates last month.
The Zacks Analyst Blog Highlights: Stitch Fix, Snap, Spotify, Blue Apron and Weight Watchers
Blue Apron Holdings Inc. said Wednesday that it has launched a new line of "recipe solutions" called Knick Knacks that will provide the spices, sauces, grains, and dairy but leave the meat and produce to the diners. Knick Knacks will be available on Jet.com, a Walmart Inc. e-commerce site, which has an existing partnership with Blue Apron. Knick Knack recipe kits include creamy shrimp gnocchi and a Mexican-spiced chicken quinoa bowl. Blue Apron shares have lost more than 55% over the past year while the S&P 500 index is up 1.4% for the period.
Blue Apron is introducing a lower-cost version of its meal kits, initially only for Jet.com shoppers in the greater New York City metro area. The new recipe kits, called "Knick Knacks," still require refrigeration, but require customers to supply their own protein and produce to complete the meal. As you may recall, Walmart subsidiary Jet announced in October that it would begin selling Blue Apron's meal kits to its City Grocery customers.
Blue Apron Holdings, Inc. (APRN), known for creating incredible meal experiences, today introduced its most flexible culinary innovation to date: Blue Apron Knick Knacks™, a new line of recipe solutions that give consumers the flexibility to combine the protein and produce of their choice with specialty, pre-portioned, refrigerated ingredients and step-by-step recipes to enjoy a delicious meal for two.
Archer Daniels (ADM) posts lower-than-expected results in fourth-quarter 2018. However, management is confident about its strategic initiatives.
Estee Lauder's (EL) Q2 earnings and sales jump year over year and beat the Zacks Consensus Estimate. Most categories, regions and brands witness sales growth.
Sysco Corporation (SYY) Q2 earnings decline year over year, while sales grow. The company continues to make business investments, especially in the international unit.
Archer Daniels (ADM) completes the Neovia buyout, which is expected to help the company offer value-added products for production and companion animals.
Blue Apron Holdings Inc (NYSE: APRN), a company that delivers meal kits for customers to prepare in their homes, reported in line fourth-quarter results. Blue Apron's earnings report was mostly in line with expectations while cost management initiatives pushed the company closer towards break-even EBITDA as losses improved from negative $20 million last year to negative $8 million, Morgan Stanley's Brian Nowak said in a research report. Blue Apron's management laid out a strategy for 2019 and beyond in which the company will scale back on marketing that generated "unproductive revenue," KeyBanc Capital Markets' Edward Yruma said in a research report.
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Blue Apron's Better-than-Expected Results in the Fourth QuarterBetter-than-expected resultsBlue Apron (APRN) announced better-than-expected results for the fourth quarter of 2018 after the financial markets closed yesterday. The meal-kit delivery
A new Knick Knacks meal kit will cost $7.99 and come with enough ingredients to pair with a store-bought produce or protein.
Blue Apron Holdings said it lost more customers in the latest quarter as the maker of subscription food boxes cut back on advertising and marketing for its meal-kits.