|Bid||0.00 x 3100|
|Ask||2.26 x 1000|
|Day's Range||2.10 - 2.20|
|52 Week Range||1.72 - 6.25|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.71|
In this article, I’m going to take a look at Blue Apron Holdings Inc’s (NYSE:APRN) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subjectRead More...
Investors eagerly anticipated Blue Apron's June 2017 initial public offering, but were soon turned off when they learned about its strategy of adding ever-higher numbers of subscribers without regard to the accelerating financial losses. Blue Apron is essentially a logistics operation but the founding management viewed it as a marketing company and neglected the operations. A new CFO brings valuable experience, and Blue Apron just hired a head of supply chain with extensive operations and logistics capabilities.
For the second quarter, Blue Apron Holdings’ (APRN) adjusted EPS came in at -$0.17. This matched the analysts’ estimates but was considerably narrowed from its EPS of -$0.47 reported in the second quarter of 2017. Extensive cost-cutting measures cushioned the company’s bottom-line numbers.
Online meal kit provider Blue Apron Holdings (APRN) announced its second-quarter earnings on August 2. For the second quarter, Blue Apron’s customer base declined 24.0% YoY to 717,000. Sequentially, its customer base shrank 9.0%.
Blue Apron Holdings’ (APRN) disappointing second-quarter results sent investors scurrying, leading to a 24.4% drop in its stock price on August 2. This brings the stock’s YTD (year-to-date) loss to 54.6% for the beleaguered meal kit provider. Compared with its IPO price of $10.00, APRN stock was down 81.7% to $1.83 on August 2.
KeyBanc analysts think Blue Apron is making fast changes to the company, but other analysts raise concerns about the company’s future prospects.
Blue Apron Holdings, Inc. (APRN) announced today that the Company’s Chief Executive Officer, Brad Dickerson, and Chief Financial Officer, Tim Bensley, will participate in the Canaccord Genuity Growth Conference in Boston on Thursday, August 9, 2018 at 10:00 a.m. EST. A live webcast and replay of the Canaccord session will be available on Blue Apron’s Investor Relations website at investors.blueapron.com. Blue Apron’s mission is to make incredible home cooking accessible to everyone.
NEW YORK, NY / ACCESSWIRE / August 3, 2018 / Blue Apron Holdings fell almost 25% on Thursday after revealing a revenue miss in its second quarter financial report and a decrease in customers. Shares of Fitbit also closed down after reporting its second quarter earnings report. Blue Apron Holdings, Inc. shares closed down 24.38% on almost 14 million shares traded on Thursday.
Shares of meal-kit provider Blue Apron fell the most since its IPO after the company failed to deliver on customer growth https://bloom.bg/2vv0HXN #tictocnews (Source: Bloomberg)
Blue Apron Holdings Inc. disclosed increasing customer losses, as the meal-kit maker struggles to fix logistical problems dogging its complex operations. The second biggest meal-kit company by revenue had 717,000 customers at the end of June, a 24% drop from last year, the company said. Blue Apron, a leader in the sector when it began in 2011, saw its operations suffer when a new, automated facility failed to ramp up as planned last year.
Shares of Blue Apron, the meal-kit company that had its initial public offering last year, have sunk 40% this year. Getting perishable ingredients to customers has proven to be a logistical nightmare. On top of that, Blue Apron has struggled to retain customers.
Meanwhile, the Nasdaq closed the session at its high point and the S&P 500 rose for just the second time in six sessions. The Dow fell 0.03%, or 7 points to 25,326, while the S&P 500 rose 0.49%, or 14 points to 2,827, and the Nasdaq gained 1.24%, or 95 points to 7,802. shares are down 2% Thursday afternoon after the company reported second-quarter revenue that missed analyst expectations.
Friday, August 3: Apple hits the much-anticipated $1 trillion market cap milestone; Blue Apron reports disastrous earnings and stock plummets; Bob Evans suspends a Coach Urban Meyer promo it launched just three days earlier. Yahoo Finance’s Dan Roberts steers you into the weekend.