|Bid||5.02 x 1800|
|Ask||5.03 x 900|
|Day's Range||4.99 - 5.14|
|52 Week Range||4.99 - 24.60|
|Beta (5Y Monthly)||1.09|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.50|
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.
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 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 firstname.lastname@example.orgTo contact the editor responsible for this story: Michael Newman at email@example.comThis 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.
The sixth paragraph of the release should read: For additional information on Blue Apron’s wellness recipes visit: www.blueapron.com/pages/wellness. (instead of www.blueapron.com/wellness.)
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.
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.
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 […]
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Today, Blue Apron (NYSE: APRN) announced a national partnership with the United Service Organizations (USO) to support active duty service members, veterans, and military family members. As the first meal kit partner of the USO, Blue Apron will provide a product discount to military service members, veterans, and their families and make up to a $50,000 pledge to USO’s matching gift program to support USO services and operations, which include family meal programming, care packages, entertainment tours, and expeditionary support. To formally launch the partnership, the Blue Apron culinary team cooked alongside chefs from each branch of the military to prepare a multi-course dinner for service members and their families at the USO Warrior and Family Center at Bethesda on Monday, November 18, leading in to the USO of Metropolitan Washington-Baltimore’s annual Salute to Military Chefs dinner in Washington, D.C.
Meal kit company Blue Apron (NYSE:APRN) was up under 1% on Wednesday. This was the first uptick after a tough week for APRN stock. Don't expect the good news to continue, though.Source: Roman Tiraspolsky / Shutterstock.com With intense competition, fading interest in meal kits and an unsustainable business model, Blue Apron stock faces an uphill battle. Meal Kits: Consumers Like(d) the Idea…Blue Apron is all about meal kits. Customers subscribe to the service, receiving a weekly box containing fresh ingredients for a meal, along with recipes. Customers then cook the meal themselves. The appeal is convenience (no grocery shopping required) and not having to come up with meal ideas after a long day at work.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAlso appealing to consumers is the idea that meal kits are more environmentally friendly than grocery shopping and preparing meals on their own. On the surface, meal kits from companies like Blue Apron may seem to have issues, including plastic packaging. However, professor Shelie Miller at the University of Michigan's School for Environment and Sustainability points out: * 10 Cheap Stocks to Buy Under $10 When we're talking about meal kits, we tend to focus on plastic and packaging. We need to take a much larger, system-level view to really look at everything, from when things are produced all the way to when they're disposed. When you take that view, the environmental impacts often are surprising.Professor Miller's research shows that through more efficient delivery (a truck loaded with meal kits on an optimized route) and lack of waste through pre-measured ingredients, a meal kit results in 33% less greenhouse gas emissions than a similar meal cooked from ingredients from a grocery store.Given the appeal, it's probably not surprising that APRN stock was in high demand after its 2017 initial public offering. However, interest in meal kits has faded after the initial rush of popularity. The recent announcement that Plated would end its meal kit subscription service was seen as another sign that consumers are losing interest. This also resulted in a 7% drop for Blue Apron stock. Questionable Business ModelScratch beneath the surface and the business model for meal kits reveals many areas of concern.APRN faces fixed costs for ingredients, packaging and shipping. There's not a lot of room for cost reduction there. Because it's food that's being handled, Blue Apron can't afford to make any mistakes, further reducing any opportunity for cost cutting. At best, missing an ingredient could cost them a customer. At worst, a damaged box could result in cross-contamination of ingredients and subsequent serious illnesses.With increased competition, Blue Apron faces high expenditures on marketing and promotions, yet customers don't always stick around. Daniel McCarthy, an assistant professor of marketing at Emory University told CNBC that roughly 50% of Blue Apron customers stay onboard for the first month at the discounted rate. Later, they quit the meal kit service when they have to pay full price. Surging CompetitionWhen a new market starts to show signs of taking off, early entrants are quickly fending off competition. And that is the case with Blue Apron.According to data from Pitchbook, in 2011 (Blue Apron was founded in 2012), interest had begun to develop in meal kits. But globally, just one venture capital firm invested in a meal kit company. Just four years later VC firms had invested over $440 million, backing 16 different meal kit companies.Revenue for the meal kit industry hit $2.5 billion in 2017, with estimates it would reach $8.94 billion by 2025. And that brought out the big competition. In addition to competition from other meal kit startups, grocery stores began acquiring meal kit companies and selling their own private label meal kits. The shoe really dropped in 2017, when Amazon (NASDAQ:AMZN) launched its own meal kit service. When that news was announced, APRN stock immediately took an 11% hit.Making the situation even more difficult, meal kits are competing against even more convenient, home delivered restaurant meals courtesy of services like Uber's (NYSE:UBER) Uber Eats. Bottom Line for APRN StockBlue Apron is in a tough position. It arrived early in a wave of meal kit companies that promised to make dinners more convenient for busy consumers. That promise and Blue Apron's early lead meant APRN stock was valued highly.However, initial success brought intense competition, including huge companies like Amazon. Attracting and keeping customers became increasingly expensive, while the cost of ingredients and shipping were essentially fixed. At the same time, companies like Uber Eats have been pushing convenience to the next level, by delivering ready-prepared meals from favorite restaurants, on demand.As InvestorPlace contributor Will Healy points out, this has left Blue Apron without any discernible competitive advantage.Not surprisingly, given the situation, Blue Apron stock has plummeted in the two years since its IPO. And there are few positives on the horizon. Even though it's cheap at $7.28, APRN is definitely not a stock to buy. That's unless you really enjoy the rush of risk.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * These 10 Stocks to Buy Make the Perfect 'Retirement' Portfolio * 5 Streaming Stocks to Buy for Huge Upside Over the Next Decade The post Blue Apron Stock Has Passed Its Expiration Date appeared first on InvestorPlace.
Albertsons Companies said Tuesday that it plans to phase out the Plated subscription meal service at the end of November. In its place, Albertsons will beef up its in-house culinary brand Own Brands, which will manage the expansion of the Plated brand into a home meal solution. The company will expand the Plated brand with new products in 2020. Albertsons tested meal-kit performance in its Northern California Safeway stores and found that those who purchased Plated products were more likely to have families and purchase larger baskets. Kroger Co. announced at its recent investor meeting that it would also be expanding its Home Chef meal-kit brand, which it acquired in 2018. Blue Apron Holdings Inc. stock was down 4.2% in Tuesday trading after the latest news from Albertsons. Blue Apron reported wider-than-expected losses and a revenue miss in its most recent earnings announcement. Blue Apron stock has lost 61.6% of its value over the past year while the S&P 500 index is up 13.4% for the period.
Flowers Foods (FLO) Q3 performance is likely to have gained from buyouts and efficient pricing strategy. However, rising production costs are likely to have been a drag.
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Even the best stock pickers will make plenty of bad investments. And unfortunately for Blue Apron Holdings, Inc...
Blue Apron Holdings (NYSE: APRN ) reported third-quarter losses of $1.99 per share on Thursday, down from losses of 18 cents per share from the same period last year. The company reported $99.5 million ...
Blue Apron (APRN) delivered earnings and revenue surprises of 93.19% and -17.99%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Blue Apron Holdings Inc. reported a third-quarter loss of $26.2 million, or $1.99 per share, after a loss of $33.9 million, or $2.64 per share, last year. Revenue was $99.5 million, down from $150.6 million in 2018. The FactSet consensus was for a loss of $1.98 per share and revenue of $107.0 million. The meal-kit company said the number of orders fell to about 1.73 million from 2.65 million last year, but the average order value rose to $57.60 from $56.79, and the average revenue per customer was up to $258 from $233 in 2018. Blue Apron shares are down nearly 67% over the past year while the S&P 500 index is up 12.4% for the period.
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.
Blue Apron Holdings, Inc. (APRN) announced today that it will release its third quarter 2019 financial results prior to the opening of the U.S. financial markets on Thursday, October 31, 2019. The release will be followed by a conference call and live webcast at 8:30 a.m., Eastern Time, hosted by Blue Apron Chief Executive Officer Linda Findley Kozlowski and Chief Financial Officer Tim Bensley, to discuss the company’s third quarter 2019 results and business outlook. The earnings conference call can be accessed by dialing (877) 883-0383 or (412) 902-6506, utilizing the conference ID 9057004.