APRN News

Blue Apron (APRN) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

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Having these ingredients delivered straight to your door will help avoid the risk of having to shop in public during these uncertain times.

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Blue Apron’s Chief Executive Linda Kozlowski spoke with MarketWatch about the bump in demand for meal kits during the COVID-19 outbreak.

(Bloomberg) -- Investors don’t seem too pleased with results from Blue Apron Holdings Inc.The shares dropped as much as 33% on Wednesday, their biggest slump in a month, after the spreading pandemic built up anticipation for Blue Apron’s meal-kit business. The stock had risen 450% from its March lows before Wednesday.The quarterly loss widened to $20.1 million compared to $5.3 million a year earlier. And if you check out key customer metrics, while orders are up from Dec. 31, they’re still solidly below the levels seen in the period ended March 31, 2019.Analysts were also expecting a greater increase in revenue per customer, while quarterly sales fell from last year. Total sales slipped to $101.9 million from $141.9 million a year earlier, although the average revenue per customer rose to $271 from $258. Still, Canaccord analysts had expected about triple the growth in revenue per customer compared to the 5% boost Blue Apron reported.(Updates shares in second paragraph.)For 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.

Shares of meal kit provider Blue Apron Inc. slid 9% in premarket trade Wednesday, after the company posted weaker-than-expected first-quarter earnings, but said stay-at-home mandates during the coronavirus pandemic have significantly boosted demand for its products. The company posted a net loss of $20.1 million, or $1.51 a share, in the quarter, wider than the loss of $5.28 million, or 41 cents a share, posted in the year-earlier period. Revenue fell to $101.9 million from $141.9 million. The FactSet consensus was for a loss per share of $1.50 and revenue of $107.0 million. The company said the pandemic did not have a material impact on first-quarter numbers, but it is expecting second-quarter revenue to grow in the high single digits. The company is hiring new workers and increasing production capacity, temporarily reducing variety in menus to limit the need to change production lines. The company said it has no supply chain issues or disruption at fulfillment centers. "The company believes there will be an ongoing positive impact on demand for its meals, although the duration and extent of this demand increase is unknown," it said in a statement. Separately, the company said it has filed a shelf registration with the Securities and Exchange Commission to issue up to $75 million in stock or debt. Shares have gained 91% in the year to date, while the S&P 500 has fallen 11%.

Blue Apron Holdings, Inc. (NYSE: APRN) (the "Company") announced today that it has filed a "universal shelf" registration statement on Form S-3 (the "Registration Statement") with the Securities and Exchange Commission (the "SEC") for the registration of shares of the Company’s Class A common stock, senior or subordinated debt securities, preferred stock and/or warrants (collectively, the "Securities").

Shares of meal kit provider Blue Apron (APRN) slid roughly 24% in morning trading on Wednesday after the company reported weaker-than-expected Q1 earnings.

Blue Apron's first-quarter loss widened on 28% lower revenue. The pandemic is nonetheless helping demand for meal kits as consumers stay home.

One of the biggest stories of last week was how Blue Apron Holdings, Inc. (NYSE:APRN) shares plunged 39% in the week...

Blue Apron Holdings, Inc. (NYSE: APRN) announced changes to its operations management team today. Effective immediately, Jason Hatcher, vice president of operations, and Greg Wysocki, vice president of procurement and supply chain will assume leadership of Blue Apron’s fulfillment and supply chain operations and will report directly to Chief Executive Officer Linda Findley Kozlowski. Alan Blake, chief operating officer will be leaving the company on June 1 to pursue another opportunity.

Linda Kozlowski, Blue Apron President & CEO, joined Yahoo Finance's Jen Rogers, Myles Udland, Dan Roberts, and Rick Newman to discuss the company's first quarter earnings report and her outlook for the rest of the year.

Chick-fil-A is bringing back its Chicken Parmesan meal kit. It first tested out the kits in 2018 to positive customer reviews.

"Even as restrictions on consumer behavior begin to ease, we expect that there will be a shift to new economic and social norms, reflecting the changes in cooking and eating habits developed during the weeks or months consumers spend at home, and these will persist for some time," Chief Executive Officer Linda Findley Kozlowski said on a post-earnings call. Blue Apron, which went public in 2017, has been losing ground to competition from established grocers that are bringing out their own meal-kits.

Shares of Blue Apron Hldgs (NYSE:APRN) fell over 12% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 4933.33% year over year to ($1.51), which missed the estimate of ($1.50).Revenue of $101,857,000 lower by 28.21% from the same period last year, which missed the estimate of $107,500,000.Outlook Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: Apr 29, 2020View more earnings on APRNTime: 08:02 PM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/aprn/mediaframe/37252/indexr.htmlRecent Stock Performance 52-week high: $28.8452-week low: $0.55Price action over last quarter: Up 187.50%Company Profile Blue Apron Holdings Inc is a United States-based company involved in discovering new recipes, ingredients, and cooking techniques to prepare meals which are sent along with fresh, seasonal ingredients, directly to customers. The company offers its customers two flexible plans, 2?Serving Plan and 4-Serving Plan. Its recipes are accompanied by printed and digital content, including how-to-cook instructions and the stories of its suppliers and specialty ingredients. The company also sells wine, cooking tools, utensils, and pantry items.See more from Benzinga * Brinker International: Q3 Earnings Insights * Recap: Costamare Q1 Earnings * Banc of California: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

The meal kit delivery company saw a strong jump in revenues in the recent quarter Continue reading...

The meal kit delivery company expects to see a big uptick in its business because of the widespread lockdowns, but will it last?