Blue Apron (APRN) Misses Q2 EPS by 9c, Offers Outlook

Blue Apron (NYSE: APRN) reported Q2 EPS of ($0.98), $0.09 worse than the analyst estimate of ($0.89). Revenue for the quarter came in at $124 million versus the consensus estimate of $124.3 million.

2021 Full Year Outlook:

Blue Apron today provided an outlook for certain financial metrics, reflecting certain assumptions regarding the business, including the execution of the company’s strategic growth initiatives, planned investment increases in marketing initiatives, and ongoing operational improvements. The following guidance also assumes that the company will not experience any unforeseen significant disruptions in its fulfillment operations or supply chain.

Blue Apron continues to expect to generate high single-digit to low double-digit net revenue growth for the full year 2021 compared to 2020, with the expectation that the second half of 2021 will reflect growth over the second half of 2020. The company also continues to expect that it will generate positive annual adjusted EBITDA beginning with full year 2022.

For earnings history and earnings-related data on Blue Apron (APRN) click here.

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