Blue Apron (APRN) Tops Q2 EPS by 1c, Sales Miss
Blue Apron (NYSE: APRN) reported Q2 EPS of ($0.17), $0.01 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $179.6 million versus the consensus estimate of $188.47 million.
- Operational efficiencies created through enhanced fulfillment center processes resulted in 400 basis points COGS improvement year-over-year.
- Net loss increased $1.2 million or 4% year-over-year; adjusted EBITDA improved $6.4 million or 27% year-over-year driven by strong focus on expense management and operational efficiencies.
- Launched multi-product, multi-channel strategy to serve a variety of consumer behaviors.
- Strengthened executive team with appointments of Chief Financial Officer and Chief Supply Chain Officer.
For earnings history and earnings-related data on Blue Apron (APRN) click here.