Blue Apron Holdings, Inc. Reports Second Quarter 2018 Results
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August 3, 2018 7:50 AM EDT
Morgan Stanley lowered its price target on Blue Apron (NYSE: APRN) to $1.30 (from $1.90) while maintaining an Equalweight rating following the company's 2Q earnings report. APRN's 2Q results disappointed, as a 6% miss on revenue ($179.6mn) overshadowed in-line adj. EBITDA (-$17.5mn). Revenue was negatively impacted... More
August 2, 2018 12:52 PM EDT
RBC Capital lowered its price target on Blue Apron (NYSE: APRN) to $2.00 (from $4.00) while maintaining a Sector Perform rating following results.
Analyst Mark Mahaney notes multi-channels market approach but fundamentals in the core business remain weak, and they are increasingly uncertain on the medium- and long-term outlook.
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August 2, 2018 7:04 AM EDT
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...
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