Blue Apron (APRN) Tops Q2 EPS by 1c, Sales Miss
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Blue Apron Holdings, Inc. Reports Second Quarter 2018 Results
August 2, 2018 7:00 AM EDTKey Highlights:
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.NEW YORK--(BUSINESS WIRE)-- Blue Apron Holdings, Inc. (NYSE: APRN)... More
