Blue Apron (APRN) Reports Q3 Loss of $0.18/Share
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Blue Apron Holdings, Inc. Reports Third Quarter 2018 Results
November 13, 2018 4:16 PM ESTKey Highlights:
Net loss improved 61% or $53.3 million year-over-year from $87.2 million to $33.9 million; adjusted EBITDA improved 61% or $29.2 million year-over-year from a loss of $48.0 million to a loss of $18.8 million driven by expense management and operational efficiencies. COGS improved 1,010 basis points year-over-year resulting from operational efficiencies created through enhanced fulfillment center processes. Subsequent to the third quarter, Blue Apron refinanced its revolving credit facility and extended the maturity date to February 2021.NEW YORK--(BUSINESS WIRE)-- Blue Apron Holdings, Inc. (NYSE: APRN)... More
