Blue Apron (APRN) Tops Q4 EPS by 5c
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Blue Apron Holdings, Inc. Reports Fourth Quarter and Full Year 2018 Results
January 30, 2019 4:23 PM ESTKey Highlights:
Net loss for the fourth quarter of 2018 improved 39%, or $15.4 million, year-over-year from $39.1 million to $23.7 million; adjusted EBITDA improved 60%, or $11.9 million, year-over-year from a loss of $19.7 million to a loss of $7.8 million, driven by expense management and operational efficiencies. In the fourth quarter of 2018 COGS improved 930 basis points year-over-year to 60.8% as a percentage of net revenue, resulting from operational efficiencies created through enhanced fulfillment center processes. Subsequent to the fourth quarter, Blue Apron is: Transferring substantial production volume from... More