Blue Apron (APRN) Tops Q1 EPS by 3c, Revenue Misses
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Blue Apron Holdings, Inc. Reports First Quarter 2019 Results
April 30, 2019 7:00 AM EDTKey Highlights:
Improved net loss 83% year-over-year to $5.3 million in the first quarter of 2019 from a loss of $31.7 million. Achieved profitability on an adjusted EBITDA basis of $8.6 million in the first quarter of 2019, with an improvement of $25.8 million year-over-year from an adjusted EBITDA loss of $17.2 million. Delivered operating cash flow of $5.1 million and free cash flow of $3.4 million in the first quarter of 2019. Improved COGS 750 basis points year-over-year to a record performance of 58.3% as a percentage of net revenue in the first quarter of 2019, resulting from operational... More