Blue Apron (APRN) Misses Q3 EPS by 1c
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Blue Apron Holdings, Inc. Reports Third Quarter 2019 Results
October 31, 2019 6:45 AM EDTKey Highlights:
Net loss improvement of $7.7 million, or 23%, year-over-year; adjusted EBITDA improvement of $5.6 million, or 30%, year-over-year driven by expense management. Blue Apron continues to pursue growth strategy while also improving certain key customer metrics year-over-year, including increases of 11% in average revenue per customer and 10% in orders per customer. Blue Apron reaffirms confidence in achieving quarterly customer and revenue growth on a quarter-over-quarter basis in the first quarter of 2020 and year-over-year basis in the second half of 2020. Strengthened executive team with the appointments of General Counsel and Chief Human Resources... More