Blue Apron (APRN) Misses Q1 EPS by 1c, Sees Q2 Revenue Growth
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Blue Apron Holdings, Inc. Reports First Quarter 2020 Results
April 29, 2020 6:15 AM EDTKey Highlights:
Delivered net loss and adjusted EBITDA for the first quarter of 2020 in line with previously provided guidance range. Net loss for the first quarter of 2020 was $20.1 million and adjusted EBITDA was a loss of $5.8 million. Net revenue increased 8% and customers increased 7% sequentially from the fourth quarter of 2019 primarily as a result of reaccelerated marketing efforts. Improved certain key customer metrics including average revenue per customer and orders per customer, with year-over-year increases of 5% and 4% respectively, representing the fifth consecutive quarter of year-over-year improvements in both... More