Blue Apron (APRN) Tops Q2 EPS by 53c, Offers Q3 Guidance
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Blue Apron Holdings, Inc. Reports Second Quarter 2020 Results
July 29, 2020 6:30 AM EDTKey Highlights:
Net revenue for the second quarter of 2020 increased 10% year over year and 29% on a quarterly sequential basis to $131.0 million largely due to the impact on consumer behavior from the COVID-19 pandemic, as well as the continued execution of the companys growth strategy. Increased Customers by approximately 20,000 in the quarter. Average Revenue per Customer increased 25% year over year to $331, Orders per Customer increased 17% year over year to 5.4 and Average Order Value increased year over year 5% to approximately $61, all the highest reported levels since prior to 2015. Achieved net income of $1.1... More