Blue Apron (APRN) Tops Q3 EPS by 48c, Q4 Revenue Guidance Comes in Light
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Blue Apron Holdings, Inc. Reports Third Quarter 2020 Results
October 29, 2020 6:30 AM EDTKey Highlights:
Net revenue for the third quarter of 2020 increased 13% year over year to $112.3 million in part due to the ongoing positive impact on consumer behavior from the pandemic, as well as the continued execution of the companys growth strategy. Net revenue was negatively impacted by approximately $2.0 million of credits issued for customer boxes affected by a voluntary recall of onions supplied to the company. Key customer metrics year-over-year growth continued as Average Revenue per Customer increased 22% to $314, Orders per Customer rose 20% to 5.4, and Average Order Value grew 2% to approximately $59, despite a 7%... More