Blue Apron (APRN) Misses Q4 EPS by 6c, Offers Outlook
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Blue Apron Holdings, Inc. Reports Fourth Quarter and Full Year 2020 Results
February 18, 2021 6:30 AM ESTKey Highlights:
Net revenue for the fourth quarter of 2020 increased 22% year over year to $115.5 million driven, in part, by the continued execution of the companys growth strategy, including through product innovation. Key customer metrics year-over-year growth continued in the fourth quarter as Average Order Value grew 6% to over $61, the highest reported level since prior to 2015; Orders per Customer rose 15% year over year to 5.3 and Average Revenue per Customer increased 22% to $327. Net loss improved $10.0 million, or 46%, year over year in the fourth quarter to $(11.9) million; adjusted EBITDA improved $6.7 million, or 80%, year over year to... More