Blue Apron (APRN) Posts Smaller Q4 Loss

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Blue Apron Holdings, Inc. Reports Fourth Quarter and Full Year 2022 Results

March 16, 2023 6:20 AM EDT

Announces Amendment to Accelerate Debt Pay Down, Reduces Liquidity Covenant;
Sees Significant Reduction in Cash Burn as of End of February 2023

NEW YORK--(BUSINESS WIRE)-- Blue Apron (NYSE: APRN) today announced financial results for the fourth quarter (4Q22) and full year (FY22) ended December 31, 2022.

Key Highlights

Net revenue of approximately $107 million in 4Q22, flat to the prior year period and down 3% sequentially, impacted by a seasonal decrease in volume Record high Average Order Value of $73.15 in 4Q22, an increase... More