Categories AlphaGraphs, Consumer, Earnings, Retail
A visual dashboard of Blue Apron’s (APRN) Q1 2020 earnings results
Blue Apron Holdings (NYSE: APRN) posted a wider loss in the first quarter of 2020 with a year-over-year drop in revenue. The New York-based meal kit provider’s loss expanded to $20.1 million or $1.51 per share in the just-concluded quarter from a loss of $5.28 million or $0.41 per share in the year-ago quarter. Revenue dropped 28% to $101.9 million. APRN stock was down more than 15% in the before-market session.
Blue Apron said that demand for meal kits increased in the latter part of Q1 as a result of changes to consumer behavior following the implementation of stay-at-home and restaurant restriction orders throughout much of the United States in response to the COVID-19 pandemic.
For the second quarter, the company expects revenue to grow annually in high single digits percentage to about $130 million and a net loss of no more than $6 million. Blue Apron also expects to deliver a positive adjusted EBITDA of at least $5 million and a positive operating cash flow of at least $10 million in Q2.
Most Popular
After mixed Q2, what awaits Apple (AAPL) in the second half?
Apple’s (NASDAQ: AAPL) stock rallied this week after the gadget giant reported stronger-than-expected Q2 results and announced the largest-ever share buyback program. The company is investing heavily in the business,
What to expect when Tyson Foods (TSN) reports Q2 2024 earnings results
Shares of Tyson Foods, Inc. (NYSE: TSN) stayed green on Friday. The stock has gained 8% over the past three months. The branded foods company is slated to report its
EXPE Earnings: Expedia reports adj. profit for Q1; revenue rises 8%
Expedia Group (NASDAQ: EXPE) has reported an increase in revenues for the first quarter of 2024. The travel company turned to net profit in Q1, on an adjusted basis, from
