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 (APRN) Q1 2020 Earnings Infograph

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

BIIB Earnings: Biogen Q1 2024 adj. earnings rise despite lower revenues

Biotechnology firm Biogen Inc. (NASDAQ: BIIB) Wednesday reported an increase in adjusted profit for the first quarter of 2024, despite a decline in revenues. Total revenue declined 7% year-over-year to

Hasbro (HAS) Q1 2024 Earnings: Key financials and quarterly highlights

Hasbro, Inc. (NASDAQ: HAS) reported first quarter 2024 earnings results today. Revenues decreased 24% year-over-year to $757.3 million. Net earnings attributable to Hasbro, Inc. were $58.2 million, or $0.42 per

BA Earnings: Highlights of Boeing’s Q1 2024 financial results

The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2024, reporting a narrower net loss, on an adjusted basis. Revenues dropped 8%. Core loss,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top