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
MCD Earnings: McDonald’s comp sales up 12.6% in Q4; profit increases
Fast-food chain McDonald’s Corporation (NYSE: MCD) on Tuesday reported an increase in adjusted earnings for the fourth quarter of 2022 when its revenues remained broadly unchanged. The company said fourth-quarter
GM Earnings: All you need to know about General Motors Q4 2022 earnings results
General Motors Co. (NYSE: GM) reported fourth quarter 2022 earnings results today. Revenue increased 28.4% year-over-year to $43.1 billion. Net income attributable to stockholders increased 14.8% to $2 billion while EPS rose 19.8%
CAT Earnings: Highlights of Caterpillar’s Q4 2022 results
Construction-equipment manufacturer Caterpillar Inc. (NYSE: CAT) reported double-digit growth in fourth-quarter revenues and adjusted earnings. Adjusted net profit increased to $3.86 per share in the December quarter from $2.69 per
