Categories AlphaGraphs, Earnings, Retail

Blue Apron doesn’t impress Wall Street in Q2

Blue Apron Holdings (NYSE: APRN) reported second-quarter losses that were narrower than what the street anticipated. Q2 net loss narrowed to 59 cents per share from 2.56 per share a year ago and the company reduced its marketing spend. Analysts were expecting a second-quarter loss of $1.08 per share.

Marketing expenses were cut down to $9.7 million from $34.6 million a year ago.

Blue Apron Holdings (NYSE: APRN) reported second-quarter losses that were narrower than what the street anticipated.

Meanwhile, the company failed when it comes to meeting the street expectations in terms of top-line performance. During this period, net revenue decreased 34% year-over-year to $119.2 million, missing the street target of $138.09 million.

Orders declined quarter-over-quarter, despite a slight increase in average revenue per customer. Orders fell 17% in Q2, even as average revenue per customer increased to $265 from $258 in the first quarter.

APRN shares fell 1.4% during pre-market hours on Tuesday.

Blue Apron faces tough competition from other delivery services as well as retailers like Walmart (NYSE: WMT) and Kroger (NYSE: KR) who offer lower-priced meal kits in their stores. This significantly hurts the company’s business.

READ: Grubhub stock plunges on Q2 earnings miss

In June, Blue Apron announced a 1-for-15 reverse stock split which helped it avoid delisting from the NYSE. Last month, the company announced it would start offering plant-based products from Beyond Meat (NASDAQ: BYND) on its menus from August.

Wall Street remains unimpressed with these two moves. Analysts do not see much benefit coming out of these actions and even though Blue Apron’s shares had spiked 20% on the Beyond Meat-alliance news, it was considered nothing more than a halo effect.

Blue Apron’s shares have dropped 52% year-to-date and 48% over the past three months. 

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results

Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a

AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates

Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion

Comments

  1. Pingback: regional
  2. Pingback: Ethical practices
  3. Pingback: machine hip thrust
  4. Pingback: prodentim
  5. Pingback: Fiverr Earn
  6. Pingback: Fiverr Earn
  7. Pingback: Fiverr Earn
  8. Pingback: Fiverr Earn
  9. Pingback: Fiverr Earn
  10. Pingback: Fiverr Earn
  11. Pingback: Fiverr Earn
  12. Pingback: Fiverr Earn
  13. Pingback: fiverrearn.com
  14. Pingback: fiverrearn.com
  15. Pingback: fiverrearn.com
  16. Pingback: fiverrearn.com
  17. Pingback: fiverrearn.com
  18. Pingback: fiverrearn.com
  19. Pingback: fiverrearn.com
  20. Pingback: 3pl Broker
  21. Pingback: dallas frenchie
  22. Pingback: clima para hoy
  23. Pingback: fiverrearn.com
  24. Pingback: fiverrearn.com
  25. Pingback: fiverrearn.com
  26. Pingback: boat rental cancun
  27. Pingback: swimsuit
  28. Pingback: techno
  29. Pingback: future university
  30. Pingback: french bulldogs
  31. Pingback: Warranty
  32. Pingback: FUE
  33. Pingback: FUE
  34. Pingback: FUE
  35. Pingback: Classic Books 500
  36. Pingback: FiverrEarn
  37. Pingback: Fiverr
  38. Pingback: FiverrEarn
  39. Pingback: Speaker
  40. Pingback: FiverrEarn
  41. Pingback: FiverrEarn
  42. Pingback: Sefton Porn Stars
  43. Pingback: partners
  44. Pingback: frenchie puppies
  45. Pingback: FiverrEarn
  46. Pingback: live sex cams
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: Lightroom Presets
  55. Pingback: anniversary
  56. Pingback: landscape
  57. Pingback: FiverrEarn
  58. Pingback: FiverrEarn
  59. Pingback: FiverrEarn
  60. Pingback: FiverrEarn
  61. Pingback: sumatra tonic scam
  62. Pingback: cheap sex cams
  63. Pingback: french bulldog
  64. Pingback: live sex cams
  65. Pingback: frt trigger
  66. Pingback: 늑대닷컴
  67. Pingback: allgame
  68. Pingback: 918kiss
  69. Pingback: หวย24
  70. Pingback: Skincare for pores
  71. Pingback: pg slot
  72. Pingback: carte uno reverse
  73. Pingback: cybersécurité
  74. Pingback: megagame
  75. Pingback: apply evisa online
  76. Pingback: 300 wsm ammo
  77. Pingback: weight loss
  78. Pingback: itsMasum.Com
  79. Pingback: FB URL Shortener
  80. Pingback: masumintl
  81. Pingback: itme.xyz
  82. Pingback: Bokeo Thailand

Comments are closed.

Tags

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