Blue Apron shares fell 3% to $1.08 apiece on Tuesday after the beaten-down meal-kit maker reported a smaller-than-expected first-quarter loss after naming a new chief executive. Shares of the company have plummeted 90% since going public two years ago amid intense competition in the meal preparation and grocery space.
Is blue apron stock a buy?
Blue Apron has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
How has blue apron stock fared?
Shares of Blue Apron have crumbled ~50% from all-time highs as investors look forward to the reopening of the U.S. economy.
How profitable is blue apron?
Net revenue increased 2% year-over-year to $470.4 million from $460.6 million in 2020, primarily due to improvements in key customer metrics such as Average Order Value and Average Revenue per Customer, which reflect the continued execution of the company's growth strategy, including through product innovation and ...
Will blue apron stock go up?
The Blue Apron Inc stock price gained 7.74% on the last trading day (Friday, 27th May 2022), rising from $3.10 to $3.34. , and has now gained 4 days in a row....Predicted Opening Price for Blue Apron Inc of Tuesday, May 31, 2022.Fair opening price May 31, 2022Current price$3.27$3.34 (Overvalued)
Is Blue Apron failing?
Meal kit company Blue Apron has lost some of its steam in customer retention, losing 21,000 customers in Q2 2021 compared to the same period last year, but says other key performance metrics including average order value and average revenue per customer are strong.
Does Amazon own Blue Apron?
Quick recap: Salzberg and two co-founders launched Blue Apron in 2012, and grew it to a $2.2 billion valuation before going public in July 2017--just as Amazon bought Whole Foods. Soon, Blue Apron's stock tanked.
Is Blue Apron successful?
Blue Apron is worth billions, and is raking in the dough at a breakneck pace, exceeding even their own financial benchmarks according to Bloomberg News. In 2016, they made between $750 million and $1 billion of revenue, which is exponentially more than the $300-$400 million they initially pitched to investors.
Who owns Blue Apron?
Blue Apron HoldingsBlue Apron / Parent organization
What is Blue Apron financial situation?
Blue Apron Holdings, Inc. Reports Third Quarter 2021 Results. Key Highlights: Net revenue for the third quarter 2021 decreased approximately 2% year over year to $109.7 million and increased approximately 10% compared to net revenue in the pre-pandemic third quarter of 2019.
Why is blue apron rising?
Blue Apron (NYSE:APRN) finally has some good news to report. After a difficult week and an even more difficult month, the meal-kit producer has secured a significant cash infusion. The combination of a new capital investment and refinancing maneuvers have flushed the company with $70.5 million in new capital.
What industry is Blue Apron in?
e-commerce businessBlue Apron, LLC operates as an e-commerce business that delivers fresh ingredients and recipes to make meals for homes. The Company offers fresh meats, fish, herbs, vegetables, and fruits in refrigerated boxes with ingredients and recipe cards. Blue Apron serves customers in the United States.
What happened
Shares of Blue Apron (NYSE: APRN) stock were sliding today after the struggling meal-kit company said it would enact a reverse stock split in order to keep its stock price above $1 and avoid being delisted by the New York Stock Exchange.
So what
In a press release today, Blue Apron said it was proposing a reverse stock split of 1-to-5 for Class A shares and 1-to-15 for Class B shares, which would be put to approval at the annual shareholder meeting on June 13.
Now what
Blue Apron's reverse split is just the latest sign of trouble for long-suffering meal-kit stock.
The meal-kit provider hits new lows after another problematic report. It's the new recipe for indigestion
Since 1995, Rick has been writing for The Motley Fool, where he's a consumer and tech stocks specialist. Yes, that's a long time with more than 20,000 bylines over those 24 years. He's been an analyst for Motley Fool Rule Breakers and a portfolio lead analyst for Motley Fool Supernova since each newsletter service's inception.
1. Revenue is going the wrong way
Blue Apron's revenue of $210.6 million may be 3% higher than it was a year earlier, but it's still a sizable sequential decline and the latest period of sharply decelerating top-line growth. Things are going to get worse.
2. The novelty is wearing thin
There were 856,000 customers during the third quarter, 6% fewer than a year earlier. Revenue still inched higher as average revenue per customer rose to $245 for the quarter, and that's good, but that was a sequential decline.
3. The trend is not Blue Apron's friend
There's a reason why Blue Apron dismissed 6% of its workforce last month, and it's not because this is the calm before the storm. Blue Apron knows that things aren't going well now, and they are likely to be worse in the near future. Competition is also heating up, coming from expected and even unexpected players.
How much is Blue Apron worth?
It’s worth far less. Indeed, Blue Apron is worth just $211 million today including its day’s gains, according to Google Finance. Blue Apron was worth about $1.9 billion when it went public, for reference.
How much did Furlenco raise?
Furlenco, a Bangalore-based startup that operates an eponymous furniture and appliance rental service, said today it has raised $140 million in a financing round as it looks to scale its operations...
What is Tinybird startup?
Meet Tinybird, a new startup that helps developers build data products at scale without having to worry about infrastructure, query time and all those annoying issues that come up once you deal wit...
What is Nirman Dave's first startup?
Nirman Dave’s two startups are very different, but both have a DIY spirit. The first, called CircuiTricks and founded during his gap year after high school, created kits to teach students about ele...
Is Blue Apron still worth it?
Blue Apron is still worth about what it raised as a private company ; its market cap is only about 40% of the money it raised while private in addition to its IPO haul. This company is still priced like it’s on life support. And that makes some sense. Here are some facts from its Q4 and full-year 2019 report:
Is Blue Apron the hottest stock in the world?
Suddenly Blue Apron is the hottest stock in the world, skyrocketing as other companies shed value. Today in regular trading, American indices fell so far that they triggered protective circuit breakers. At the same time, Blue Apron was doing this (via Google Finance):
How much did Blue Apron raise?
On Thursday, the company said it opted for Plan C, noting that Blue Apron had raised $32.9 million via the sale of 4 million shares in August at $9.25 apiece. Blue Apron also disclosed that it signed a new $35 million senior secured term loan in October.
How much did Blue Apron lose in the third quarter?
For the third quarter, Blue Apron reported revenue of $112.3 million, up 13% from a year ago, and a little ahead of the Street consensus for $112 million. The company said the total was reduced by $2 million for customer credits tied to “a voluntary recall of onions supplied to the company.” The company lost $15.3 million in the quarter, or 96 cents a share, less than the Street forecast for a loss of $1.25 a share.
