Acquisition Target Blue Apron Surpasses Sales Expectations In Q3 Despite Customer Downturn

Benzinga2023-11-10

Blue Apron Holdings, Inc (NASDAQ:APRN) reported a third-quarter FY23 sales decline of 9.9% year-on-year to $98.8 million, beating the consensus of $97.6 million.

EPS loss of $(1.34), up from $(8.93) Y/Y, beat the consensus loss of $(1.99).

Orders fell 20.2% Y/Y, while the average order value rose 12.5% to $79.66.

The average revenue per customer grew 21.5% Y/Y to $413. The number of customers fell by 26.3%.

Adjusted EBITDA loss improved to $(4.08) million from $(18.13) million last year.

The company held $27.2 million in cash and equivalents and used $(2.76) million in free cash flow.

In September, the meal kit company agreed to be acquired by Marc Lore-founded food-delivery firm Wonder Group at a 137% premium, representing an equity value of approximately $103 million.

The stock has gained 131.4% in the last six months and 42.3% YTD.

APRN Price Action: Blue Apron shares traded higher by 0.12% at $12.99 on the last check Thursday.

Read Next: Wall Street To Snap Longest Winning Streak Since 2021 Today? Earnings, Bond Yields In Focus Ahead Of Powell's Speech

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2382249761?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-11-10 02:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2382249761","market":"us","top_or_hot":-1,"title":"Acquisition Target Blue Apron Surpasses Sales Expectations In Q3 Despite Customer Downturn","media":"Benzinga","content":"<html><body><p><strong>Blue Apron Holdings, Inc </strong>(NASDAQ:APRN) reported a third-quarter FY23 sales decline of 9.9% year-on-year to $98.8 million, beating the consensus of $97.6 million.</p>\n<p>EPS loss of $(1.34), up from $(8.93) Y/Y, beat the consensus loss of $(1.99).</p>\n<p>Orders fell 20.2% Y/Y, while the average order value rose 12.5% to $79.66.</p>\n<p>The average revenue per customer grew 21.5% Y/Y to $413. The number of customers fell by 26.3%.</p>\n<p>Adjusted EBITDA loss improved to $(4.08) million from $(18.13) million last year.</p>\n<p>The company held $27.2 million in cash and equivalents and used $(2.76) million in free cash flow.</p>\n<p>In September, the meal kit company agreed to be acquired by Marc Lore-founded food-delivery firm <strong>Wonder Group </strong>at a<strong> </strong>137% premium, representing an equity value of approximately $103 million.</p>\n<p>The stock has gained 131.4% in the last six months and 42.3% YTD.</p>\n<p><strong>APRN Price Action:</strong> Blue Apron shares traded higher by 0.12% at $12.99 on the last check Thursday.</p>\n<p><em>Read Next: Wall Street To Snap Longest Winning Streak Since 2021 Today? Earnings, Bond Yields In Focus Ahead Of Powell's Speech</em></p>\n</body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Acquisition Target Blue Apron Surpasses Sales Expectations In Q3 Despite Customer Downturn</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAcquisition Target Blue Apron Surpasses Sales Expectations In Q3 Despite Customer Downturn\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-10 02:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/23/11/35701889/acquisition-target-blue-apron-surpasses-sales-expectations-in-q3-despite-customer-downturn><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Blue Apron Holdings, Inc (NASDAQ:APRN) reported a third-quarter FY23 sales decline of 9.9% year-on-year to $98.8 million, beating the consensus of $97.6 million.\nEPS loss of $(1.34), up from $(8.93) Y...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/23/11/35701889/acquisition-target-blue-apron-surpasses-sales-expectations-in-q3-despite-customer-downturn\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TGT","symbol_name":"塔吉特","start_time":0,"source_url":"https://www.benzinga.com/news/earnings/23/11/35701889/acquisition-target-blue-apron-surpasses-sales-expectations-in-q3-despite-customer-downturn","article_id":"2382249761","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2382249761","pubTimestamp":1699553833,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Blue Apron Holdings, Inc (NASDAQ: APRN) reported a third-quarter FY23 sales decline of 9.9% year-on-year to $98.8 million, beating the consensus of $97.6 million.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TGT":"塔吉特","APRN":"Blue Apron Holdings Inc."},"translate_title":"尽管客户低迷，收购目标蓝色围裙在第三季度超过销售预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TGT":1,"APRN":0.9},"content_text":"Blue Apron Holdings, Inc (NASDAQ:APRN) reported a third-quarter FY23 sales decline of 9.9% year-on-year to $98.8 million, beating the consensus of $97.6 million.\nEPS loss of $(1.34), up from $(8.93) Y/Y, beat the consensus loss of $(1.99).\nOrders fell 20.2% Y/Y, while the average order value rose 12.5% to $79.66.\nThe average revenue per customer grew 21.5% Y/Y to $413. The number of customers fell by 26.3%.\nAdjusted EBITDA loss improved to $(4.08) million from $(18.13) million last year.\nThe company held $27.2 million in cash and equivalents and used $(2.76) million in free cash flow.\nIn September, the meal kit company agreed to be acquired by Marc Lore-founded food-delivery firm Wonder Group at a 137% premium, representing an equity value of approximately $103 million.\nThe stock has gained 131.4% in the last six months and 42.3% YTD.\nAPRN Price Action: Blue Apron shares traded higher by 0.12% at $12.99 on the last check Thursday.\nRead Next: Wall Street To Snap Longest Winning Streak Since 2021 Today? Earnings, Bond Yields In Focus Ahead Of Powell's Speech","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2382249761"}