Before handing the call over to the company, we will review the Safe Harbor statements. On this morning’s call, we have Linda Findley, President and Chief Executive Officer of Blue Apron and Mitch Cohen, Interim Chief Financial Officer. A slide presentation has been created to accompany today’s remarks and can be accessed on the Blue Apron Investor Relations website. As a reminder, this call is being recorded today, Thursday, May 4, 2023, for replay purposes. At this time, all participants are in a listen-only mode.

The company also sells wine, cooking tools, utensils, and pantry items.Operator: Good morning, and welcome to the Blue Apron Holdings First Quarter 2023 Earnings Conference Call and Webcast. Its recipes are accompanied by printed and digital content, including how-to-cook instructions and the stories of its suppliers and specialty ingredients. The company offers its customers two flexible plans, 2 Serving Plan and 4 Serving Plan. The firm was recently trading at a 52-week low of $2 on Octoand set a 52-week high on Decemat $12.76.īlue Apron Holdings Inc is a United States-based company involved in discovering new recipes, ingredients, and cooking techniques to prepare meals that are sent along with fresh, seasonal ingredients, directly to customers. Class A has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 1, putting Blue Apron Holdings Inc. InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.īlue Apron Holdings Inc. The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

The stock is down 12.56% to $1.80 after the report.ĭespite revenues increasing, earnings decreased, signaling a decline in profit margins. In the same quarter a year ago, the company lost $1.17 per share on revenue of $109.7 million. On the revenue line, the company reported $109.7 million, missing estimates by $9.2 million. Class A ( APRN) said before open Monday that it lost $0.74 per share in quarter three 2022.

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