Blue Apron (APRN) Exploring Strategic Alternatives
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Blue Apron Holdings, Inc. Reports Fourth Quarter and Full Year 2019 Results and Provides Corporate Update
February 18, 2020 4:26 PM ESTKey Highlights:
Delivered net loss and adjusted EBITDA for the fourth quarter of 2019 in line with previously provided guidance range. Net loss for the fourth quarter of 2019 improved by $1.8 million, or 8%, year-over-year; adjusted EBITDA decreased by $0.5 million, or 7%, year-over-year. Improved certain key customer metrics including average revenue per customer and orders per customer, with year-over-year increases of 6% and 7% respectively, representing the fourth consecutive quarter of year-over-year improvements. Announces the planned closure of its Arlington, Texas facility and consolidation of volume into its New Jersey and California facilities in order to more efficiently... More