Blue Apron (APRN) Misses Q2 EPS by 9c, Offers Outlook
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Blue Apron Holdings, Inc. Reports Second Quarter 2021 Results
August 3, 2021 6:30 AM EDTKey Highlights:
Second quarter 2021 net revenue of $124.0 million was in-line with the companys guidance.(1) Second quarter 2021 net loss was $18.6 million, inclusive of a non-cash charge of approximately $4.1 million, related to the May 2021 amendment to the companys financing agreement. Excluding this charge, net loss outperformed the companys guidance. (1) Second quarter 2021 Adjusted EBITDA loss of $3.5 million exceeded the companys guidance. (1)Â Â Key customer metrics continue to reflect the benefit of the companys growth strategy, including the third consecutive quarterly record for Average Order Value. Strengthened balance sheet and improved... More