Blue Apron Holdings, Inc. Reports First Quarter 2020 Results
Blue Apron Holdings, Inc. (APRN)
Last blue apron holdings, inc. earnings: 4/29 06:15 am
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investors.blueapron.com
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Source: Business Wire
Key Highlights:Delivered net loss and adjusted EBITDA for the first quarter of 2020 in line with previously provided guidance range. Net loss for the first quarter of 2020 was $20.1 million and adjusted EBITDA was a loss of $5.8 million.Net revenue increased 8% and customers increased 7% sequentially from the fourth quarter of 2019 primarily as a result of reaccelerated marketing efforts.Improved certain key customer metrics including average revenue per customer and orders per customer, with year-over-year increases of 5% and 4% respectively, representing the fifth consecutive quarter of year-over-year improvements in both metrics.Subsequent to the first quarter Blue Apron has seen significant increase in demand following the various stay at-home and restaurant restriction orders and other restrictions on consumers that have been enacted throughout much of the country in response to the COVID-19 pandemic. NEW YORK--(BUSINESS WIRE)--Blue Apron Holdings, Inc. (NYSE: APRN) announced
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