Post-earnings pop for Blue Apron [Seeking Alpha]
Blue Apron Holdings, Inc. (APRN)
Last blue apron holdings, inc. earnings: 4/29 06:15 am
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US:NYSE Investor Relations:
investors.blueapron.com
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Source: Seeking Alpha
Post-earnings pop for Blue ApronBlue Apron (NYSE:APRN) trades higher after toppingQ3 revenue estimates with a $211M tally.The company's number of customers fell 6% Y/Y and 9% Q/Q on a strategy to reduce marketing expenses.Marketing expenses fell to 16.3% of revenue vs. 24.2% a year ago.Average revenue per customer jumped $18 to $245 during the quarter. Orders per customers rose to 4.3 from 4.0 a year ago and 4.2 in Q2.Q3 EBITDA came in at -$48M vs. -$45.6M expected.Shares of Blue Apron areup 7.07% premarket to $5.00.See all stocks on the move »
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