![]() Dickerson said he hopes to expand to more Costco stores. He said he is aiming for Blue Apron to be profitable by next year.Įxecutives say the kits to make beef stir-fry and chicken tacos that they started selling at 17 Costco stores around San Francisco and the Pacific Northwest on Saturday will spur sales and entice people to sign up for subscriptions. Automation at the New Jersey plant reduced labor costs, Chief Executive Brad Dickerson said. Net losses fell by 13% this quarter after the company curbed food and packaging waste. ![]() The company appears to be turning a corner. The six-year-old company's shares have fallen about 80% since its public offering at $10 a share in July. The net loss of $31.7 million was an improvement from $52.2 million the prior year's period.īlue Apron has struggled to fix operational problems at a warehouse in New Jersey that executives were counting on to support the rapid growth they planned. The New York-based company reported a loss of 17 cents a share, beating expectations for a loss of 24 cents. Revenue per customer increased to $250 from $236 the year prior. ![]() That capped Blue Apron's first quarter of customer growth after a year of losses, but the total remains well below a peak of 1 million last March.īlue Apron shares were up around 7% Thursday before falling back on the higher customer count and improving financials.
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