APRN - Blue Apron GAAP EPS of -$0.26 beats by $0.06 revenue of $113.08M beats by $1.31M

May, 04 2023 06:33 AM Blue Apron Holdings Inc. Class A

2023-05-04 06:33:33 ET

Blue Apron press release ( NYSE: APRN ): Q1 GAAP EPS of -$0.26 beats by $0.06 .
Revenue of $113.08M (-4.0% Y/Y) beats by $1.31M .
Net revenue of $113.1 million in 1Q23, a 5.9% sequential increase and a 4.0% year-over-year decline, impacted by growth in customers and increased order volume in the quarter
Average Order Value rose 11.6% year-over-year and declined 3.9% sequentially to $70.27, due to the price increase introduced in the second quarter of 2022 (2Q22) and increased promotional spend in 1Q23, respectively
Average Revenue per Customer increased 7.9% year-over-year and declined 3.4% sequentially to $346, primarily due to the price increase initiated in 2Q22

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Company Name:	Blue Apron Holdings Inc. Class A
Stock Symbol:	APRN
Market:	NYSE