APRN - Blue Apron slumps after strategic review ends with no fireworks

Solid earnings aren't enough to win the day for Blue Apron ([[APRN]] -12.4%). The company reported a 13% increase in revenue for Q3 with average Revenue per Customer up 22% to $314, orders per Customer 20% higher to 5.4 and average order value 2% higher to approximately $59. Investors may be disappointed that the company ended the board's strategic review without a sale of major transaction. "In light of the recent equity financing, debt refinancing, and continued improvements in the business resulting from both the company’s growth initiatives and the positive impact on demand from the Covid-19 pandemic, the Board of Directors has concluded its review of strategic alternatives that was announced earlier this year."Yesterday: Blue Apron EPS beats by $0.38, beats on revenue

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Blue Apron slumps after strategic review ends with no fireworks