APRN - Blue Apron stock gains after sales strength in Q4 outlook

February, 18 2021 07:28 AM Blue Apron Holdings Inc. Class A

Blue Apron (APRN) shares are up 2.4% pre-market following Q4 results that beat top-line estimates, shrank the EBITDA loss, and guided for an upside current quarter.Net revenue was up 22% Y/Y to $115.5M, attributed to product innovation. Loss per share was $0.67, six cents worse than consensus expected.Average Order Value improved 6% to over $61, the highest level since before 2015.Orders per customer were up 15% and average revenue per customer increased 22%.Adjusted EBITDA loss was trimmed by 80% on the year to $1.67M.Customers were down 1% sequentially to 353,000.For Q1, the company forecasts revenue of $125-129M versus the $115.4M consensus. Blue Apron also expects a sequential and year-over-year growth in customers, a net loss of no more than $16M, and adjusted EBITDA loss of no more than $6M.Press release.

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Blue Apron stock gains after sales strength in Q4, outlook

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

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