APRN - Blue ApronEPS of -$9.52 revenue of $106.23M misses by $3.36M

2023-08-09 06:33:40 ET

• Blue Apron press release ( NYSE: APRN ): Q2 EPS of -$9.52 may not be comparable to consensus of -$1.80.
• Revenue of $106.23M (-14.5% Y/Y) misses by $3.36M .
• Net revenue of $106.2 million, a decrease of 6.1% sequentially and 14.5% year-over-year, largely driven by a one-time $10.0 million bulk sale to an enterprise customer recognized in the second quarter of 2022 (2Q22) and deliberate reduction in marketing spend
• Average Order Value of $75.66, an increase of 12.7% year-over-year and 7.7% sequentially
• Average Revenue per Customer of $397, an increase of 21.3% year-over-year and 14.8% sequentially

• For the Full Year 2023, the Company expects:

  • Net revenue in the range of $410.0 million to $415.0 million; and
  • Adjusted EBITDA loss in the range of $27.0 million to $23.0 million.

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