APRN - Don't Look Now: Blue Apron Stock Is Finally Tasty
Some recipes take time to get just right, and after three grueling years we may finally be at the point where Blue Apron Holdings (NYSE: APRN) is ready to get cooking. The provider of gourmet meal kits reports financial results this week, and it's likely to do something that it hasn't done since early 2018.
Blue Apron's guidance in late April -- which it reiterated a few weeks later -- calls for revenue of roughly $130 million for the quarter ending in June. It would be a modest 9% increase from the $119.2 million it served up a year earlier, but it's a beefy milestone. Blue Apron has posted double-digit declines in revenue growth for 10 consecutive quarters. Valid sandbagging points aside, a return to top-line growth for the first time in two and a half years is a pretty big deal for one of the more disappointing debutantes of the 2017 IPO class.
Image source: Blue Apron.