- Shares of Blue Apron have crumbled ~50% from all-time highs as investors look forward to the reopening of the U.S. economy.
- Blue Apron has been growing revenue at a ~20% y/y pace amid a pickup in demand for at-home meals in 2020.
- Orders and customer counts, however, have been peeling downward as time moves on.
- Blue Apron expects to still grow at a double-digit pace in 2021, which may be difficult to do after comping a tough 2020.
- Liquidity also remains limited, and with share prices depressed, it may be difficult for Blue Apron to raise sufficient capital.
For further details see:
Blue Apron Excelled In 2020, But Can It Last?