Marcha 19, 2018

Blue Apron shares crater amid higher costs at new facility

11 Agosto 2017, 05:41 | Dolorita Barahona

Blue Apron reports major loss despite customer growth

Investors Alert on Blue Apron Holdings, Inc. (APRN)

UBS AG initiated coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th.

There was at least some good news. Average orders per week fell to 4.4 from 4.3 a year ago. This surpassed analysts' expectations for $235.8 million.

Blue Apron Holdings Inc (NASDAQ:APRN)'s stock had its "buy" rating reaffirmed by research analysts at Royal Bank Of Canada in a report released on Tuesday.

The food provider company said increase in revenues is driven by an increase in orders and customers as number of its active customers jumped to 943,000 from 766,000 a year earlier but average revenue per customer declined by 5% to $251 and operating expenses surged 37%. But analysts had voiced concern about how much Blue Apron was spending to cover the airwaves and NY subways with advertising and whether its business model was sustainable.

Over the last 5 years, Analysts are expecting EPS growth rates to be at -16.90% this quarter and EPS estimate for next year reflect 48.60% growth rate.

If you were surprised about the Blue Apron directional move, you haven't been reading 24/7 Wall St. and seeing our tweets about $APRN.

This issue is compounded by Blue Apron slashing its IPO price at the last minute to attract investors.

The company's stock slumped more than 11 percent mid-morning after the business posted mixed financial results.

Shares in Blue Apron Holdings Inc. fell almost 16% early Thursday after the meal-kit company said new products and a new fulfillment center had cost more than expected. Legal & General Group Plc acquired a new position in shares of Blue Apron Holdings during the second quarter valued at approximately $187,000.

Blue Apron Holdings, a holding company. This is down from its net income of $5.53 million that was reported in the second quarter of the previous year.

Unfortunately, that means a lot of work remains in front of the company at a time when it has ever-growing competition.

Shares fell by as much as 18% in early trading and were hovering at roughly 14% as of late Thursday morning. Alliancebernstein L.P. bought a new stake in shares of Blue Apron Holdings during the second quarter valued at approximately $4,670,000.

Investors really like consistency.

Blue Apron executives underscored their belief that the problems facing the company are short term, highlighting the company's longer-term potential. In this case, our ire is still reserved for APRN's underwriters, namely Goldman Sachs and Morgan Stanley (we'll let Citi and Barclays off the hook as they were understandably just happy to be invited to any kind of IPO party).

Otras noticias

Tendencias Ahora

How major USA stock market indexes fared Wednesday
Nvidia fell $7.37, or 4.3 percent, to $164.74, while Advanced Micro Devices gave up 71 cents, or 5.5 percent, to $12.12. Avis Budget Group slumped 9.9 percent after the auto rental company cut its guidance following a weak second quarter.

How major U.S. stock market indexes fared Wednesday
Against that backdrop, Dudley might provide an upbeat outlook and confirm the Fed is on track for a rate hike, said Innes. New York Federal Reserve President William Dudley will speak on wage inequality in the New York region at 10 a.m.

Newlywed Garcia not on form that brought Masters win
Bevacqua praised Johnny Harris for his leadership in bringing the tournament to Charlotte and the Quail Hollow Club course setup. That said, the golfers who know the course might not recognize it as it underwent major renovations after the 2016 Wells Fargo.

U.S. missile shield not certain to protect Guam from North Korea
The move is intended as a show of force against the push back against recent heated rhetoric from President Donald Trump . Their location in a USA territory means its military is just hours from potential flashpoints in the western Pacific.

Hard 'N Fast: Five to watch at the PGA Championship
With several false fronts and other ridges and drop-offs, players would rather be hitting shorter irons for their approach shots. That's his biggest asset. "Being able to forget about a bad shot and move to the next one, that's his greatest weapon".

J&K braces for unrest over Article 35A
Earlier, National Conference working president Omar Abdullah took to Twitter and informed about the meeting. Jammu and Kashmir, being such a land, needs this protection to safeguard the ecological balance.

NYT's 'Leaked' Bombshell Climate Report Was Actually Public for Months
In recent months the EPA and the Department of the Interior have removed web pages explaining climate change, to public outcry. If that happens, she said, "the author team will then have to decide whether they can make [those changes] or not".

¿Podría ser Meade la apuesta del PRI para 2018?
Asimismo, se abre la posibilidad a que militantes y simpatizantes vayan juntos en procesos de selección interna. Por su parte Ivonne Ortega , exgobernadora de Yucatán, apoyó la propuesta del diputado Machuca.

West Virginia governor blames House Democrats for party switch
American Action Network surveyed 1,000 likely voters nationwide from August 1 through August 3. House Speaker Paul Ryan (R-Wis.) asserted that Trump is "expanding the Republican tent".

Kenyan opposition leader calls elections "a complete sham"
According to the Kenya Today media outlet, the police claimed that the killed protesters were looting during the demonstrations. The western port city on Lake Victoria has been a flashpoint in past elections .