Blue Apron Holdings: Another Red Flag Quarter Keeps It Off Our Table

Nov. 07, 2022 2:24 PM ETBlue Apron Holdings, Inc. (APRN)2 Comments

Summary

  • APRN reported Q3 earnings with poor sales and a widening loss.
  • The meal kit provider has lost customers while facing rising cost pressures in a challenging operating environment.
  • Liquidity concerns point to more dilutive equity issuances going forward.
  • Looking for more investing ideas like this one? Get them exclusively at Conviction Dossier. Learn More »

Healthy eating of asian gay couple.

Erdark/E+ via Getty Images

Blue Apron Holdings (NYSE:APRN) is recognized as one of the pioneers in direct-to-consumer meal kit delivery. While the service saw a boost in popularity during the early stages of the pandemic, the setup now is a

APRN metrics

source: company IR

APRN metrics

source: company IR

APRN metrics

source: Bloomberg

APRN metrics

Seeking Alpha

Add some conviction to your trading! Take a look at our exclusive stock picks. Join a winning team that gets it right. Click here for a two-week free trial.

This article was written by

Dan Victor, CFA profile picture
17.12K Followers
Outside-the-box trade ideas through a powerful multi-sector strategy.

BOOX Research is now Dan Victor, CFA

15 years of professional experience in capital markets and investment management at major financial institutions.

Check out our private marketplace newsletter service *Conviction Dossier* for curated trade ideas.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (2)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.