Average revenue per customer subscription increased to $328. The numbers, however, missed analysts’ estimates of $125m. Blue Apron second-quarter resultsīlue Apron announced its second-quarter results on 8 August seeing year-over-year revenue surge by 6% to $124.2m. In 2022, APRN stock has continued to fall in line with the wider negative sentiment. Some positive price action was seen in December 2021, when Blue Apron made its recipes available with Amazon Alexa. In the aftermath of the pandemic, APRN lost 78.6% of its gains falling to $3.88 in September 2021. In May 2020, the meal-kit provider noted that it was en route for “sustained long-term growth” as demand for its food boxes grew amid the Covid-19 pandemic with APRN seeing several hikes throughout July 2020. In March 2020, however, the stock surged to $16.25 as the company announced that it was adding a number of "premium recipes to its menu". In case of Blue Apron’s reverse split, investors received one share for each 15.īetween July 2018 and February 2020, APRN stock continued to decline, reaching the all-time low on 25 February 2020 at $2.05 (reverse stock split adjusted) – down 96.5% since its July 2018 highs of $58. A reverse stock split consolidates a number of shares into fewer shares that trade at a higher price without affecting the overall market capitalisation. In June 2019, the company announced a reverse stock split 1 for 15 to boost the troubled share price. Yet it was followed by a 50% dip in the coming weeks as Chick-fil-A, a popular American fast-food chain, announced a test run of meal kits sales. Over the last five years, APRN has disappointed shareholders with the loss of 51.16% – a major contrast to the 6.83% growth of the industry standard, data from Morningstarshowed.ĪPRN was on a positive roll between April 2018 and July 2018, surging by more than 110% during the period. That start saw the stock losing over 70% of its value in the first five months of the listing. When the company went public, its IPO of $10 was lower than expected, highly influenced by Amazon’s deal to buy Whole Food Markets. Try demo APRN stock price struggles to repeat 2017 highs US30 US Wall Street 30 (USA 30, Dow Jones)
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