Blue Apron Holdi - APRN STOCK NEWS

Blue Apron (NYSE: APRN) announced it will release its first quarter 2023 financial results on Thursday, May 4, 2023, before U.S. markets open. A conference call will follow at 8:30 a.m. ET, hosted by CEO Linda Findley and Interim CFO Mitch Cohen, discussing the results and future outlook. Investors can access the call by dialing 1-877-883-0383 (or 1-412-902-6506 for international callers) using conference ID 7204547. The live webcast will be available on Blue Apron’s investor relations website, with a recording accessible afterward. The replay of the conference call can be accessed until May 11, 2023, using replay code 9877590.

For more information, visit blueapron.com.

Blue Apron (NYSE: APRN) has partnered with cookbook author Molly Yeh to offer limited-edition Asian-inspired meal kits. The new offerings, available for order starting May 8, feature a burger bar concept designed to simplify home cooking. The box serves four and includes dishes like Ginger-Scallion Burgers and Miso Apple Pie. Each kit highlights ingredients that Yeh cherishes, promoting culinary exploration while saving time. To celebrate the launch, Blue Apron will hold a giveaway for customers purchasing the box during the promotional period, running for three weeks and featuring prizes including gift cards and signed cookbooks. This collaboration aims to connect customers with innovative chefs and enhance their cooking experience with exciting flavor combinations.

Blue Apron (NYSE: APRN) has expanded its Heat & Eat meals delivery service to 11 markets, including New York City, in partnership with DashMart by DoorDash (NYSE: DASH). This rollout follows a successful pilot in Philadelphia. Customers can now enjoy ready-to-eat meals in regions including New Jersey, Virginia, Illinois, Maryland, Ohio, and Pennsylvania. The meals, which are ready in 5 minutes, aim to provide convenience without requiring a subscription. This initiative is part of Blue Apron's strategy to increase market reach and customer accessibility to its culinary offerings.

Blue Apron (NYSE: APRN) announced its financial results for 4Q22 and FY22, reporting a net revenue of approximately $107 million in 4Q22, flat year-over-year but down 3% from the previous quarter. Key metrics included a record average order value of $73.15 and average revenue per customer of $358. The company achieved over 50% reduction in cash burn compared to the prior year, driven by cost-cutting measures. Blue Apron amended its debt agreement to accelerate debt paydown, reducing liquidity covenants. However, it faced a net loss of $21.8 million in 4Q22. As of February 28, 2023, cash reached $46.3 million, and further financing may be needed to meet working capital requirements.

Blue Apron (NYSE: APRN) has announced that Linda Findley, President and CEO, along with Mitch Cohen, Interim CFO, will participate in a fireside chat at Canaccord Genuity’s eCommerce Sustainable Advantage Virtual Forum on March 23, 2023, at 11:00 AM ET.

The event's webcast will be available on the company's Investor Relations Website. Interested parties can contact Canaccord Genuity for further information or to request an invitation.

Founded in 2012, Blue Apron aims for Better Living Through Better Food™, providing fresh, chef-designed recipes while promoting dietary and planetary wellness.