| (USD) | Jun 2023 | Q/Q |
|---|---|---|
| Revenue | 106.2MM | -6% |
| Gross Profit | 40.2MM | - |
| Cost Of Revenue | 66MM | -9% |
| Operating Income | -12.6MM | -11% |
| Operating Expenses | 52.8MM | - |
| Net Income | -61.9MM | - |
| G&A | 34.4MM | -4% |
| Marketing | 9.4MM | -36% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Like planking and peplums, meal kits are a 2010s trend that has grown stale. Blue Apron, once a near $2bn US company, has been bought by mobile restaurant start-up Wonder Group for $103mn. It lets customers focus on particular meal types, such as keto or vegan.
NEW YORK, November 13, 2023--Wonder Group, a company founded by entrepreneur Marc Lore that is redefining at-home dining and food delivery, today will close its previously announced acquisition of Blue Apron (Nasdaq: APRN), the pioneer of the meal kit industry in the United States.
All 165 Blue Apron employees have joined Wonder Group, which has bought the Blue Apron brand and marketing.
Blue Apron issues a going concern warning in its quarterly results due to mounting losses. A deal with FreshRealm in June to outsource its production and fulfillment operations provided a cash infusion, but the company says in a regulatory filing that its ability to continue paying debts depends on the success of its recently announced merger with Wonder and execution of its operating plan. Blue Apron says the deal will be completed "as soon as practicable."
NEW YORK, November 07, 2023--Blue Apron (Nasdaq: APRN), the pioneer of the meal kit industry in the U.S., introduces its holiday menu with an assortment of elevated seasonal offerings designed to make celebrating a breeze. Through the end of the year, customers can choose from a selection of three limited-time meal kits, available with or without a subscription, in addition to premium recipes and Add-ons, making purchasing and planning simple.
Elliott Management disclosed it is an active investor in supply-chain software platform E2open. Gamco Investor took a large stake in meal-prep-kit provider Blue Apron.
NEW YORK, October 03, 2023--Blue Apron (Nasdaq: APRN), the pioneer of the meal kit industry in the U.S., is bringing back its popular Thanksgiving menu this year for a memorable and hassle-free celebration. Available to order October 9 through November 20, the chef-curated options are designed to give customers ultimate flexibility, whether it’s a traditional turkey dinner, a plant-forward vegetarian meal, a honey-glazed baked ham or a variety of festive sides.
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Here is your Pro Recap of 5 head-turning deal dispatches you may have missed last week: deals at Chicos/Sycamore Partners, Blue Apron/Wonder, Carlyle in talks to acquire a majority stake in Medtronic units, Bain Capital considering a takeover of CCC Intelligent Solutions, and John Malone's Liberty Media considering merging its stake in SiriusXM with the rest of the radio company. Chico's FAS (NYSE:CHS) shares soared by over 63% on Thursday following the company's announcement of its agreement...
We feel now is a pretty good time to analyse Blue Apron Holdings, Inc.'s ( NASDAQ:APRN ) business as it appears the...