Home > Blue Apron's Share Price Is Falling Like A Busted Soufflé

Blue Apron's Share Price Is Falling Like A Busted Soufflé


Business Insider reports meal-kit maker Blue Apron hit a record low of $1.50 a share on Tuesday. Shares are down 85% since their June 2017 initial public offering. In August, the cook-at-home subscription service saw a 24% year-over-year drop in customers in Q2. Against competitors Amazon and Walmart, revenue per customer slipped to $250 from $251 last year.

Added on the 02/10/2018 15:47:47 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • Shares for Blue Apron Hit All-Time Low

    As of Tuesday, shares for ingredient-and-recipe meal kit service Blue Apron are down 13.66% at $3.35 a share, a new all-time low. While the company did beat Wall Street expectations in third-quarter earnings by reporting $210.6 million of revenue, it still saw a bigger than expected loss per share of $0.47. Its largest competitor, Hello Fresh, who went public last week in Germany, also reported revenue growth in its most recent quarter, and a net loss smaller than Blue Apron's this week.

    07/11/2017 - Wochit
  • Asian Shares Falling On 'Hawkish' Fed Outlook

    SYDNEY (Reuters) - Asian shares were set to open significantly lower on Thursday as the U.S. Federal Reserve poured cold water on market expectations of a lengthy easing cycle after delivering a 25-basis-point cut. FILE PHOTO: An investor walks past a screen displaying stock information at a brokerage house in Shanghai, China May 6, 2019.

    01/08/2019 - Wochit
  • Beyond Meat Stock Surges 730%

    Beyond Meat is a meatless based food company. They went public with an IPO in May. CEO Ethan Brown said he has watched "a brand morph into a movement" since the company's IPO. The company's stock has spiked as much as 734% from its initial public offering price.

    24/07/2019 - Wochit
  • Azure Thrills, Bumps Up Microsoft's Q4 Revenues By 12 Percent

    Microsoft Corp on Thursday reported fourth-quarter revenue that beat analysts’ estimates. According to Reuters, the 12% rise in total revenue was powered by growth in its flagship cloud product Azure. Total revenue rose to $33.72 billion for the quarter ended June 30th. According to IBES data from Refinitiv, that number is above average analysts’ estimates of $32.77 billion.

    18/07/2019 - Wochit
  • Take My Money: Elon Musk's SpaceX Raises Another $300 Million, Give Or Take

    Business Insider reports SpaceX is raising another $314.2 million in equity funding, pushing SpaceX's 2019 fundraising total to $1.33 billion. SpaceX is the private aerospace manufacturer and space transportation services company founded by Tesla CEO Elon Musk. On Tuesday, SpaceX launched its latest Falcon Heavy rocket, which included LightSail 2, the first spacecraft in Earth orbit powered by sunlight. SpaceX has filed a document to raise $314.2 million at a valuation price of $214 a share.

    27/06/2019 - Wochit

More videosBusiness

Watch video of Shares Of Blue Apron Dipped To An All-time Low. The Meal-kit Subscription Dropped To $1.81 Per Share On Tuesday. The Company Has Faced Increasing Pressures From Competition, Like HelloFresh. Big Companies Like Walmart And Amazon Entering Its Space. In March, Walmart Announced It Was Launching Its Own Line Of Meal Kits. The Company Has Struggled To Attract New Customers And Retain Old Ones Since Going Public Last June. - Blue Apron Shares Drop To A New Low - Label : Wochit -

Blue Apron Shares Drop To A New Low

03/04/2018 21:21:24