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

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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

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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 -
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Blue Apron Shares Drop To A New Low

03/04/2018 21:21:24