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Shares for Blue Apron Hit All-Time Low

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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.

Added on the 07/11/2017 11:26:48 - 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

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