Meal kit provider Blue Apron has its sights set on achieving profitability starting in the second quarter of 2024, executives told investors on the company’s second-quarter 2023 earnings call on Wednesday (Aug. 9). “Our internal model reflects sufficient capital from our operations to achieve our adjusted EBITDA profitability goal and...
As meal kit providers look to weather the challenges of inflation, many have been forced to rethink their business models. Blue Apron CEO Linda Findley tells PYMNTS in an interview that, in the last year, the whole industry has refocused its priorities, finding ways to...
Meal kit provider Blue Apron shares jumped Friday (June 9) on news of its shift to an asset-light model. The shares jumped as much as 71% in early morning trading, Seeking Alpha reported Friday. Shares of the stock closed Friday night at $8.95, up 67.29% from the previous close....
Many restaurants and quick-service restaurants (QSRs) have been stressed to their breaking points during the pandemic as budget-conscious consumers are uneasy about dining out and unwilling to spend as much on food. Some restaurants have declared bankruptcy, while others have had to completely close their...
June 26, 2023
As meal kit providers look to weather the challenges of inflation, many have been forced to rethink their business models. Blue Apron CEO Linda Findley tells PYMNTS in an interview that, in the last year, the whole industry has refocused its priorities, finding ways to build a more solid foundation for longer-term growth. “You have […]
September 01, 2020
Many restaurants and quick-service restaurants (QSRs) have been stressed to their breaking points during the pandemic as budget-conscious consumers are uneasy about dining out and unwilling to spend as much...
September 29, 2023
Blue Apron, a provider of meal kits, has entered into a definitive merger agreement to be acquired by Wonder Group, a company focused on at-home dining and food delivery. The acquisition aims to create a leading platform for mealtime experiences, focusing on both meal kits and fully-prepared meals, and enhance both companies’ abilities to deliver meals […]
August 09, 2023
Meal kit provider Blue Apron has its sights set on achieving profitability starting in the second quarter of 2024, executives told investors on the company’s second-quarter 2023 earnings call on Wednesday (Aug. 9). “Our internal...
June 09, 2023
Meal kit provider Blue Apron shares jumped Friday (June 9) on news of its shift to an asset-light model. The shares jumped as much as 71% in early morning trading, Seeking Alpha reported Friday....
