Raw food prices are skyrocketing, as are wages for the company's heavy headcount in logistics and distribution. The company is struggling in an inflationary environment.Revenue declines are worsening quarter over quarter, and each quarter also sees a fresh bleed-out of customers as overall demand in the meal-kit category is dwindling. Before we get into all the details, here are the key reasons to be concerned about this company: Right now, Blue Apron is barely sitting at over a $100 million market cap. As drastic as that YTD loss already is, I think the company still has more downward momentum to go: Data by YCharts Year to date, Blue Apron has shed nearly half of its value. But now, amid the return to school/office landscape and with a massively inflationary environment that has pumped up all of Blue Apron's costs, the company is grasping to stay afloat. Blue Apron, the original meal-kit vendor, saw a brief respite during the pandemic when lockdowns and restaurant closures temporarily caused meal-kit orders to surge. Long term indicators on average place the stock in the category of 100% Sell.There are plenty of companies I love as a consumer that I wouldn't touch with a ten-foot pole as an investor, and Blue Apron ( NYSE: APRN) is one of them (another one, in case you were curious, is Redfin ( RDFN )).
On the other hand, looking at the outlook for the APRN stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $405.69 million, or -11.50% down from figures reported last year. The median projection represents growth adding up to -12.00% compared to sales growth for the corresponding quarter a year ago. These figures represent 69.20% and 32.30% growth in EPS for the two years respectively.Īnalysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $109.38 million, with a low of $100.74 million and a high of $118.02 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.27, with the EPS growth for the year raised at -$0. has a market cap of $42.52 million and is expected to release its quarterly earnings report on – Aug 11, 2023. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.īlue Apron Holdings Inc.
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