Blue Apron Holdings, Inc (NYSE:APRN), Walt Disney Company (The) (NYSE:DIS) - Exclusive: Blue Apron s CEO On Why Revenue Growth Is Sustainable Even Beyond COVID benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Dive Brief:
Meal kit seller Blue Apron posted a 22% year-over-year increase in revenue during the fourth quarter of 2020, to $115.5 million, as the value of the average order rose to $61, its highest level since 2015, the company reported Thursday. Blue Apron posted a net loss of $11.9 million in Q4, an improvement from the $21.9 million it lost during the same period in 2019.
The company expects to generate double-digit revenue growth and intends to boost spending on marketing in 2021, Chief Financial Officer Randy Greben said during an earnings call. Demand for meal kits during Q4 was driven by more expensive meal offerings, Greben said.
Blue Apron Keeps Riding Pandemic Wave progressivegrocer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from progressivegrocer.com Daily Mail and Mail on Sunday newspapers.
Britain's Asda ends Walmart era on the upBritish supermarket group Asda ended its 22 years under Walmart ownership with accelerating underlying sales in the Christmas quarter, driven by…
Amazon retains title of the world’s most valuable retail brandBrand Finance has released its latest retail ranking that has been expanded to include 100 brands to give a fuller picture of the…